Editorial Reviews. From the Inside Flap. Reminiscences of a Stock Operator is the fictionalized Jesse Livermore won and lost tens of millions of dollars playingthe stock and commodities markets during the early s, at onepoint making ten. Reminiscences of a Stock Operator, by Edwin Lefevre, is a classic investing Which is really a depiction of Jesse Livermore, one of the most. Reminiscences of a Stock Operator has ratings and reviews. Jesse Livermore was one of the most infamous ‘stock operators’ who ever lived.

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Reminiscences of a Stock Operator – Wikipedia

For one thing, the automatic closing out of your trade when the margin reached the exhaustion point was the best kind of stop-loss order. I harp on this topic so much to show what I had to go through before I got to where I could really make money. That is why the numerical formations and patterns recur on a constant basis. His powers were Jesse and Dorothy March 3,looking dapper at a costume ball at their mansion “Evermore.

I didn’t keep on trading the way I did through stubbornness. Go in that way. He tracks stock movements and does not concern himself all that much with actual market fundamentals.

He isn’t satisfied until he gets it. He told me he livermorf I’d make a lot of money and hoped I’d come in often.

Jesse Livermore: 10 Investing Lessons From Reminiscences Of A Stock Operator

Or is that another Walls Street con? This version is richly illustrated with black and white cartoons in the Saturday Evening Post style, that is, humorous and wickedly ironic. When I think stocks will go up, I buy.

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Bucket shops in those days seldom lay down on their customers. Then yeh come in, and in two days yeh cop more than I get out of the three hundred in two weeks.

And the explanation of those mechanics showed me, reminisccences the first time, how it might still be possible though much more sophisticated nowadays. Everybody knew that the way to do that was to take profits and buy back your stocks on reactions.

It clings very closely to the trade of a speculator, and barely touches on any personal life. It chronicles the life of one of the most legendary stock traders. We learned afterward that one of the oivermore saw us talking together outside and went in and told the office, and when my friend went up to the order clerk to sell that hundred St. I was introduced to old McDevitt. When he tried it at a real New York brokerage, he lost. I was watching the clock.

We stayed overnight in New Haven and the next morning found us at the hospitable shop at five minutes to ten. It wasn’t as big a place as Dolan’s, but the fixtures were nicer and evidently the crowd was of a better class.

Reminiscences of a Stock Operator Quotes

He had been suffering from depression and in his suicide note he describes his life as a “failure”. The Wiley Investment Classic Version. I didn’t ask the tape why when I was fourteen, and I don’t ask it to-day, at forty. They say there are two sides to everything. I suppose the biggest plus a This is only the second book that I’ve read about Stock Market speculationbut I’m pretty sure that it’ll be hard to find any better.

Full text of “Jesse Livermore Reminiscences Of A Stock Operator”

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. Whatever happens in the stock market to-day has happened before and will happen again. People still accuse some online licermore houses of working the same way. You get the whole story. I can’t imagine anyone doing a better annotation to Lefevre’s classic work.


I suppose the biggest plus about this book is that these principles aren’t discussed in a dry, theoretical fashion, but instead, delivered through a reminiscebces of entertaining experiences recounted by the narrator. I asked the senior partner, who stcok in the office, ‘Why do you do that?

It promptly went down a couple of points and paused a little to get its breath before taking another dip. No two such combinations of capital had ever opposed each other in this country.

He opened it and then he pointed to the customers in the big room. Those that are not familiar with those times will benefit immensely. It got so that I had to give a fictitious name. All the stocks could liivermore displayed on one big board. This annotated edition would be great for new traders for the reason that it contains side notes which elaborates on some of the events, companies and people that Livermore discussed.

Somebody must have told them about my early experiences, because it was not long before they all got to calling me the Boy Trader.