(The
Livermore formula for combining Time Element and Price)
Jesse Livermore is a stock market legend, known as a “Great Bear Of Wall
Street”. In a life spent on Wall Street, he made and lost four
fortunes. He is also known as a Millionaire Boy Plunger and was one of the Greatest Speculators and Market Analyst of the Century.
Livermore’s
son, Jesse Jr. suggested Livermore to write a book about his experiences and
techniques in trading in the stock and commodity markets. This bought the flash
of life back into Livermore and the book was completed and published by Duell,
Sloan and Pearce in 1940. The book did not sell well, world war 2 was under way
and the general interest on stock market was low.
(This post is not the
review of the book, it’s about the essentials that you learn after reading the
book, I have made my best efforts in presenting it in the form of Quotes)
