Jesse Livermore once again threw himself into the stock market and, with the experience gained from his previous attempts, Jesse Livermore earned his first $50,000!
However, it was at this time that Jesse Livermore had a new idea. He believed that the stock market couldn't possibly keep rising indefinitely; there would always be an end.
So Jesse Livermore began to move into short selling, but with any new system, there was always an adjustment process.
And so, Jesse Livermore's $50,000 became tuition fees once again.
What really made Jesse Livermore famous on Wall Street was in 1906 when he set his sights on the then-hot railroad stocks, specifically the stocks of the Union Pacific Railroad Company!
In just six days, Jesse Livermore had made $250,000 by short selling the stocks of the Union Pacific Railroad Company!
Next up was the St. Paul Railroad Company...
In a very short period of time, Jesse Livermore's net worth had reached $3 million.
