Learn from the Richest Traders | Traders Trust (2024)

FAQs

How much did Jesse Livermore make? ›

Key Takeaways. Jesse Livermore was a stock trader that amassed a huge fortune worth $100 million ($1.5 billion in today's money) at his peak in 1929. Livermore traded on his own, using his own funds, his own system, and not trading anyone else's capital.

On average, day traders with $10,000 accounts can make $200-$600 per day, with skilled traders aiming for 2%-5% returns daily. So, it is possible to achieve a daily profit of $200 to $600 with a $10,000 account.

Soros is widely recognized for his exceptional skills in forex trading, yet his prowess in investment stretches significantly beyond the realm of currency markets.

George Soros

This feat cemented his reputation as the "man who broke the Bank of England" and solidified his status as a forex trading legend. Soros' net worth is estimated to be around $8 billion, making him one of the wealthiest individuals in the world.

How much money did Jesse Pinkman have at the end? - Quora. At the end of El Camino, Jesse had more than $230k in cash and a 1988 Toyota Land Cruiser (the movie is set in 2010). When Skinny Pete asks Jesse if he has any cash, Jesse says no. He and Badger then give Jesse approximately $8,000 in cash.

Jesse Lauriston Livermore (July 26, 1877 – November 28, 1940) was an American stock trader. He is considered a pioneer of day trading and was the basis for the main character of Reminiscences of a Stock Operator, a best-selling book by Edwin Lefèvre.

It is not a hard and fast rule, but rather a guideline that has been observed by many traders over the years. The logic behind this rule is that if the market has not reversed by 11 am EST, it is less likely to experience a significant trend reversal during the remainder of the trading day.

A common approach for new day traders is to start with a goal of $200 per day and work up to $800-$1000 over time. Small winners are better than home runs because it forces you to stay on your plan and use discipline. Sure, you'll hit a big winner every now and then, but consistency is the real key to day trading.

He does not “FOCUS” on Forex or Derivatives, although he may dabble here and there. More specifically he does not like gold, or other “assets” that are dependent on what someone is willing to pay- which I think has a lot in common with Forex.

What is the Soros method? ›

The “reflexivity” theory: Reflexivity is the cornerstone of Soros' investment strategy. It's a unique method that values assets by relying on market feedback to gauge how the rest of the market is valuing assets. Soros uses reflexivity to predict market bubbles and other market opportunities.

By those standards, the five jobs with the most millionaires are engineer, accountant, teacher, people in management, and lawyer. Doctor is sixth. They make a lot of money, but also spend a lot.

The defining feature of day trading is that traders do not hold positions overnight; instead, they seek to profit from short-term price movements occurring during the trading session.It can be considered one of the most profitable trading methods available to investors.

His successful short selling, especially before the market crashes of 1907 and 1929, was widely recognized. These achievements contributed to Livermore becoming one of Wall Street's most iconic figures. It's reported that he made over $100 million during the 1929 crash alone.

Probably the greatest single trade in history occurred in the early 1990s when George Soros shorted the British Pound, making over $1 billion on the trade. Most of the greatest trades in history are highly leveraged, currency exploitation trades.