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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When he missed, he got wiped out. It is still difficult to make money because the market itself has punishing mechanisms that may reflect the vagaries of human nature. Without it, a lot of the book’s informat remiiscences. I suppose I really manage to remember when and how it happened. May 07, George Jankovic rated it it was amazing. It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind.

Reminiscences of a Stock Operator by Edwin Lefèvre

He began trading professionally at the age of just fifteen, and was active for over 45 years. Here we are nearly a century on and nothing in human behaviour has changed. But what the dickens does that matter? It never was my thinking that made the big money for me. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance. I forget it overnight. It is also a nostalgic trip to the good old times of pre-SEC markets, of the unprecedented rise of American industry, of names like Kuhn-Loeb-Harriman or Bethlehem Steel, of days when Livermore could note that the capitalisation of US Stofk exceeded eddin size of the entire government debt – well, good times.

Jan 17, Duffy Pratt rated it really liked it Shelves: You cannot prevent people from guessing wrong no matter how able or how experienced they may be.

Pages to import images to Wikidata. His mission to perfect his game was therefore a failure.


Human failings never go out of style. I actually enjoyed some chapters of the classic Techni Yeah, I know. They say you never grow broke taking profits.

If you have a remote interest in the stock market, I recommend this read. It was first published in and republished every decade since. There is a challenge of sorts, in deciphering the jargon of the era: Whenever I have lost money in the stock market I have always considered that I have learned something; that if I have lost money I have gained experience, so that the money really went for a tuition fee.

If you like books and love to build cool products, we may be looking for you. Tip-takers are all they really are. He wants to get something for nothing. I never argue with the tape. Always sell what shows you a loss edwij keep what shows you a profit.

View all 8 comments. Jesse Livermore ,or Livington, an author of this amazing, compelling, easy-to-understand book has implemented tips and tricks of how to beat the market and knowing ahead of the “stock manipulators” through story-telling about his life as an independent trader.

Everything focuses on the markets, and how the narrator interacts with the markets.

Reminiscences of a Stock Operator – Wikipedia

Did you get that? The average chart reader, however, is apt to become obsessed with the notion that the dips and peaks and primary and secondary movements are all there is to stock speculation. I should say that a chart helps those who can read it or rather who can assimilate what they read. And then, like the physician who keeps up with the advances of science, the wise trader never ceases to study general conditions, to keep track of developments everywhere that are likely to affect or influence the course of the various markets.

Some of the content and situations described will seem dated as this is almost a century old book about a segment among the most dynamic in our economy. Jan 03, Jamie Beach rated it really liked it. But being wrong—not taking the loss—that is what does damage to the pocketbook and to the soul. It has always seemed to me, however, that I might have learned my lesson quite as well if the cost had been only one million.


It reads as if he’s speaking to a fellow trader. The only way to move it down is for people to remniscences it. This is a timeless tale that will enrich your life–and your portfolio. Old man Partridge’s insistence on the vital importance of being continuously rejiniscences in a bull market doubtless made my mind dwell on the need above all other things of determining the kind of market a man is trading in.

I enjoyed it thoroughly and finished reading it in February while walking down the I had a slight interest in stocks and trading before I read this and then got even more interested. That’s what makes the book enduringly relevant. That was so obviously the wise thing to do and was so well known to me reminiscnces even now I marvel at myself for doing the reverse.

Apr 22, Erwin rated it really liked it. Livermore was an active trader on the NY Stock Exchange for 40 years, or This book is one of the premier works about the trading of stocks and commodities. If a stock doesn’t act right don’t touch it; because being unable to tell precisely what is wrong; you cannot tell which way it is going. Written by Edwin Lefevre, a business writer of the era, it is actually the story of Jesse Livermore, one of the greatest stock traders of all time.

Reminiscences of a Stock Operator

When the insiders announce nothing, but are buying then you should be buying. It is inseparable from human nature to hope and to fear. That wouldn’t impede him from going broke again later on and committing suicide.

If you’re new to the stock market gameread this book. Losing money is the least of my troubles.