EDWIN LEFEVRE REMINISCENCES OF A STOCK OPERATOR PDF

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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Always sell what shows you a loss and keep what shows you a profit. Livermore tells the reader that quick profits in the market are a fairy tale.

It is also a nostalgic trip to the good old times of pre-SEC markets, of the unprecedented rise of American industry, of names like Kuhn-Loeb-Harriman or Bethlehem Steel, of days when Livermore could note that the capitalisation of US Steel exceeded the size of the entire government debt – well, good times.

The markets at the time weren’t for the faint hearted, especially if you used to trade with the kind of aggressiveness that Mr. They beat themselves, because though they have brains they cannot sit tight.

It was the change in my own attitude that was of supreme importance to me. If you like books and love to build cool products, we may be looking for you. It is a refreshing tour of the markets at the turn of the last century.

And when a millionaire is right his money is merely one of his several servants. He does not wish to work. This is a great book suitable for those who are either experienced or not experienced ,which wish to venture into the financial w “To be the best, you must learn from the best” and sure it seems like I operattor really learned from the best through reading this book.

It does not take a reasonably young and normal man very long to reminisceces the habit of being poor. I actually enjoyed some chapters of the classic Techni Yeah, I know.

Losing money is the least of my troubles. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

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Jesse Livermore was one of the sgock infamous ‘stock operators’ who ever lived. Every other line would make so much sense to me 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 position in the market inthe start of the Great Depression.

And as I was reading, it felt as I was talking to my pal who’s just gone through the same things. To see what your friends thought of this book, please sign up. Everything focuses on the markets, and how the narrator interacts with the markets. Along the way, Livermore learns many lessons, which he happily shares with the reader. No trivia or quizzes yet. Given that this book is primarily an account of his numerous failures, contradictions, and his total inability to ever enjoy a vacation with his endlessly acquired, and then destroyed fortunes, the only thing I’m left confused by is why any sane human in their right mind would ever read this book as investment advice, which it seems that a good many confused people have.

I had a slight interest in stocks and trading before I read this and then got even more interested. For those who don’t know, Reminiscences is somewhat of a “trading biography” of Jesse Livermore – one of the best traders of all time – published in You cannot prevent people from guessing wrong no matter how able or how experienced they may be.

What’s remarkable is tha Numerous newsletters and authors have urged me to read this book. Your business with the tape is now – not tomorrow! When he missed, he got wiped out.

Reminiscences of a Stock Operator – Wikipedia

There is a reason—an unknown reason but a good reason; therefore get out. I had learned a great deal about the game of stock speculation, but I had not learned quite so much about the play of human weaknesses. I actually enjoyed some chapters of the classic Technical Analysis of Stock Trends a few years ago. But what the dickens does that matter? The reason can wait. In this book, Livermore gives us his trading tips and experiences.

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View all 7 comments. I was amazed at the similarities between the tactics that Livermore describes using, and the tactics that George Soros describes in The Alchemy of Finance Reading the Mind of the Market. He gets so successful that he has to rotat A fascinating look at stock trader Jessie Livermore, a self-made speculator who made and lost fortunes repeatedly in the early s, before the advent of the Great Depression and securities regulations no accident, I might add.

A stock operator has to fight a lot expensive enemies within himself.

Reminiscences of a Stock Operator

And that is precisely what beats so many men on Wall Dtock who are very far from being in the main sucker class. He really meant to tell them that the big money was not in individual fluctuations but in the main movements – that is not in reading the tape but in stick up the entire market and its trend.

It’s regrettable that this biography did not detail the end of Livermore’s life, where he finally shot himself in the head, a deeply depressed and unhappy man. 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. It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind.

And their experience invariably matched mine–that is, they made no reminniscences money out of it. Oc have been enamored with Wall Street since I was a high school kid, not necessarily exclusively for the profit potential although that is surely a major motivator, but more with the observation of the psychology of the marketplace.

The bucket shop never actually executed the trade.