21 Trading Rules By The Legendary Stock Trader Jesse Livermore Still Hold True Today

Jesse Livermore was one of the trading legends. Some call him one of the greatest traders who ever lived. He made and lost millions of dollars while shorting stocks in 1920s. These 21 trading rules still apply today. Why? Because markets never change. Markets are just people buying and selling. Human psychology is the same and it can never change. So the herd mentality that drives the market is never going to change. People will buy in a crowd driving the prices higher and then they will start selling in a crowd when panic sets in. Those who stay ahead of the crowd most of the time win meaning they buy early and sell early. But it is not easy to always stay ahead of the crowd. That’s why trading legends like Jesse Livermore made and lost millions. Jesse Livermore lived more than 75 years ago and these 21 trading rules were compiled by him in 1940. You can go through Jesse Livermore 21 Trading Rules and be amazed that all of them apply today as they applied in his times. Why? Because markets never change.

Time Magazine described Jesse Livermore as the most fabulous living U.S. stock trader. He progressed from office boy to Wall Street legend – Even today, many stock and commodity traders owe Jesse Livermore a deep debt of gratitude for sharing his experiences in Reminiscences of a Stock Operator. The techniques he made public have endured through many decades; his trading rules earned him millions of dollars, provided he stayed faithful to them.