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Jesse Livermore’s First Trade

The market went as Livermore expected, and he was able to sell the stock for a profit of $3.12. This small profit was enough to convince Livermore that he could make money in the stock market, and he began trading more aggressively.

Here are some additional details about Livermore’s first trades in bucket shops:

  • He started trading at the age of 15.
  • He used a small amount of capital, typically $100 or less.
  • He traded on margin, which allowed him to control a larger position with a smaller amount of money.
  • He was very good at reading the market and anticipating trends.
  • He made a profit on his first trade, and he continued to be successful for several years.
  • “I made my first trade in a bucket shop when I was fifteen years old. I had saved up five dollars, and I decided to bet it on a stock called Chicago, Burlington and Quincy Railroad. The stock was trading at ten dollars a share, so my bet was for one share.”

  • “I was very excited about my first trade. I had never done anything like it before, and I wasn’t sure what to expect. But I was confident that I would make money.”

  • “The market went my way, and I was able to sell the stock for a profit of three dollars and twelve cents. I was so excited that I couldn’t believe it. I had made money in the stock market!”

  • “My first trade was a turning point in my life. It gave me the confidence to trade more aggressively, and it taught me how to use leverage to my advantage. These lessons helped me become one of the most successful traders in history.”