Jesse Livermore: Making a fortune, then losing it

Jesse Livermore's story raises an important question: Is making money harder than keeping it?

Jesse Livermore became one of history's most famous speculators. His trades during major market declines made him legendary, but his career also included repeated financial losses and bankruptcy.

His story highlights a distinction that traders sometimes overlook: identifying a good opportunity and managing risk consistently are two different skills.

Discussion: Can a trader have a strong market-reading ability but still fail because of position sizing, leverage, or psychology? Which of these risks do you think is the hardest to control?

What would you prioritize if you wanted to build a trading career that lasted decades?