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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I began in the Reminiscences of a Stock Operator smaller bucket shops, where the man who traded in twenty shares at a clip was suspected of being John W. That wouldn’t impede him from going broke again later on and committing suicide.

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

Inon the day before Election Day, when it was a foregone conclusion that McKinley would win, not a shop in the land let its customers buy stocks. The manager told me what they asked him and I told him my name was Edward Robinson, remijiscences Cambridge. And they’ll learn about important but forgotten figures brieflymentioned or disguised via pseudonyms in the text, such as brokerE. I escaped because of one of my hunches.

Paul and they shut down on him. I called to a fellow I knew, Dave Wyman, and said to him: After my May ninth mishap I plugged along, using a modified but still defective o.

It is no trick at all to be right on the market. That is how I first came to take an interest in the message of the tape. The only way to get a stock price to move up is for people to buy it. Then I saw something else I liked, and I did the same thing; took three-quarters of a point net within a very short time. He figured that I was a permanent sucker, the ticker-hound kind that always plays and always loses; a steady- income provider for brokers, whether they were the kind that bucket your orders or modestly content themselves with the commissions.


Every other line would make so much sense to me Jesse Lauriston Livermore. I suppose the biggest plus a This is only the second book that I’ve read about Stock Market speculationbut I’m pretty sure that it’ll be hard to find any better.

I’d begin light, only fifteen or twenty shares.

He told me he thought I’d make a lot of money and hoped I’d come in often. And I don’t think I’ve ever read a better explanation of how each of those things can impact trading decisions and price movements. This version includes a short Foreword by Jack Schwager.

You always find lots of early bulls in bull markets and early bears in bear markets. No, sir, nobody can make big money on what someone else tells him to do. And their experience invariably matched mine—that is, they made no real money out of it.

And then, too, if my order rsminiscences fairly big my own sale would tend further to depress the price. Woodlock when he declared: But in we had a three-million-share day. Wait a little before you call out the next price of Sugar, will you? Want to Read saving…. Yes; and two hundred too!

I’d walk in and plank down my margin, but they’d look at it without making a move to grab it. I looked around and saw the order-clerk at the window where you put down your money and get your ticket. He leaned across and said to me, ‘Say, Livingston, you go back to Dolan’s. It struck me at once that if my dope didn’t work in practice there was nothing in the theory of it to interest anybody.


And as I was reading, it felt as I was talking to my pal who’s just gone through the same things. Each page of this book should put in a frame and hang on your wall. There are already hundreds of reviews of operatir book in its various versions posted on Amazon.

I wanted to be close to the original source. By this time other clerks had got behind him and were looking at me.

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. In speculation when the market goes against you you hope that every day will be the last day—and you lose more than you should had you not listened to hope—to the same ally that is so potent a success-bringer to empire builders and pioneers, big and little.

Reminiscences of a Stock Operator

One man and one mind against the world – and the only way to prove that he is right jrsse to make money. There is no mind so machinelike that you can depend upon it to function with equal efficiency at all times. I have been enamored with Wall Street since I was a high school kid, not necessarily exclusively for the profit potential although that is surely a major motivator, but reminiscencfs with the observation of the psychology of the marketplace.

And that is precisely what I did, or rather what I tried to do I mean, it makes its money by dealing with facts and figures. I’d say it was worth getting this annotated version.

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