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Jesse Livermore: Old Lessons For Today's Markets

Jesse Livermore: Old Lessons For Today's Markets Authored by Michael Lebowitz via RealInvestmentAdvice.com, In 1891, at 14 years old, with nothing but the clothes on his back, Jesse Livermore left his family and headed to Boston. He quickly found a job posting stock quotes at a Paine Webber brokerage office. Livermore spent his lunch hours trading in “bucket shops,” loosely regulated offices where ordinary people bet on stock prices without owning the underlying stock. His lunchtime trading activities earned him a $1,000 profit in his first year, and by the time he...
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