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Saturday, September 4, 2010

Livermore: The Greatest Trader



There is only one side of the market and it is not the bull side or the bear side but the right side 
Jesse Livermore is considered by many of today's top Wall Street traders as the greatest trader who ever lived. Livermore broke new ground in trading the market. His timing techniques, money management systems, and high-momentum approach to trading in stocks and commodities was revolutionary, and remains valid today. He was widely blamed for the 1929 stock market crash which he shorted heavily. He made more than $100 million of profit which he subsequently lost.