Jesse Livermore
'Ride the trend — and cut yourself first when it turns.'
Estimated type
This is a hypothesis estimate, and may differ from how the figure would self-assess.
Across the four axes
- Risk appetite (R/P)Large single-direction macro bets in every major crisis. R dominates.
- Signal style (D/I)Tape, volume and price-action analysis. D lean.
- Time horizon (L/S)Trend following — typically weeks to months. S lean.
- Allocation (C/A)Heavy concentration in a single trend. C strong.
Public statements / observable patterns
We cite publicly stated views or externally observable behaviour.
"There is nothing new on Wall Street… markets are always right."
Reminiscences of a Stock Operator · 1923
Made an estimated hundreds of millions (1929 dollars) shorting the 1929 crash.
Time Magazine · 1929
Alternative interpretations
- ·Late-life failures suggest treating him as a cautionary tale of 'RDSC who broke his own rules' rather than an aspirational template.
- ·Macro crisis bets lean RDLC at times.
This page is a hypothesis analysis based on publicly stated views and observed patterns (real people) or canonical portrayal (fictional characters). The estimated code is our 'closest fit within our 16-type framework' rather than a definitive label, and may differ from how the figure would self-assess.
Similar personas
When there isn't a single right answer, nearby types are worth a look.
Frequently asked questions
- Can I copy Livermore?
- He invented trend-following and broke his own rules into bankruptcy. The RDSC retail guide explicitly emphasises 'rules + journal + auto-separation' to avoid that path.