It should be even cheaper in my opinion, considering that fact, but it's a brilliant story and the performance was solid. Alexander Elder, a professional trader, a world-classs expert in technical analysis, and a practicing psychiatrist. Spending so much time and energy without changing anything, without creating anything. What's hard to tell, however, is how a novice-trader would perceive this writing. They have also discovered that its trading advice and keen analyses of market price movements ring as true today as in 1923. Reading, you very rarely feel that the book was written 100 years ago --- it could have been 1 year ago.
Jesse Livermore; Reminiscences of a Stock Operator Edwin LeFevre 1st First Edition Doubleday 1. Instead of hoping he must fear; instead of fearing he must hope. Wyckoff at a time when Livermore was the single most formidable factor in the market. But one of the central points of the book is that fear, greed, hope and ignorance will drive the marke This book is a marvel. I was shocked to find out that the audiobook reads some text which lies at 61% into the real book, then simply jumps straight to the last paragraph of the book and that's it!!! Jack Schwager has spent the past 25 years interviewing the market legends in search of the answers - a quest chronicled in four prior Market Wizards volumes totaling nearly 2,000 pages.
This website is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. These supertraders make millions of dollars - sometimes in hours - and consistently outperform their peers. The successful trader has to fight these two deep-seated instincts. While the rules and regulations of Wall Street have changed dramatically since this book was first published in 1923, human nature remains virtually unchanged. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey.
Written in 1920s street slang, without much of a structure, the book is still relevant today. I liked that it is as long as needs to be, and no longer, and that it doesn't get bogged-down in irrelevant personal stories, but does bring in the protagonists personal quirks and history when they are relevant to the subject. This bitter reality is many times true for people who enter the stock markets with a speculative short term view. What happens when ordinary people are taught a system to make extraordinary money? It has lasted for nearly a century because it's a book on trading psychology before the concept really existed, and the lessons it teaches are still relevant today. If there were too many bets on a stock, the shop could influence the tape by actually buying or selling the underlying stock for its own account. It really is an extraordinary read, and completely timeless.
But it is only after a stock operator has firmly grasped this that he can make big money. Options are covered but I think they were relatively relegated to the commodities market during this time. Lefèvre writes well and there is somethin One man and one mind against the world - and the only way to prove that he is right is to make money. Perhaps this should not be surprising, when you realize none of the original companies in the Dow Jones Industrials are still there. In this new edition of that classic, trader and top Livermore expert Richard Smitten sheds new light on Jesse Livermore's philosophy. Jack Schwager sets out to answer this question in his interviews with superstar money-makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more in Market Wizards: Interviews with Top Traders.
However, ignoring his own rules and falling to the emotions of hope, fear, greed and pride, Livermore was often flat broke during his career and entered bankruptcy in 1934. Over and over, with slight variations. Only after a long time I had the maturity and open mindedness to be curious and dive on such texts a confession: I actually enjoyed some chapters of the classic Technical Analysis of Stock Trends a few years ago. Or is that another Walls Street con? Here we are nearly a century on and nothing in human behaviour has changed. 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.
PreRip is only available to customers in the United States. Every other line would make so much sense to me. Skip to Main Content; Sign in. What he desires is to be told specifically which particular stock to buy or sell. What's hard to tell, however, is how a novice-trader would perceive this writing.
Reminiscences of a Stock Operator by Edwin Lefevre Length: 4:04 h Published: 2011-07-13 provided by Napster Audioobook offers the day's hottest, funniest, most stunning and suspenseful audio books for download and streaming. Reminiscences of a Stock Operator is the resource that generations of investors have turned to when they needed deeper insight into their own investing habits and those of others. What lessons can the average trader learn from those who achieved superior returns for decades while still maintaining strict risk control? Tip-takers are all they really are. Reminiscences of a Stock Operator, by Jesse Livermore is a famous book about risk and investing. She delivers educational wallop and presents her own bill, knowing you have to pay it, no matter what the amount maybe. First published in 1923, this fictional biography of Jesse Livermore, one of the greatest market speculators ever, is widely regarded as one of best investment books of all time.