From $1.4 Billion to Bankrupt in 5 Years - Lessons of a Speculator

Posted by TopstepTrader on September 25, 2017

Coming out of the crash of 1929, one trader stood above the rest. Jesse Livermore was one of the few who foresaw the crash and leveraged that market awareness into gains of $100 million - or $1.39 billion in today's dollars. Those gains turned him into one of the top 10 richest men in the world. 

Five years later, he filed for bankruptcy after squandering the fortune of a lifetime trading. 

How did it happen?

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Topics: Trading Basics, Trading Lessons, Market Wizards, Jesse Livermore

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