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Today We Honor The 71st Anniversary Of Jesse Livermore’s Death With Videos, Free Books & A Massive 50% Off Sale

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Written by Timothy Sykes
Updated 2/2/2021 9 min read

Before I get to who Jesse Livermore was and some great videos on him:

Jesse Livermore
Jesse Livermore

…I’m proud to announce we’re offering even more Thanksgiving deals and the sale will last right up until the end of the month at midnight EST on November 30th.

After all, it’s been a VERY good year for subscribers of my 4 students and I as we’re all up roughly 50% this year, with PennyStocking Silver subscribers earning and posting nearly $1 million in profits as you can see HERE and TIMalert subscribers earning their own $1 million in 2011 as you can see HERE

So here’s a full list of my special Thanksgiving weekend sale, good until the end of the month of November aka roughly 72 hours form when this blog post gets published:

1. The new newsletter added to this Thanksgiving sale issssssss:

30% off any of the annual plans for Lucci Alerts who is a millionaire options trader, please use the coupon code TURKEY30 right HERE

2. As previously wrote about HERE, my new 6-hour options basics DVD featuring two veteran options traders starts shipping in the next few days, save 50% by pre-ordering HERE and pay just $397 + shipping (regular price is $797 aka save $400)

3. And as previously posted, Special 30% off annual plans https://tim.ly/t2dU4b & https://tim.ly/sXtI8i &https://tim.ly/vNlWYG using coupon code TURKEY30 and since there’s been some confusion on this, allow me to spell it out:

30% off the annual plans for BuyinAlerts when you use the coupon code TURKEY30 right HERE

30% off the annual plans for TIMalerts or PennyStocking Silver when you use the coupon code TURKEY30 HERE

30% off the annual plans for Profitly premium features HERE using coupon code TURKEY30

These coupon codes will only work on annual plans, not monthlies as we want to reward those committed to learning, not the fly-by-nighters who think they can learn everything in just a few weeks and thus save some money…your flawed education will cost you many thousands, if not tens or hundreds of thousands of dollars, do not skimp on education and obviously our prices are so reasonable ALL of these tools can be paid for by one good trade…or helping you avoid one bad trade.

4. The new DVDs which we’re going to have a 50% off special on for a few days:

Pay just $397 for the 2010 Vegas conference entitled “The New Rules Of PennyStocking”, normally priced at $797, savings of $400…see some reviews of that conference and understand why you definitely need the knowledge in this DVD

Pay just $199 for your choice of PennyStocking or PennyStocking Part Deux….regularly these are my two most popular DVDs which retail for $397 and $497, so you can save $200-400 depending if you order one or both…after you order, just email us here and let us know which one/s you would like…read nearly 100 reviews of these DVDS HERE and HERE

Pay just $797, normally priced at $1597, for the massive 12-hour How To Trade Biotech Stocks DVD whose details you can see HERE, pay the full $1597 and we’ll rebate you $800 so you pay just $797 + shipping, saving $800 (after you order and pay the full amount, shoot us an email HERE and we’ll rebate you $800 ASAP…sorry our programmer is out today so we can’t do a special coupon code, but we want you to get these savings!)…watch a clip:

5. Last but certainly not least, when you pre-order HERE, you save 50% off, or $500, my 17-hour Vegas conference DVD package entitled PennyStocking Framework in which I unveiled my key 7-step framework for trading pump and dumps which helped me predict not one but two 50% gainers inside of a week and led to $4,000+ profits like this:

$1,547profitRAYSShort Stock
Perfect execution using @timothysykes 7 step framework! Up $4k on $RAYS

Posted by thehonestcroock /
https://profit.ly/1MmdbC

PennyStocking Framework In Action
PennyStocking Framework In Action

…and once you pre-order PennyStocking Framework HERE paying just $397, saving $400, we will also begin shipping it in the next few days, so you won’t have to wait very long.

And now we remember one of the greatest fallen traders who came before us…

Most Trading Challenge students and PennyStocking Silver subscribers have little idea who Jesse Livermore is and that’s just sad…when I wrote this blog post on him, people literally had no idea who this guy was…after all, it’s one of my life’s goals to make a movie about him so EVERYONE will know who he was.

You can see Livermore’s Wikipedia page which is made impressive by this simple phrase: “During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes.”

Mind you $100 million in 1929 was worth roughly $1 billion and so he lived life on a grand scale as denoted here:

Patricia Livermore, Jesse Livermore’s daughter-in-law gave a fascinating interview in 1990 for a documentary about the crash of 1929. Here’s part of what she said about the Livermore lifestyle:

“They had a beautiful place on 76th Street in Manhattan on the West Side, off Central Park. They had a floor at 813 Fifth Avenue because Dorothea did not like to go to the West Side to change her clothes. They had a house in Great Neck. They had a summer house in Lake Placid. They had a house in Palm Beach. They had a private railroad car, two yachts. The only yacht that was bigger was J. P. Morgan’s. And they used one of them, the big one, very frequently when they went to Europe. They lived very comfortably…

Jesse Livermore had a ticker tape in every home that he owned, on his railway cars, on his yachts… They had several Rolls Royces, lots of chauffeurs. They had a staff of about 20 or 25 and in each place, in each house, see, and with the exception of Dorothea’s personal maid, they did not take their staffs with them. They simply kept them year-round in all their establishments…

Oh, they lived. They really lived… Mrs. Livermore was a spender. And, of course, she loved to buy. She spent her days buying and buying and buying…”

Huge inspiration to live comfortably off your trading gains (he was a notorious short seller like me, however back then were no stock market rules so he made a ton off manipulating stocks) and especially lessons on who to marry…or rather who not to marry 🙂

You should definitely read my favorite book of all-time, Reminiscences Of A Stock Operator, which has nearly 100 reviews here and is based loosely on his life or read the more-factually accurate Jesse Livermore: World’s Greatest Stock Trader, to get a sense of the man who many call the greatest trader who ever lived…

I was and forever will be extremely honored that my book An American Hedge Fund has been compared to Reminiscences of A Stock Operator as I wrote it in the same style specifically because that book inspired me so much and I couldn’t think of any recent trading books that had a similar effect.

…and begin to understand why I spent nearly $18,000 on one of the only copies in the world to be autographed first edition of his book “How To Trade In Stocks” and made this video:

I HIGHLY encourage you read this book, you can read it HERE for free and you can read Chapter 1 of Reminiscences of a Stock Operator for free HERE

Here’s a quality article about how Jesse Livermore committed suicide, offering perhaps the greatest lesson of all to traders…I was going to do a video clip at the Sherry Netherland Hotel and re-enact his suicide with blanks, but I’m just too busy, so it’ll have to wait for the future.

Here’s another decent video on Livermore’s life along with some of his famous trading quotes:


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Author card Timothy Sykes picture

Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity.
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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”