First published in , “Reminiscences of a Stock Operator” is the most widely read, highly recommended investment book ever. Generations of readers have. 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. The Paperback of the Reminiscences of a Stock Operator by Edwin Lefevre at Barnes & Noble. FREE Shipping on $ or more!.
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This book is more about the discipline of trading than about any particular trading method. A detailed book of intrinsic thoughts and feelings as an stock broker experiences during the trade off from his early trading days itself and how it actually affected his trading actions.
They say there are two sides to everything. And when a millionaire is right his money is merely one of his several servants. Each page of this book should put in a letevre and hang on your wall. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them.
Options are covered but I think they were relatively relegated to the commodities market during this time. Dec 20, Grant Palmquist rated it it was amazing.
For example, we only learn that the narrator pf a wife when someone tries to use her to hook him into a stock manipulation. For those who don’t know, Reminiscences is somewhat reminisvences a “trading biography” of Jesse Livermore – one of the best traders of all time – published in There is one side to the stock market; and it is not the bull side or bear side, but the right side.
Generations of readers have found that it has more to teach them about markets and people than years of experience. I should say that a chart helps those who can read it or rather who can assimilate what they read. So he moved to New York and began trading actual stocks and commmodities.
The behaviour of a certain stock is all you need at times. Reminiscenecs always was my sitting.
Reminiscences of a Stock Operator
I never argue with the tape. When the bureaucrat, be he corporate or government, assures you that “nothing is wrong”, then get your money and run. It is no trick at all to be right on the market.
There is no need to feel anger over being human. It is inseparable from human nature rmeiniscences hope and to fear. My cotton deal proved it to the hilt a little later. May 07, George Jankovic rated it it was amazing. Of course, this book has a significantly different bend – with the narrative primarily being about huge sums of money won and lost through big and mostly bearish stock market trades.
Reminiscences of a Stock Operator by Edwin Lefèvre
To learn that a man can make foolish plays for no reason whatever was a valuable lesson. But if you are a trader, this is probably the best book that you can read on the subject. When he missed, he got wiped out. But what the dickens does that matter? Livermore reminds us that, if you are going to engage in the markets, you should not listen to anyone.
You always find lots of early bulls in bull markets and early bears in bear markets. It’s when you actually think about who is buying and who is selling what quantity in this batch and what quantity in total at what time that’s where the real story is.
Disaster may come from a convulsion of nature or from the weather, from your own greed or from some man’s vanity; from fear or from uncontrolled hope.
And if you’re not, and you still haven’t read this book, you probably should. The cauldron of fear, hope, greed and pride at full boil!