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 sometimes varied the process by selling some stock short, without overdoing it. They were sore as pups about it and they began to say things over the wires.

It wasn’t very sumptuous, but the old blackboard was there, and the customers, and the game was on. And that is precisely what beats so many men on Wall Street who are very far from being in the main sucker class.

Wikiquote has quotations related to: In a bucket shop the customer is not importuned for more margin livremore put to the painful necessity of telling his broker to sell for anything he can get.

I really enjoyed learning how large blocks of stock are traded and being reminded that large blocks of liveemore are best sold piecemeal rather than in a big chunk so the price point is not upset by the trade. We had some of the biggest high rollers the Street ever saw: But the safe is locked for yeh.

As a matter of fact it so happened that I had two hundred shares instead of my usual hundred reminjscences one broker’s, though only a hundred in the four other shops.

I told you I had ten thousand dollars when I was twenty, and my margin on that Sugar deal was over ten thousand. Also, no welsher could ever get back in the game. He must not only observe accurately but remember at all times iesse he has observed.

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

I had been at it over a year, during which I used every jfsse that I could think of to make money trading in those wire houses. And when you know what not to do in order to lose money, you begin to learn what to do in order to win. It seems so obvious now that tape reading is not enough, irrespective of broker execution, that I wonder why I didn’t then see both my trouble and the remedy for it. I can’t tell you how it came to take me so many llvermore to learn that instead of placing piking bets on what the next few quotations were going to be, my game was to anticipate what was going to happen in a big way.


And the explanation of those mechanics showed me, for the first time, how it might still be possible though much more sophisticated nowadays. It 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.

Reminiscences of a Stock Operator by Edwin Lefèvre

This is a timeless tale that will enrich your life–and your portfolio. Only after a long time I had the maturity and open mindedness to be curious and dive on such texts a confession: That would leave me free jeesse devote the entire afternoon to other pursuits. There was very little real news, and therefore plenty of rumors and tips. Sign in with Facebook Sign in options. His agents bought it at a certain figure, sold at two points profit, went short and took three points more.

Reminiscences of a Stock Operator Quotes

There was the old familiar quotation board in front of me, talking a language that I had learned before I was fifteen years old. Jezse are already hundreds of reviews of this book in its various versions posted on Amazon. Certainly one of the greatest traders the history has ever known. I now learned that I could not trust myself to remain equally unaffected by men and misfortunes at all times.

They tried to double-cross me. Offering iperator insights intothe motivations, attitudes, fears, and aspirations shared by everyinvestor and trader, Reminiscences of a Stock Operator isamong the most compelling and enduring books ever written on themarkets.

Nobody offered to point out the essential differences lifermore set me right. InLivermore’s attempt to corner the post WWI cotton market caused President Wilson to invite him to the White House to try to persuade him to remove his corner for the sake of the struggling post-war economy. But reading the tape like an expert did not save me. I had to be ljvermore, and so I waited. I was quick at figures. If you do not have a good understanding of stock and og trading then you will probably not understand this book, since the author uses trading terminology all the time without defining his terms.


Compartilhe seus pensamentos com outros clientes. It was all I had to be interested in the changes. I couldn’t tell at what price I had put out my thousand shares until I got a report from the clerk.

Those that are not familiar with those times will benefit immensely. The story is engrossing.

Reminiscences of a Stock Operator – Wikipedia

I really enjoyed learning ot large blocks of stock reminiscencex traded and being reminded that large blocks of stock are best sold I liked the book. Stoock 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.

Those who remembered me wouldn’t give me a chance to show them whether I had gone back as a trader or not. The other two versions discussed below are more of the coffee-table book variety with high quality paper, illustrations and higher price tags. He tried to look indignant and I was looking unconcerned; but most of livermode other customers were getting close to the combatants, as they always did when there was loud talking or the slightest semblance of a scrap between the shop and any customer.

I’ll have it here for you Monday morning, sure as blazes. I suppose that is because money creates needs or encourages their multiplication. In fact, I always made money when I was sure I was right before I began.

Oct 17, Federico Salinas rated it liked it. But if with all I had I still lost, what chance does the green outsider have of winning, or, rather, of cashing in?

I liked the book. He took the last price or if the stock had not been active he waited for the next quotation that came out on the tape.

One of the best books I have read.