Livermore learned early on to trust his instincts as witnessed by his spectacular short on Union Pacific stock right before the earthquake of 1906.As his peers were greedily buying it on margin,his gut told him to go short,and short it he did...Accounts vary as to his final take,but it is estimated between 300k-3 million in 1906 dollars:)
We only pass through these earthly portals once,and we are not here for a long time.Therefore,it should be a good time :)