Jesse Livermore is said to have participated in every major stock and commodities move from 1910 – 1940. Livermore was on the right side of the market in 1929, and after the Great Crash his fortune swelled to $100 million. A huge amount of money in any period.
He had to be doing something right.
Livermore was a trend follower. He only took positions in the direction of the trend, and he added new postions whenever his system told him to do so. “We know that prices move up and down. They always have and they always will. My theory is that behind these major movements is an irresistible force. That is all one needs to know…Just recognize that the movement is there and take advantage of it by steering your speculative ship along with the tide.” … Continue Reading