"King of Speculation" Jessie Fermor's highest level of trading: the inverted pyramid method of increasing positions "In 1907, he correctly judged the stock market crash and earned $3 million in one day. In order to save the market, the financier Morgan sent a special envoy to ask him not to short again, and he agreed; in 1921, during the economic recession and the stock market downturn, He entered the market to go long; in 1929, he accurately shorted before the big crash, earning $100 million an
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