Bucket shop (stock market)
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A bucket shop is a business that allows gambling based on the prices of stocks or commodities. A 1906 U.S. Supreme Court ruling defined a bucket shop as "an establishment, nominally for the transactio
A scene from a bucket shop in 1892.
A scene from Through Hell with Hiprah Hunt, Art Young's 1901 retelling of Dante's Inferno: "Peering down the jaws of a deep pit he sees the souls of the bucket-shop gamblers."
Jesse Livermore
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Jesse Lauriston Livermore was an American stock trader. He is considered a pioneer of day trading and was the basis for the main character of Reminiscences of a Stock Operator, a best-selling book by
Bucket shop (stock market)
…the surprising effect of favoring competing exchanges, and was abandoned within days. Edwin Lefèvre, who is believed to have been writing on behalf of Jesse Lauriston Livermore, described the operations of bucket shops in the 1890s in detail. The terms of trade varied among bucket shops, but they typically offered margin trading…
Livermore in 1940
Livermore, c. 1923