JESSE L. LIVERMORE
An American stock trader who rose from a humble farming background. Throughout his trading career, Livermore was known for winning and losing several trades, as well as short selling especially during the stock market crashes in 1907 and 1929. He had no formal education or trading experience. But this self-made man focused on making money from the overall market directions, not on individual stocks.
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Concentration Ratio
Ratio indicating the relative size of companies in respect to their industry in general. Low concentration ratio denotes higher competition among t ...
Back-To-Back Letters Of Credit
Two letters of credit (LCs) utilized together to aid a merchant in financing the buying of services or equipment from a subcontractor. With the aut ...
Stock Market Crash of 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market pl ...
Z-Score
“Z-Score” is a statistical measurement showing the relationship of the score to the mean. It can be positive or negative, which means t ...
Premium
The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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