Jesse L. Livermore

AAA

DEFINITION of 'Jesse L. Livermore'

Livermore rose from a humble farming background to become a stock trader in Boston. Over the course of his career, he won and lost several fortunes in many arenas. A self-made man with no formal education or trading experience, Livermore focused on making money from the overall market directions and not concentrating on individual stocks. He believed that insider and professional research opinions were not a just means for stock picking as investors had to perform their own analysis.

INVESTOPEDIA EXPLAINS 'Jesse L. Livermore'

Livermore lived from 1877 to 1940. He espoused the strategy of buying and holding during bull markets and selling when market momentum began to shift. He believed that effort was a key component that separated the winners and losers in the investment world.

RELATED TERMS
  1. Bond

    A debt investment in which an investor loans money to an entity ...
  2. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected ...
  3. Derivative

    A security whose price is dependent upon or derived from one ...
  4. Security

    A financial instrument that represents: an ownership position ...
  5. Stock

    A type of security that signifies ownership in a corporation ...
  6. Steve Cohen

    A trading magnate also referred to as the Hedge Fund King and ...
Related Articles
  1. Short Selling: Making The Ban
    Active Trading Fundamentals

    Short Selling: Making The Ban

  2. Jesse Livermore: Lessons From A Legendary ...
    Trading Strategies

    Jesse Livermore: Lessons From A Legendary ...

  3. Buy High And Sell Low With Relative ...
    Options & Futures

    Buy High And Sell Low With Relative ...

  4. How do I calculate earnings per share ...
    Fundamental Analysis

    How do I calculate earnings per share ...

comments powered by Disqus
Hot Definitions
  1. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center