Jesse Lauriston Livermore (July 26, 1877 – November 28, 1940) was an American stock trader considered one of the greatest traders in history. He made and lost several fortunes during his career, including famous profits during the 1907 and 1929 market crashes. Livermore began trading at age 14 in Boston bucket shops and developed his own methods for reading market...
"The greatest enemy of the investor is himself. Fear, greed, regret, and pride cause more losses than any economic event. Master your emotions to master the market."
Master your emotions to master the market.
Read Full Analysis →"Know the common behavioral biases that trap investors: anchoring, confirmation bias, loss aversion, and herding. Awareness is the first step to prevention."
Know your behavioral biases to avoid them.
Read Full Analysis →"Think independently. The crowd is often wrong at extremes, and following popular opinion is a reliable path to mediocre returns. Form your own informed views."
Think independently from the crowd.
Read Full Analysis →Jesse Livermore has 3 key principles on investment psychology. The most important one is "Master Your Emotions" — The greatest enemy of the investor is himself.
Jesse Livermore applies investment psychology through several key principles including "Master Your Emotions" and "Behavioral Bias Awareness". These principles guide practical investment decisions and have been tested across decades of market cycles.
Jesse Livermore's approach to investment psychology is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Jesse Livermore provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
