Best trading book by far!

Rhody Trader said:

One could ask the question whether a "successful trader" would blow himself up that many times and die penniless.

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NewToTradingTrader said:

Reminiscences of a stock operator

Such an amazing story but more than that it really helps you understand the mindset of a successful trader and what it really takes to get to that point

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rathcoole_exile said:

typical newbie guff, same as stochastics, "forex is great" etc - how about an original idea for a change ?

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rols said:

Why do aspiring traders use Livermore as an example? The man was clinically depressed much of his life and ended it by blowing his brains out. Sounds great doesn't it?

In the Squibb building at 745 Fifth Avenue, at the age of 63, Livermore entered the Sherry-Netherland Hotel on November 28, 1940, at 4:30 in the afternoon.

Sitting on a stool at the end of the cloakroom, he withdrew a .32-caliber Colt automatic pistol, placed the barrel of the gun behind his right ear and pulled the trigger, dying instantly.

The police revealed that there was a suicide note of eight small handwritten pages in Livermore's personal notebook. It was addressed to his wife.

“My dear Nina: Can’t help it. Things have been bad with me. I am tired of fighting. Can’t carry on any longer. This is the only way out. I am unworthy of your love. I am a failure. I am truly sorry, but this is the only way out for me. Love Laurie”.

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rols said:

He also had some bad luck and poor judgement.

Through unknown mechanisms, he yet again lost much of his trading capital, accumulated through 1929. Thus, on March 7, 1934, the bankrupt Livermore was automatically suspended as a member of the Chicago Board of Trade. It was never disclosed to anyone what happened to the great fortune he had made in the crash of 1929, but he had lost it all.

Who in their right mind would marry a women whos last four husbands had commited suicide?

On March 28, 1933, Livermore married the 38 year old Harriet Metz Noble in Geneva, Illinois; there was no honeymoon. It was Harriet's fifth marriage, and all four of her previous husbands had committed suicide.

Anybody still wanna be like Jesse Livermore???

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