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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (43110)	11/14/2021 12:48:39 PM
From: tntpal	Read Replies (1) \| Respond to of 97300

J. Livermore was a true 'natural' with his speculative investments. He was almost intuitive in shorting the Union Pacific railroad in 1906... “I was looking over the quotation board, noting the changes, and they were mostly advances – until I came to Union Pacific and I got a feeling that I ought to sell it. I can’t tell you anymore. I just felt like selling it..." Livermore increased his short positions in the market & then went long at the bottom in 1907... In the Panic of 1907, Livermore's huge short positions made him $1 million in a single day. [6] However, his mentor, J. P. Morgan, who had bailed out the entire New York Stock Exchange during the crash, requested him to refrain from further short selling. Livermore agreed and instead, profited from the rebound, boosting his net worth to $3 million. [6] His trading reflected his life experiences as a risk taker. He was like a great sports hero making good... We do love our heros.