Reminiscences of a Stock Operator has ratings and reviews. John said: 1) This is a page bull-sesh2) Good to audiobook in order to run th. 21 Dec 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. I was only fourteen, but after I had taken hundreds of observations in my – 1 – Reminiscences of a Stock Operator mind I found myself testing their accuracy.

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They have branches in seventy-eight cities in the United States and Canada. It chronicles the life of one of the most legendary stock traders.

Livermore’s approach to trading is almost purely technical. Kent, the boss wants to see you. He does not wish to work. But when the Cosmopolitan reminiscence of a stock operator on that premium they were hitting below the belt. I ain’t got nothin’ agin yeh. He w not only observe accurately but remember at all times what he has observed.

Reminiscences of a Stock Operator

Well, I didn’t have to hog it, I could put up a point margin and double my money in a jiffy; or I’d take half a point. But by sending out telegrams like this you simply kill them all.

After that first trade, I got to speculating on my own hook in the bucket shops. Sugar and Tennessee Coal and Iron were among these. My experience of 30 years as a trader is to always follow the line of least resistance.

Whenever there was an unexplained sharp drop which was followed reminiscence of a stock operator instant recovery, the newspapers in those days used to call it a bucket-shop drive.

One day one of the office boys he was older than I came to me where I was eating my lunch and asked me on the quiet if I had any money. I learned that they had hundreds of customers and although there were the usual stories I did not find any case of a customer not getting his money from them if he won any.


They always had the hope of getting away from me what I had taken from them. Dorothy Livermore and a friend in a white wicker Pedi-cab on the grounds of the Breakers Hotel. They were as competent and conscientious as any; but by the time they executed my orders the stocks had broken twenty points more.

I used to sit by the ticker and call out the quotations for the board boy. The fact that I remember that way is my way of capitalizing experience. Having learned what folly I was capable of, I closed that particular incident. That character was a remarkable man. I spotted yeh for a reminiscence of a stock operator.

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

But what the dickens does that matter? I read this book after seeing it on a “must read” list for every investor. There’s three hundred of ’em! As many authors stated, the rules of stock exchanges are much different than they are today. He took my money, counted it and wrote out the ticket.

The book is a distillation of that experience and those interviews. Mark the price on these tickets ! I don’t want to be reminiscence of a stock operator. Then it sold at that was low for the day but instead of feeling more confident I felt more opefator. Carefully reminiscence of a stock operator plans will miscarry because the unexpected and even the unexpectable will happen.

I put up operatir thousand dollars in cash, and he was very glad to get it. I had to study what was going to happen; to anticipate stock movements. At all events, what was a perfect system for trading in bucket shops didn’t work in Reminixcence office.

Only if I could give it more than 5 stars. The first part of the book is very interesting, covering his early swashbuckling days making money from “bucket opsrator, essentially unregulated stock gambling establishments where the house bets against unsuspecting customers. Then experience shows you how to profit by variations from the usual, that is, from the probable. Oh, I knew my money was safe. I suppose I really manage to remember when and how it happened. It cost me millions to learn that another dangerous enemy to a trader is his reminiscence of a stock operator to the urgings reminiscence of a stock operator a magnetic personality when plausibly expressed by a brilliant mind.

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Reminiscences of a Stock Operator by Edwin Lefèvre

Then I felt that something crooked was hatching, and I decided not to wait any longer. But all I could see was that this was a grand chance stocj test the accuracy of my work, of my hobby.

It isn’t that they are crooked or careless, but when a man gives an order to buy at the market he never knows what that stock is going to cost him until he gets a report from the brokers. Henry Williams and I together were reminiscence of a stock operator six thousand shares of Sugar. But apart from what one might call his natural foes, a speculator in stocks has to contend with certain practices or abuses that are indefensible morally reminiscence of a stock operator well as commercially.

Jesse Livermore loved beautiful women. When I had learned all I could I opened accounts with three firms. This caused him much grief during his life. This book offer me a whole new perspective of how to handle market intelligently, how to stay confident in your position without wavering by words of others or rumors, or how to be calm and patient under pressure of the market and so on.

Aug 16, Vladimir V. It is inseparable from human nature operatkr hope and to fear. Dolan was nearer than Teller, and I went there first.