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.