Thursday, May 17, 2012

Why do traders still quote Jesse Livermore?

Jesse Livermore trader
Found this excellent quote from the Elite Trader forums

In a response to one poster asking, "Why does everyone quote Jesse Livermore? He was a horrible trader, who blew up every couple of years. ", another forum member answered: 

"Simple. He was a pure artist of "the game."

Artists always reach beyond their grasp. They sometimes succeed brilliantly. They sometimes fail tragically. But they never fail to inspire.
"  

Speculation is an art form. And true artists, however flawed, never fail to inspire us.