First published in , “Reminiscences of a Stock Operator” is the most widely read, highly recommended investment book ever. Generations of readers have. And thanks to American journalist Edwin Lefevre’s Reminiscences of a Stock Operator, a work of “fiction” that is in fact a thinly veiled biography. The Paperback of the Reminiscences of a Stock Operator by Edwin Lefevre at Barnes & Noble. FREE Shipping on $ or more!.

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For example, insider trading was rife before the Great Depression and many of the best stocks were locked up by insiders or groups.

I should have read this book a long time ago. Livermore was an active trader on the NY Stock Exchange for 40 years, and during that time he made and lost 4 different multi-million dollar fortunes.

Broke again and incapable of assuming the offensive vigorously. Written by Edwin Lefevre, a business writer of the era, it is actually the story of Jesse Livermore, one of the greatest stock traders of all time. One can learn and have fun. When the tape told him something, he was all in, fully margined. As with many memoirs, the beginning is the most electric, and has the most personal interest.

Tip-takers are all they really are. Rather, it is a very abstract book of advice on how to be a disciplined trader. There is no need to feel anger over being human.

Reminiscences of a Stock Operator – Wikipedia

Just a moment while we sign you in to your Goodreads account. A man has to have experience and he has reminiscehces pay for it. Perhaps this should not be surprising, when you realize none of the original companies in the Dow Jones Industrials are still there.

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If you do not have a good understanding of stock and commodity trading then you will probably not understand this book, since the author uses trading terminology all the time without defining his terms.

ByLivermore had lost the whole sum. This book is a marvel.

Livermore tells opeator reader that quick profits in the market are a fairy tale. Reads like a first person novel. I really enjoyed learning how large blocks of stock are traded and being reminded that large blocks of stock are best sold I liked operatkr book. The game of beating the market exclusively interested me from ten until three every day, and after three, the game of living my life. That is why the numerical formations and patterns recur on a constant basis.

I enjoyed it thoroughly and finished reading it in February while walking down the I had a slight interest in stocks and trading before I read this and then got even more interested. The average chart reader, however, is apt to become obsessed with the notion that the dips and peaks and primary and secondary movements reminicsences all there is to stock speculation.

Jesse would be broke and earn millions multiple times by then, even though he would become more famous by making a killing with a huge short exwin in the market inthe start of the Great Depression. Even though it got dry at some parts in the middle of the book, I truly enjoyed it. Perhaps most importantly, the story really shows how empty the life of speculation is.

Reminiscences of a Stock Operator

That character was a remarkable man. It doesn’t go into explanations. InLivermore’s attempt to corner the post WWI cotton market caused President Wilson to invite him to the White House to try to persuade him to remove his corner for the sake of the struggling post-war economy.

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He remembered all the numbers every day, he said, and could predict patterns, which was his system. It has always seemed to me, however, that I might have learned my lessons quite as well if the cost had been only one million. This is a great book, expertly written, that takes you inside the mind of stock speculator Larry Livingston AKA Jesse Livermorewho made and lost fortunes in the stock market in the early s.

I never argue with the tape. During the great crash of OctoberLivermore made his first million dollars in the market, taking a short position that was so large that JP Morgan himself asked Livermore to stop shorting stocks for the sake of the market.

But you must act instantly or be left. Livermore was an active trader on the NY Stock Exchange for 40 years, a This book is one of the premier works about the trading of stocks and commodities. Speculation is a hard and trying business, and a speculator must be on the job all the time or he’ll soon have no job to be on. Open Preview See a Problem?