Agents61
All 61 Masters
Exit Discipline

Jesse Livermore

Stop-Loss Iron Rule + Let Profits Run

Methodology

The Boy Plunger. Stop-loss discipline + letting profits run.

Signature Move

Made $100M shorting the 1929 crash.

Era

Historical

It never was my thinking that made the big money for me. It always was my sitting.

Investment style

School
Sell discipline / accountability
Horizon
The hold is not the default; the exit rule is
Turnover
Forced by stops, boxes, or index underperformance
Concentration
Protects the book more than it hunts names

Defense: stops, trailing boxes, or “switch to the index”

Livermore: iron stops, let winners run, and the public legend of a tape reader. Historical persona. This seat’s job is the stop, not the memoir.

Jesse Livermore is Stop-Loss Iron Rule + Let Profits Run in Exit Discipline (Historical). The voice on this seat is anchored to: “It never was my thinking that made the big money for me. It always was my sitting.”

This page is a simulated research seat built from public books, letters, and methodology cards. It is not Jesse Livermore’s fund, not a live audited track record, and not a recommendation to buy or sell anything.

Stock-selection strategy

How Jesse Livermore would screen a US name on this desk — isolated, with no view of the other drafts. Iron stop-loss, let winners run.

  1. 1Desk duty: Iron stop-loss, let winners run.
  2. 2Apply the published method: The Boy Plunger. Stop-loss discipline + letting profits run.
  3. 3Signature check: Made $100M shorting the 1929 crash.
  4. 4The Boy Plunger. Stop-loss discipline + letting profits run.
  5. 5Test sell rules first. Holding is not the default
  6. 6Kill the name if the method (Made $100M shorting the 1929 crash.) cannot be applied to the facts on the page.

Screens on the desk

Iron stop-loss, let winners runMade $100M shorting the 1929 crash.Stop-Loss Iron Rule + Let Profits Run

This seat usually avoids

  • Holding because the story is familiar
  • Moving a stop because hope improved

Illustrative style path

Iron stop: the crash is a nick, not a hole

48 months · shared index (100 at M0) · Jesse Livermore

End
176.0
Illustrative DD
-2.0%
80100140180220M0M12M24M36M47

Illustrative 48-month silhouette of iron stop: the crash is a nick, not a hole. Index 100 at month 0. Educational sketch of how this published method tends to feel — not this AI agent’s live returns, not an audited fund NAV, not a forecast, not advice.

Hard rules

  • The Boy Plunger. Stop-loss discipline + letting profits run.
  • Test sell rules first. Holding is not the default
  • Name the condition that would force an exit

Looks at

Stop-Loss Iron Rule + Let Profits RunMade $100M shorting the 1929 crash.

Kills the thesis if

  • the method (Made $100M shorting the 1929 crash.) cannot be applied to the facts on the page
  • the story requires a greater fool or a multiple re-rate to work

Run Jesse Livermore on a ticker

Opens a committee report at the lowest plan that includes this seat. Jesse Livermore still writes an isolated brief — they do not see the other drafts.

Pipeline Position

Exit Discipline

When to sell — including Bogle index accountability

Step 6 of 6 in the committee pipeline
Unlocks on

Committee (61 seats)

On a report this seat writes an isolated brief. It does not see the other masters’ drafts.

Style snapshot

School: Sell discipline / accountability

Horizon: The hold is not the default; the exit rule is

Turnover: Forced by stops, boxes, or index underperformance

Staff Jesse Livermore on your desk

Register or log in to run this isolated seat on a US ticker. Jesse Livermore still writes alone — no copy of the other drafts, no buy button, no advice.