This man is the biggest trader in history...

This man is the biggest trader in history, he tells you that Cryptos are going to fall for the rest of the year at least.


You guys don't believe him.


Why?

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He's dead Jim

Probably because he's been dead for decades and also went bankrupt multiple times

>an old fuck tries to say what Crypto is gonna do
pfft

He also became the today's equivalent of a billionaire trough trading and was one of the very few who dared to short the market in 1929

Anybody losing as much as him would never even be physically able to make it back with more.

He actually did.

Traders like Paul Tudor apply the exact same knowledge and strategy to stock trading.

They both tell you cryptos go down again and that you will lose money since you trade on small volatile fluctuations.

Don’t these big names cause a self fulfilling prophecy?
Without these guys how would the market be?

Livermore never ever gave away what he was doing, he even wrote in code so nobody who would enter his office knew what he was up to. Besides that, he litterly started from nothing, a poor farmer's son who fled to the city and made it big. Your comment is pretty ignorant.

Can't say.
Livermore was actually so rich he could relaunch the economy after 1928 crysis, he was part of a plan devised by JP Morgan for that purpose.

This tells you how much power they have over the market.

Watching at trader's documentary I found that funny that Tudor was so successful some brokers would negate him a choice to sell because they thought he knows something.

Okay good for him
Doesn’t change the fact modern guys say what they’re gonna do

No internet back then, and he wasn’t exactly posting his predictions on twitter.

Guy was an absolute prodigy though.

They tell you because that's part of their strategy. Livermore had a pretty strict moral code when it came to trading, he'd only give you basic tips of how to play a market, never any buy/sell advice. Today's market is filled with financial predators that want you to take the opposite side of your trade or just want to shill it to people so the price will go up.

There's a bit of truth in what you say, but there's more facets to it than that.

Livermore was the most based trader of all time

he is a boomer

This is a brand new market that no stinky old man could even fathom of trading in even in this absoulte bottomed I am sitting very comfy

Jesse Livermore's rules for trading

>Nothing new ever occurs in the business of speculating or investing in securities and commodities.

>Money cannot consistently be made trading every day or every week during the year.
Don't trust your own opinion and back your judgment until the action of the market itself confirms your opinion.

>Markets are never wrong - opinions often are.
The real money made in speculating has been in commitments showing in profit right from the start.

>At long as a stock is acting right, and the market is right, do not be in a hurry to take profits.

>One should never permit speculative ventures to run into investments.

>The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride.

>Never buy a stock because it has had a big decline from its previous high.

>Never sell a stock because it seems high-priced.
probably nano right now

>I become a buyer as soon as a stock makes a new high on its movement after having had a normal reaction.

>Never average losses.

>The human side of every person is the greatest enemy of the average investor or speculator.

>Wishful thinking must be banished.
he's talking about you stinky linkies

>Big movements take time to develop.

>It is not good to be too curious about all the reasons behind price movements.

>It is much easier to watch a few than many.

>If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole.

>The leaders of today may not be the leaders of two years from now.

>Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend.

>Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket.

and I fucked up the formatting. ah well. you get the idea.

I'd like to add to that that every bullmarket as observed by Livermore has new stocks that are in favor. Ethereum in 2017 is a good example. These tend to fall out of favor with a new bull market aswell.

Leading stocks often give the general direction the whole market is going.

>Big movements take time to develop.

And that stocks that are in favor will often try to dominate the leading stock, again Ethereum and Bitcoin 2017

You mean the old guy who consistently made 100mm and proceeded to lose it all? No thanks

He didn't lose it all, he got super fucking rich on the crash and then shot his brains out in the bathroom

He an-heroe’d after losing everything for a 3rd time

He lost it all more as 6 times or something. He got really depressed after the crash and his wife left him because he was banging other woman. He left his sons and ex-wife tons of money.

It was for the best, he reincarnated as the legendary daytrader ‘cis’

/thread

>OP is literally a cum guzzling fucking faggot

Because kek rejected your digits

All good advice. Agree with all of it and im crypto rich.

Hmm he lost it all and came back? Maybe I can too :()

Why did he kill himself?

Oh, I believe him for the big coins. Mt Gox has a ton of Btc and Bch to finish dumping, as does the Ethereum ICO crowd. This aren't the only coins though, there's a lot of headwind but hold the right stack and you'll still be up. 2019 is retirement year hopefully.

Thats justs textbook insider trading

Rule 5 basically doesnt apply anymore. Were in the biggest bubble in history. And half dont apply to crypto

Rest in peace Mr. Gains

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His second wife killed his son, he lost his money again, never been able to come back(or didn't care) spent the rest of his life with a widow who was depressed herself.


You get the picture.

>Wishful thinking must be banished.
>he's talking about you stinky linkies

No, my friend. He's talking about you nanolets. Remember:
>Never buy a stock because it has had a big decline from its previous high.