Threadguy tells the insane story of legendary trader Jesse Livermore who made $1,600,000,000 before losing it all “Started at age 14 in 1891. In six years, he turns $187 into $336,000. Three years later he's down to $85K and then the same year, he's up $1,600,000” “So from 14 to 23, he turns 100 bucks into $1,700,000. He loses all of it the next year. He's in debt $16K by the time he's 24” “By the time he's 29, he's up to $3.1M. Same year, he's up $12.4M and then he zeroes out. So at 29 he's up $12.5M and then he's at zero in the same year” “When Jesse Livermore is 30 he turns zero into $12M. $12M into $90M. The next year he turns $90M into $156M” “By age 37 he's in debt $28M. Think about that. He's up $150M. By 37 he's in debt $28M” “He gets out of debt and in the green $4M by the time he's 38. By the time he's 40, he turned in two years $4M into $77M. Into $115M, back to $77M” “Age 41, he's up $175M. Five years later, age 46, he's up $329M. Age 48, he's up $481M” “At 49, he loses $400M. He’s still up $80M though. By 50, he's up $145M. 52, he’s up $115M. Then $250M. Then $147M. Then $328M. Then back to $500,000,000” “That same year at age 52 he turns $500M into $1.6B. He's up 10 figs” “That year was 1929. Is that enough to retire $1.6B? Jesse Livermore decided no at 52” “Over the next five years, Jesse Livermore somehow figured out a way to turn $1.6B to -$100M” “Over the next three years, after being up $1B and now down nine figs, he finds out a way to claw out from -$104M to +$15M. He's green. He's 60 years old” “He's made it all, lost it all, made it all again, lost it all again, made it all again” “At 60 years old, he's up $15.6M. Beyond enough to retire, live out the rest of your days, generational wealth, grandkids, everybody's good forever” “Over the next three years, the last three years of his life, Jesse Livermore goes from plus $15M to -$7M and that's it. Widely regarded as the greatest trader of all time or at least the most iconic”