Jesse Livermore was one of the greatest traders of all time.
At his peak in 1929, he was worth $100 million, which in today’s dollars equals anywhere from $1.5-13 billion. (And he did it without ultra-high- speed computers).
He was also famous for making and losing several multi-million-dollar fortunes. Two of those fortunes were made short selling the market crashes in 1907 and 1929.
One of his famous quotes is, “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”
You can learn a lot from a legendary trader’s experience.
Notice he said “it never was my thinking…”
In plain English, Jesse was saying, if you want to make big money don’t overthink the market.
But don’t worry. It happens to all of us and it’s the main reason most investors lose money.
You must remember, the markets are ALWAYS right. And when you learn how to LISTEN to them your winning percentages increase.
For those of you who own gold, the message of “sitting tight,” is more important today than ever.
I say that for several reasons:
Gold is coming off a down cycle of nearly 7 years.
The boyz in the “Club” don’t want you to own it.
Many people are selling their gold to buy “bitcoin.”
That’s a huge mistake.
Our January newsletter Simplifying Wall Street in Plain English explains why you need to buy Gold and Silver NOW.
And once you own it, be like Jesse and “sit tight.”
Get your copy (HERE)
You’ll thank us later.
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