Rating:  Summary: The greatest trading book ever written Review: Like Muhammed Ali, this book is undisputedly the greatest. A true & timeless classic that will endure for as long as people speculate, "Reminiscences" is to trading what Sophia Loren was to curves or Raquel Welch was to breasts...and then some. It really does require genuine market experience and multiple re-readings to gain the full benefit of the invaluable insights from this incredible book. Livermore was almost certainly the greatest natural talent in the entire history of trading - if he played basketball, he would probably make Michael Jordan look like a clueless 5'6" sophomore klutz. But unlike sport, trading requires discipline as well as talent, and Livermore was chronically deficient in the former. That he blew out multi-million dollar fortunes (back in the days when a million dollars meant something) repeatedly, and then came back with a few thousand and managed to run it up to millions again within a couple of years, not just once but several times, just goes to show what a unique trader he truly was. So is this book going to help your trading, or is it just a fascinating look at a trading legend? Well, lots of professional traders have cited this as the most influential book on trading they ever read (see the laudatory comments in "Market Wizards"), and I can only second that opinion. There is really great discussion of trading techniques, such as the usefullness of adding to a position as the market confirms your original idea, how to trade in big size, how to read the tape to determine the market's underlying strength or weakness, etc. There are also great psychological insights - it is obvious that Livermore was a very introspective and perceptive man, at least in respect to his ability to trade. In some ways this is a melancholy book - one can only imagine how much wealth Livermore would have possessed if he had been able to exercise even an ounce of discipline. Any pro trader who reads this book will see the man for what he is - a one-off whose like we will not see for many a year. The man makes current gurus George Soros and Warren Buffett look like a bunch of clueless high school students. "Prices are never too high to begin buying or too low to begin selling." "Always sell what shows you a loss and keep what shows you a profit." "There is nothing like losing all you have in the world for teaching you what not to do." "Millions come easier to a trader after he learns how to trade, than hundreds did in his days of ignorance" This book is full of such timeless wisdom. Feast on it, and die disgustingly rich.
Rating:  Summary: The best book on speculation/investment I ever read Review: Just the quotes are worth the price, not to say those good story telling skills.
Rating:  Summary: Greatest book written on the psychology of trading. Review: This is an absolute classic. I read this book as a rookie on Wall Street in 1987, only months before the crash. I just bought it again as a gift for a client's son graduating Wharton. The theme 75 years ago applies today and will apply in 75 years to come. From Boston to New York to Palm Beach and back, Jesse Livermore "swings a big line" (trades larger and larger blocks in the stock positions he takes) and along the way teaches us all about what is to trade, to lose, to win. Todays daytraders could learn much from this book as well as newly minted Ivy League MBA portfolio managers. It is a brilliant reflection on the true spirit, grit, culture and challenge of man versus market and the subsequent lessons learned of the ultimate enemy in trading: self. The rumour around this book for years has been that the fictionalized version of Jesse Livermore died penniless, having gone through multiple fortunes. However, I have heard from many old liners in those very same cities otherwise. Read the book.
Rating:  Summary: A FANTASTIC CLASIC Review: When almost all of the stocks of his time have been history, his wisdom remains of the same value. A must read.
Rating:  Summary: A excellent read Review: This book was very interesting with the stock operator writing about his experiences in stocks from the late 1800s til the early 1900s. What impressed me most was how little things have changed from the time it was first published to the present. We hear of a new paradigm in investing today and the operator heard this statement earlier this century. A lot of interesting insight was gained by this reader on past bull and bear markets. The book touched on market tops and when to buy securities after complete demoralization suddenly develops in a bear market. The writer didn't go into great detail in any one area of the market, but provided fairly detailed and interesting insight into what is involved in the art of stock manipulation.
Rating:  Summary: Read this book Review: If you are into the markets, read this book. Has many learning and insightful experiences. Provides "market" wisdom.
Rating:  Summary: Great Overview Review: Great Read. His experiences are timeless even in today's market. I guess his expertise in the bucket shops would now apply to the daytrader offices of today. Now if I can just start off with a few hundred bucks and grow it into Millions like he did.....
Rating:  Summary: Trading Psychology Review: A classic on trading psychology. Right up there with the phenomenal Mind of a Trader by Patel and New Market Wizards by Jack Schwager
Rating:  Summary: The cornerstone of trading Review: This is a book I continue to read over and over again when I get out of tune with the market. Every trader or investor should read this book about how to play the market. The principles outlined are the fundamentals needed to have a winning track record.
Rating:  Summary: An entertaining and practical text. Review: This is an amusing book describing the trading life and practices of famous stock operator in the early twentieth century. The book chronicles the evolution of trading practices of Jesse Livermore, from stock speculation to market manipulation. However, the practical aspects of the book are in some ways limited because of the technical developments in security trading. But still, sound advice in stock trading is given throughout the text, which is still relevant and will be for decades. This is an entertaining book for any trader, technical analyst, or individual interested in the practical aspects of how capital markets function.
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