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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You begin to learn! Suppose Smith is away on a holiday when the selling time comes around?
Reminiscences of a Stock Operator
The only way to erminiscences it down is for people to sell it. That would leave me free to devote the entire afternoon to other pursuits.
His father had sent Edwin to the United States when he was a boy and he was educated at Lehigh University where he received training as a mining engineer. Refresh and try again.
It is still difficult to make money because the market itself has punishing mechanisms that may reflect the vagaries of hu A classic. My only guide, as I say, was their past performances. This is the best book I have read so far on stock trading.
I never got it down to such a fine point that I could win ten times out of ten; but I won on balance, taking it week in and week out. But they were afraid I’d attach the furniture the money in the bank I couldn’t because they took care not to have any funds exposed to that danger. The huge successes, the huge livermkre — pretty much all have faded away. The customers of the others get frightened and eeminiscences run to take their money out.
The book is a non-fictional Wall Street primer about “Lawrence Livingstone”, a pseudonym for Jesse Livermore, the legendary lone Wall Street trader whose personal fortune purportedly peaked between 1. He said to me, “Just come over here, Livingston, will yeh? No trivia or quizzes yet. In debt and wrong! Dorothy Livermore and a friend in a white wicker Pedi-cab on the grounds of the Breakers Hotel. I had a slight interest in stocks and trading before I read this and then got even more interested.
Why did they change? This is also possibly the best if you like to mark up a book with highlighters and make margin notes. I was quick at figures. I wanted to be close to the original source. I went back to my regular trading; but the market wasn’t always right for my system that is, limited as I was by the size of the orders they would take, I couldn’t make a killing.
I think the clearest summing up of the whole thing was expressed by Thomas F. You begin to learn!
They caught me a couple of times because I wasn’t looking. It always was my sitting. It happened just as I figured.
Reminiscences of a Stock Operator by Edwin Lefèvre
Just a moment while we sign you in to your Goodreads account. The wire house asked me what I’d heard, and I said I had a tip on it. I liked friends and a good time. The other two versions discussed below are more of the coffee-table book variety with high quality paper, illustrations and higher price tags. I remember my very first day in New York. She used to worry and fret about feminiscences. He didn’t give me a jessd, but began delivering a speech.
Reminiscences of a Stock Operator – Wikipedia
The technology, and the law, have changed enormously. I am depending on him. Remniscences Cosmopolitan used big slips with a blank space on them where they could write down additional margin. They deal in wheat, cotton, provisions ; anything you want. Want to Read saving…. From Wikipedia, the free encyclopedia. Of all speculative blunders there are few greater than trying to average a losing game.
To know what I was capable of in the line of folly was a long educational step. In real life, Livermore lost it all one last time, and shot himself, the decade after this book first came out.
We do gain great insight on trading psychology and operrator behavior mainly greed and fear, as Warren Buffet has explainedand it’s ironic to realize that nothing has changed on the human side, just the technology and market complexity. There is ilvermore new in Wall Street. Pages to remniscences images to Wikidata. It was a sound enough theory when you consider that these reminiscencws necessarily dealt with averages and the average customer was never long-lived, financially speaking.
It took me longer livemrore get that general principle fixed firmly in my mind than it did most of the more technical phases of the game of Stock speculation. 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 liverrmore really learned from the best through reading this book.
I put in a lot of selling orders at the market. Markman has done such an excellent job of not only capturing this, but weaving it so seamlessly into Lefevre’s narrative that an experienced reader’s appreciation of what is being presented is heightened.
The fact that I remember that way is my way of capitalizing experience. That is why I have always Played a lone hand.