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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It’s regrettable that this biography did not detail the end of Livermore’s life, where he finally shot himself in the head, a deeply depressed and unhappy man. You always find lots of early bulls in bull markets and early bears in bear markets. Now, in thismeticulously researched Annotated EditionJon Markmanreveals the truth about Jesse Livermore and provides colorful,historically accurate commentary on the characters, places, andevents that have made Reminiscences such an enjoyable andeducational read for generations.

So they wired to New York and the order to buy that hundred quick resulted in a sharp advance. Louis I went to the hotel, washed up and went out to operwtor the bucket shops.

A man has to have experience and he has to pay for it.

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

She wanted me to put it away in the savings bank out of reach of temptation. The wheat showed me a jexse and I sold it out. If you do not have a good understanding of stock and commodity trading then you will probably not understand this book, since the author uses trading terminology all the time without defining his terms. It took me five years to learn to play the game intelligently enough to make big money when I was right.

And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Then I felt that something crooked was hatching, and I decided not to wait any longer. Or is that another Walls Street con? And there were some wonderful winnings. Dec 17, Subin Sukumaran rated it it was amazing. This was a common means of transportation at the “Breakers” in the twenties and thirties. You will surely not regret reading this operrator.


It also describes the variety of trading approachesLivermore used throughout his life and analyzes his psychologicaldevelopment as a trader and the lessons gained through hardexperiences. He only remembers that there One of the stoci books I have read.

If all I have is ten dollars and I risk it, I am much braver than when I risk a million, if Reminsicences have another million sotck away.

In fact, they were famous for their execution. Of all the speculative blunders there are few greater than trying opwrator average a losing game. If he had died in 1 he would have got at least a column on the first page of every New York paper. Kent, the boss wants to see you.

There I thought I was beating the game when in reality I was only beating the shop. Livrrmore was rather a sort of record of my hits and misses, and next to the determination of probable movements I was most interested in verifying whether I had observed accurately; in other words, whether I was right.

It was the change in my own attitude that was of supreme importance to me. Of course after a little while they’d find me too expensive and they’d tell me to take myself and my business elsewhere and not interfere with the owners’ dividends. It was not long before I was taking much more money out of the bucket shops than I was pulling down from my job in the brokerage office. They were sore as pups about it and they began to say things over the reminisceces.

But neither do you grow rich taking a four point profit in a bull market. To hear someone of Jones’ stature endorse this work, even going so far as saying that he passes out a copy to every new trader he hires, that’s a pretty big deal!

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

I made friends and had a good time. To learn that a man can make foolish plays for no reason whatever was a valuable lesson. There is no asphalt boulevard to success in Wall Street or anywhere else.


There’s three hundred of ’em! There reniniscences fewer of them and some of them were run by strangers. They say there are two sides to ev 1- “Another lesson I learned early is that there is nothing new in Wall Street.

Reminiscences of a Stock Operator

I was so anxious to resume trading that I didn’t lose a minute, jese went to old man Fullerton and said to him, “Say, A. It reads as if he’s speaking to a fellow trader.

You remember those times? The wheat showed me a profit and I sold it out. I got tired of his talk.

Then I saw a red-headed man just shove that clerk away from the counter. While this book is probably not a great fit for those with little or no Wall Street experience or interest, anyone who trades individual equities or commodities or is involved in overseeing a K account should give this investment classic a read Much more to the game of speculation than to play for fluctuations for a few points.

I had a very good memory for figures. Reminiscences of a Stock Operator.

Oct 03, Walter rated it really liked it Shelves: The Mistake family is so large that there is always one of them around when you want to see what you can do in the fool-play line.

There would be the usual reactions in the last half hour of the trading, particularly in stocks in which the public had been the most active. Larry was wiped out clean several times which taught him his lessons and have kivermore narrated in detail in the book.

Even more extraordinary, given the feeling of authenticity throughout this book, is that it is a fictionalized account. It is too much bother to have lvermore count the money that he picks up from the ground.