Jesse Livermore is known for his spectacular gains during the 1929 stock market crash. When others lost their shirts, he made a fortune. W.D. Gann is another trader who is known for his Gann Fans and Angles, still used in technical analysis today. Paul Johnson is a man who, like Jesse Livermore, made a fortune during a market collapse. Johnson’s gains came from credit default swaps he purchased prior to subprime mortgage crisis of 2008. Richard Dennis traded a variety of asset classes and is known for turning $1,600 into $200 million over a decade. Finally, David Tepper made huge gains with distressed securities.
What’s interesting to see is that some of these great traders went through losing periods. But, they’ve learned their lessons and retained their fortunes. It’s not only about making money, but also about keeping it.
When it comes to George Soros, he is a great speculator, but also an investor who ran a hedge fund for decades. We cover him in the Great Investors section together with the likes of Warren Buffet, Peter Lynch, Carl Icahn, John Templeton, and others.
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In this section, we present some of the best traders in the world, both past and present. Here, Jesse Livermore, W.D. Gann, Paul Johnson, Richard Dennis, and David Tepper are presented.
There's a lot to be learned from history's top traders