투자의 원칙(제시 리버모어)

제시 리버모어(Jesse Livermore)는 20세기 초 주식 시장에서 활동하며 큰 성공과 실패를 경험한 전설적인 투자자로, 그의 투자 원칙은 오늘날에도 많은 투자자들에게 영감을 주고 있습니다. 그의 주요 투자 철학과 원칙을 요약하면 다음과 같습니다:

 제시 리버모어의 주요 투자 원칙

1. 시장 추세에 따라 투자하라 (Follow the Market Trend)  
   - 리버모어는 시장의 흐름을 읽고 이에 따라 행동하는 것을 강조했습니다. 상승장에서는 매수하고, 하락장에서는 매도하거나 공매도를 통해 수익을 추구했습니다[1][4][7].  
   - 시장의 큰 흐름을 파악하고 그에 맞춰 전략을 세우는 것이 중요하다고 보았습니다.

2. 손절매의 중요성 (Cut Losses Quickly)  
   - 손실이 발생했을 때 이를 빠르게 제한하는 것을 중시했습니다. 그는 손실이 커지기 전에 포지션을 청산하여 자본을 보호해야 한다고 주장했습니다[2][4][11].  
   - 일반적으로 손실률 10%를 기준으로 설정하고 이를 철저히 지켰습니다[10][11].

3. 피라미딩 전략 (Pyramiding)  
   - 성공적인 포지션에 대해 추가 매수를 통해 수익을 극대화하는 전략을 사용했습니다. 이는 초기 위험을 줄이고, 수익이 확정된 상태에서 자금을 추가로 투입하는 방식입니다[5][7][19].

4. 인내심과 타이밍 (Patience and Timing)  
   - 리버모어는 충동적인 거래를 피하고, 확신이 서는 기회를 기다리며 거래를 실행해야 한다고 강조했습니다. 그는 "큰 돈은 사고파는 것이 아니라 기다림에서 나온다"고 말하며 인내심의 중요성을 설파했습니다[2][6].

5. 시장 소음 무시 (Ignore Market Noise)  
   - 외부 정보나 소문에 휘둘리지 않고 자신의 분석과 전략에 따라 거래를 결정해야 한다고 보았습니다[4][6].  
   - 특히, 내부자 정보에 의존하지 말고 시장 데이터를 기반으로 판단할 것을 권장했습니다.

6. 자금 관리와 분산 투자 (Capital Management and Diversification)  
   - 리버모어는 자본 보호를 최우선으로 하며, 한 번에 모든 자금을 투자하지 않고 분산 투자를 통해 위험을 관리했습니다[4][11].  
   - 또한, 수익의 일정 비율(예: 50%)을 저축하여 재투자할 자금을 확보하라고 조언했습니다[1][27].

7. 감정 통제 (Control Emotions)  
   - 탐욕이나 공포와 같은 감정이 잘못된 결정을 유발할 수 있으므로 이를 통제해야 한다고 강조했습니다[4][7].  
   - 그는 "시장 참여자들은 자신 때문에 실패한다"고 말하며, 심리적 안정성을 유지하는 것이 중요하다고 보았습니다.

8. 시장 전환점 활용 (Recognize Pivotal Points)  
   - 시장의 전환점을 식별하고 이를 기반으로 거래 시점을 결정하는 것이 핵심이라고 보았습니다. 이는 기술적 분석과 가격 패턴을 통해 가능하다고 설명했습니다[13][14].

9. 주도주에 집중하라 (Focus on Leading Stocks)  
   - 경제와 산업 트렌드를 선도하는 주도주에 투자하는 것이 더 높은 수익률을 기대할 수 있다고 보았습니다[1][11].  

10. 지속적인 학습과 자기 계발  
    - 리버모어는 스스로 공부하고 경험에서 배우며 지속적으로 자신의 전략을 개선해 나갔습니다. 그는 "돈 버는 방법은 스스로 공부하고 고민해서 판단하는 것"이라고 강조했습니다[1][3].

 현대 투자자들에게 주는 교훈
리버모어의 원칙은 단순히 과거의 교훈에 머무르지 않고, 오늘날에도 유효한 전략으로 평가받고 있습니다. 그의 철학은 시장 추세를 따르고, 손실을 제한하며, 감정을 통제하는 데 중점을 둡니다. 이러한 원칙들은 현대 투자자들에게도 중요한 지침이 될 수 있습니다.

Citations:
[1] https://brunch.co.kr/%40seungwhanlee83/35
[2] https://pictureperfectportfolios.com/how-to-invest-like-jesse-livermore-20th-century-stock-trader/
[3] https://honasin12.tistory.com/entry/%EC%A0%9C%EC%8B%9C-%EB%A6%AC%EB%B2%84%EB%AA%A8%EC%96%B4%EC%9D%98-%EC%A3%BC%EC%8B%9D%ED%88%AC%EC%9E%90-%EB%B0%94%EC%9D%B4%EB%B8%94-%EC%B4%88%EB%B3%B4%EC%9E%90%EB%A5%BC-%EC%9C%84%ED%95%9C-%ED%88%AC%EC%9E%90-%EC%A7%80%EC%B9%A8%EC%84%9C
[4] https://nathan-90.tistory.com/362
[5] https://daishinblog.tistory.com/738
[6] https://www.michael-burry.com/jesse-livermore/
[7] https://cklee88.tistory.com/13
[8] https://www.investopedia.com/articles/trading/09/legendary-trader-jesse-livermore.asp
[9] https://series.naver.com/ebook/detail.series?productNo=367687
[10] https://blog.naver.com/raincats/222915032409
[11] https://www.moomoo.com/au/learn/detail-trade-like-jesse-livermore-55169-220762039
[12] https://www.yes24.com/Product/Search?query=%25EC%25A0%259C%25EC%258B%259C%2520%25EB%25A6%25AC%25EB%25B2%2584%25EB%25AA%25A8%25EC%2596%25B4%2520%25ED%2588%25AC%25EC%259E%2590%25EC%259D%2598%2520%25EC%259B%2590%25EC%25B9%2599&domain=BLOG_REVIEW
[13] https://lilys.ai/notes/239569
[14] https://greaterwaves.com/exploring-jesse-livermore-strategy-today/
[15] https://e-book.seocholib.or.kr/content/detail?id=4808960600454&contentType=EB
[16] https://product.kyobobook.co.kr/detail/S000061777482
[17] https://tradingcenter.org/index.php/learn/trading-tips/330-jesse-livermore
[18] https://blog.naver.com/yminsong/221112987837
[19] https://kakaobankcontent.com/bank-story/contents/96
[20] https://www.litefinance.org/blog/for-investors/investment-tips-by-jesse-livermore-for-trading-forex-and-stocks/
[21] https://blog.naver.com/windells77/221493438353
[22] https://blog.naver.com/mysites/221927245408
[23] http://www.epubple.com/home/home.page;jsessionid=DDB00BE3576C892093B64B3224F1A1DF?cmd=home-book-view&book_id=7023
[24] https://steemit.com/coinkorea/@phuzion7/23-jesse-livermore-trading-rules
[25] https://finance.wayful.com/2019/01/How-to-trade-Jesse-Livermore.html
[26] https://blog.naver.com/kkj6856/221211080785
[27] https://news.futunn.com/en/post/30752433/the-king-of-speculation-jesse-livermore-s-five-principles-of
[28] https://blog.naver.com/demiamin1/221734630550?viewType=pc
[29] https://myrichlife.tistory.com/473
[30] https://www.investopedia.com/articles/trading/09/legendary-trader-jesse-livermore.asp
[31] https://store.kyobobook.co.kr/person/detail/2000483101
[32] https://www.youtube.com/watch?v=6Kc_Ib5D_tQ
[33] https://www.moomoo.com/us/learn/detail-trade-like-jesse-livermore-55169-220762039
[34] https://brunch.co.kr/%40zoolin2/24
[35]https://honasin12.tistory.com/entry/%EC%A0%9C%EC%8B%9C-%EB%A6%AC%EB%B2%84%EB%AA%A8%EC%96%B4%EC%9D%98-%EC%A3%BC%EC%8B%9D%ED%88%AC%EC%9E%90-%EB%B0%94%EC%9D%B4%EB%B8%94-%EC%B4%88%EB%B3%B4%EC%9E%90%EB%A5%BC-%EC%9C%84%ED%95%9C-%ED%88%AC%EC%9E%90-%EC%A7%80%EC%B9%A8%EC%84%9C