Jesse Livermore: A Short Selling Specialist
Posted: Sun Jan 12, 2025 6:55 am
new how to take risks and take advantage of the situation .
They were often pioneers and even did things that we would be careful not to recommend. Their great knowledge of the context pushed them to go against trends, and that is how they reaped maximum profits.
So let's review the best traders in history, those for whom fear was synonymous with success .
He was first "the boy of t architect database he bucket shops" before becoming the " great bear of Wall Street ." The son of a farmer from Massachusetts, he worked in Boston and was responsible for updating the prices of stocks and bonds. He thus acquired a basic knowledge of this enormous market, which allowed him to develop methods of forecasting .
He began earning his living by gambling in bucket shops on the East Coast. He then moved to New York where he worked as a trader. There, he became a true expert in short positions. With impressive timing, he made huge profits from a short position on Union Pacific in 1906, just before the San Francisco earthquake.
Another masterstroke of the "short" allowed him to make a real fortune by anticipating the crash of 1929 .
Several of his practices were later banned, such as using confidential information or concealing his positions.
Nicolas Darvas: the old school
A professional dancer, he developed the theory of Darvas Boxes in the late 1950s. This consisted of selecting investments by combining technical analysis and fundamental analysis . Thanks to this method, he managed to earn more than two million in eighteen months, a real fortune for the time, with an initial investment of 10,000 dollars.
George Soros: The Man Who Brought Down the Pound
In 1990, the United Kingdom joined the European Union's fixed exchange rate mechanism, the ERM, which preceded the euro. Two years later, uncertainties arose over several currencies - including the pound - due to the Bundesbank's restrictive monetary policy. The Bank of England, unable to support the pound, was then forced to abandon the fixed exchange rate system. This decision caused the pound to fall by 15% against the mark and by 25% against the dollar. It is estimated that George Soros made a billion pounds in a single day speculating on the fall in the pound .
They were often pioneers and even did things that we would be careful not to recommend. Their great knowledge of the context pushed them to go against trends, and that is how they reaped maximum profits.
So let's review the best traders in history, those for whom fear was synonymous with success .
He was first "the boy of t architect database he bucket shops" before becoming the " great bear of Wall Street ." The son of a farmer from Massachusetts, he worked in Boston and was responsible for updating the prices of stocks and bonds. He thus acquired a basic knowledge of this enormous market, which allowed him to develop methods of forecasting .
He began earning his living by gambling in bucket shops on the East Coast. He then moved to New York where he worked as a trader. There, he became a true expert in short positions. With impressive timing, he made huge profits from a short position on Union Pacific in 1906, just before the San Francisco earthquake.
Another masterstroke of the "short" allowed him to make a real fortune by anticipating the crash of 1929 .
Several of his practices were later banned, such as using confidential information or concealing his positions.
Nicolas Darvas: the old school
A professional dancer, he developed the theory of Darvas Boxes in the late 1950s. This consisted of selecting investments by combining technical analysis and fundamental analysis . Thanks to this method, he managed to earn more than two million in eighteen months, a real fortune for the time, with an initial investment of 10,000 dollars.
George Soros: The Man Who Brought Down the Pound
In 1990, the United Kingdom joined the European Union's fixed exchange rate mechanism, the ERM, which preceded the euro. Two years later, uncertainties arose over several currencies - including the pound - due to the Bundesbank's restrictive monetary policy. The Bank of England, unable to support the pound, was then forced to abandon the fixed exchange rate system. This decision caused the pound to fall by 15% against the mark and by 25% against the dollar. It is estimated that George Soros made a billion pounds in a single day speculating on the fall in the pound .