Jesse Lauriston Livermore was an American stock trader, who is remembered as the pioneer of day trading. Born into a poverty-stricken farming family, he was pulled out of school by his father at the age of fourteen. Aided by his mother, he ran away from home to start working as a board boy in a stockbroker’s office in Boston, quickly realizing that there was nothing random about the ticker numbers that were coming through. At fifteen, he started betting at a bucket shop, earning a neat sum of $10,000 by the age of 22. Thereafter, he moved to New York City, using what we now call ‘technical analyses’ as the basis for his trades at Wall Street. In his long career, spanning nearly half a century, he had thrice filed for bankruptcy and in-between became one of the richest men of the world. His principles, especially the effects of emotion on trading, continue to be studied to this day.
Shrewsbury, Massachusetts, United States
Also Known As
Jesse Lauriston Livermore
Harriet Metz Noble (m. 1933), Dorothea, Dorothea "Dorothy" Wendt (m. 1918–1932), Nettie Jordan (m. 1900–1917)
Jesse Livermore Jr., Paul Livermore