Jesse Livermore made $100 million in 1929. By 1934 he had lost it all

How could an experienced trader lose his entire fortune? Why didn’t Jesse Livermore follow his own trading rules? – rules that should quickly have closed his losing positions. In 1917, with great foresight, Jesse Livermore had bought $800,000 worth of annuities. His objective was to ensure his family had an income in case he lost everything in the markets. He knew from experience how

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