Rating: Summary: Jesse had it Right Review: A surprise to me was that not once did the usual fundamental analysis enter the picture. There are no secret formula or tricks. Simple reasoning will tell you that a stock rising in price is making you money and a declining stock is costing you. When you pull the trigger to buy or sell is up to you but Jesse says 10% MAX. LOSS; Long or Short. Analysists may tell you that a stock is going to go up or down, wait until it starts to move. You won't catch the tops or bottoms and you may get whipsawed a couple times but when a TREND starts, UP or DOWN you'll be there.
Rating: Summary: Trading Discipline and EQ Review: A very engaging real life story of one of the world greatest speculators : the great success of Market Trading (making 100 million during the Great Crash of 1929, while others committed suicides), and the tragedy of himself and family.While maximum trading disicpline calls for emotionless and cold behavior to observe the unforlding patten and trend of the market, the EQ seems to suffers badly. His success story in market trading is better appreciated when one has good grounding and experience in Technical Analysis TA(refer my internet tuition class on TA coaching, http://groups.yahoo.com/group/360qBC03/). It seems that Livermore's mind is equivalent to today computer with TA software of charts, patterns and trends, and having the highest disicpline in objectivity he turned thousand dollars into millions. For those who want to be successful and skillful investors, read the book and follows some of his discipline, while maintain you EQ. QuaSyLaTic, Andrew http://www.360q.com
Rating: Summary: disappointing book :( Review: After reading Reminiscences of a Stock Operator I was eager to learn more about Jesse Livermore's life. This book was a big disappointment. Don't be fooled by the relatively positive reviews. This book is poorly written. The factual information of Livermore's life was interesting but you'll have to wade through a lot to get at it. The recreated conversations and artistic details are particularly annoying. I highly recommend Reminiscences of a Stock Operator. That one was hard to put down. Skip this book unless you must absolutely must know a few obscure details of Livermore's life and don't mind fluffy embellishment.
Rating: Summary: disappointing book :( Review: After reading Reminiscences of a Stock Operator I was eager to learn more about Jesse Livermore's life. This book was a big disappointment. Don't be fooled by the relatively positive reviews. This book is poorly written. The factual information of Livermore's life was interesting but you'll have to wade through a lot to get at it. The recreated conversations and artistic details are particularly annoying. I highly recommend Reminiscences of a Stock Operator. That one was hard to put down. Skip this book unless you must absolutely must know a few obscure details of Livermore's life and don't mind fluffy embellishment.
Rating: Summary: Warning against potential buyers highly likely to be Review: fans of Jesse Livermore after reading "Reminiscences of a stock operator by Edwin Leferve".
For those who had bought "Amazing Life of Jesse Livermore: World's Greatest Stock Trader (also) by Richard Smitten", beware! The books are basically identical. You either buy this or that. Not both, definitely.
The "1 star" is for the criticism of Richard Smitten's desperate means to drag money. Both books in themselves can let you know more about JL and deserve at least "3.5 stars".
Rating: Summary: read this book, when drinking coffee Review: For the momentum trader, the scalper, the swing trader, and all manners of those who enjoy the great life of gambling, please pick this book up. Livermore was the greatest trader of his day. A legend beyond the legends of his time. One of the few men to guess right in 1929 he made a furtune while his contemporaries put guns in their mouths. This slight read, although flawed in some ways is a worthwhile read, for anyone interested in the greatness of wallstreet and the addictiveness of the smell of money.
Rating: Summary: read this book, when drinking coffee Review: For the momentum trader, the scalper, the swing trader, and all manners of those who enjoy the great life of gambling, please pick this book up. Livermore was the greatest trader of his day. A legend beyond the legends of his time. One of the few men to guess right in 1929 he made a furtune while his contemporaries put guns in their mouths. This slight read, although flawed in some ways is a worthwhile read, for anyone interested in the greatness of wallstreet and the addictiveness of the smell of money.
Rating: Summary: Read Reminiscences of a Stock Operator Instead Review: I have read "Reminiscences of a Stock Operator" three times now. The more I read it, the more I get out of it. My main problem with this book is that 3/4 of the content regurgitates the events of "Reminiscences" almost verbatim. The writers approach however is to retell this story through reconstructing dialogue between Jessie (the protagonist) and all the various characters met in Reminiscences. I found this approach extremely irritating - especially since I was familiar enough with the original Reminiscences text to detect where the author had "made up" segments of the conversation using "artistic license to capture the flavor of the original conversations" (authors own admission). The other 1/4 deals with Jessies private life, which although I found interesting, was plagued by the same "conversation reconstruction" style. If you have already read reminiscences, and are truly hungry to learn more about Jessies private life and selected exploits after 1923 - then buy this book. If you have not read reminiscences, read it instead - you will learn far more out of the original source.
Rating: Summary: Read Reminiscences of a Stock Operator Instead Review: I have read "Reminiscences of a Stock Operator" three times now. The more I read it, the more I get out of it. My main problem with this book is that 3/4 of the content regurgitates the events of "Reminiscences" almost verbatim. The writers approach however is to retell this story through reconstructing dialogue between Jessie (the protagonist) and all the various characters met in Reminiscences. I found this approach extremely irritating - especially since I was familiar enough with the original Reminiscences text to detect where the author had "made up" segments of the conversation using "artistic license to capture the flavor of the original conversations" (authors own admission). The other 1/4 deals with Jessies private life, which although I found interesting, was plagued by the same "conversation reconstruction" style. If you have already read reminiscences, and are truly hungry to learn more about Jessies private life and selected exploits after 1923 - then buy this book. If you have not read reminiscences, read it instead - you will learn far more out of the original source.
Rating: Summary: This is a very good book - I don't understand the negative . Review: I think this is a very good book and I cannot understand the negative reviews that have been posted here.
I also have "Reminiscences of a Stock Operator" which I read first, and I don't find repetition here. Although I found Remin. to be a good book as well, I think I prefer this one - being closer to the truth, and full of investment advice worth its weight in gold, where Remin. tended to hide the advice amongst the fictionalised story.
I did not find it poorly written. I found it very entertaining, interesting and educational.
I won't go on and on about the good things in this book - if you are involved in the markets and can't afford to take a gamble at buying it and taking a look, and throwing it in the bin if you decide for youself it is no good - if you are struggling to justify the $$$ to be able to do that, then just give up now.
I just wanted to post this review to counter the few negative reviews here, so that the few who might be turned away by them instead might reconsider. It is good, it has valuable info. in it, and it is entertaining and educational. Give it a go.
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