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.

Author: Mikagami Nikogore
Country: Samoa
Language: English (Spanish)
Genre: Art
Published (Last): 20 November 2008
Pages: 114
PDF File Size: 19.24 Mb
ePub File Size: 11.93 Mb
ISBN: 466-1-49959-425-8
Downloads: 71891
Price: Free* [*Free Regsitration Required]
Uploader: Gardajas

Everybody was making money. I know that some people are going to whine and complain that the book doesn’t teach any specific trading techniques, but that’s not why this book was written.

But I asked him, “What does he want to see me about? It clings very closely to the trade of a speculator, and barely touches on any personal life. At any rate, that is where I went with my five hundred dollars to bring back a stake to use as margin in the office of A. It doesn’t go into explanations.

Now that the markets are all fully imersed in the information age, a single speculator would be hard pressed to use the exact tactics that Livermore used years ago, but the overall strategy and Reminiscences of a Stock Operator is the auto-biography of “Jesse Lauriston Livermore”, a famous Wall Street speculator from years ago.

Take a look at ’em, kid. As a 14 year old, Livingston was the kid posting the numbers. Did you get that? It was not long before I was taking reminisvences more money out of the bucket shops than I was pulling down from my job in the brokerage office.

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

I tried the other branches one after another, but they all got to know me, and my money wasn’t any good in any of their offices. Oh, not because it wasn’t sportsmanship, but because they knew it would give them a black eye to publish the news that they wouldn’t take a fellow’s business just because that fellow happened to make a little money.


It was not a record of imaginary transactions such as so many people keep merely to make or lose millions of dollars without getting the reminiscenced head or going to the poorhouse.

It seemed to me reminiscehces if I could be sure of getting my winnings out of their clutches the only way of my getting together some real money was to trade in these near bucket-shops. The Cosmopolitan was rated as A-l and did an enormous business. Oh, I knew my money was safe.

Reminiscences of a Stock Operator – Wikipedia

May 07, George Jankovic rated it it was amazing. The bucket shop never actually executed the trade. There would be a quick recovery and big profits for those who had picked up the bargains. Sometimes, for instance, I was certain a stock would move at least a point.

The ticker operattor help as it should! I began to trade, very conservatively, but increasing the line as I won. The market, we would find, was philanthropically inclined that morning; in fact, clamoring to increase the supply of collegiate pocket money, of which no intelligent undergraduate ever had a sufficiency since the dawn of historic time.

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

As I told you, it was pretty much like stoock in bucket shops, only it was a little slower. I told you how the bucket shops, by refusing stokc take my business, drove me to seek a reputable commission house. But if you are a trader, this is probably the best book that you can read on the subject. And the net result of the day’s operations was that I lost exactly eleven hundred dollars. He opened it and then he pointed to the customers in the big room. If I opened an account with them I could buy and sell at the price which came over the wire, they were so confident of their brokers.


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 operato danger. I never argue with the tape. She delivers the educational wallop and presents her own bill, knowing you have to pay it, no matter what the amount may be. In New York the shops never were as liberal with lviermore patrons as I’ve heard they were in the West.

Reminiscences of a Stock Operator Quotes

She delivers the educational wallop and presents her own bill, knowing you have to pay it, no matter what the amount may be. For those who don’t know, Reminiscences is somewhat of a “trading biography” of Jesse Livermore – one of the best traders of all time – published in I put in a lot of selling orders livemore the market.

On one or two hundred shares a day, that wouldn’t be bad at the end of the month, what? I sometimes varied the process by selling some stock short, without overdoing it. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit.

Overall, it is a total delight, an education, and a warning.