Reminiscences of a Stock Operator Reviews

A must have especiall for the short pyramiding trader

This is masterpice that every trader needs to read.

The best and most useful trading book there is. Bar none.

Not much more to be said. If you are serious about trading, you must read this book. 10 out of 10.

Edwin Lefevre's "Reminiscences of a Stock Operator" is a "fictionalized" memoir of the real-life trader Jesse Livermore - considered by some the greatest stock trader of all-time. Working in the early twentieth century, Livermore started from nothing and built multi-million dollar wealth multiple times, only to repeatedly lose it. Livermore was so respected and feared during his era that rumors of his trades would create and destroy fortunes on Wall Street. In this book, written in 1922, Livermore tells the

This book is not a full memoir of his life and instead focuses only on his "business." He only refers to his wife or personal life as it relates to his investing; for example, in one case, one executive "used" his wife by dropping some insider information to her over dinner in an effort to encourage Livermore to trade in that company. Livermore did, but - as someone who didn't believe in buying on tips - her instead shorted that company. Still, because he never focused on his personal life and rarely on his personal feelings, I was shocked to later read that Livermore killed himself twenty years later and had had four wives.

This book is full of "trading" (not investing") advice. Is any of his advice relevant today? While his techniques may not work for the modern trader, much can still be learned from this book. He says it best when he says that, although cadets at West Point need not study archery as practiced by the ancients, "Weapons change, but strategy remains strategy, on the New York Stock Exchange as on the battlefield.... `The principles of successful stock speculation are based on the supposition that people will in the future will continue to make the mistakes that they have made in the past.'"

"Reminiscences of a Stock Operator" is written in a very matter-of-fact style that is easy to read. It is a very interesting book to read and a window on another era. Still, many of the lessons and strategies are still useful for the modern trader.

I have read this book so many times it is a true classic so many gems in there and wonderfully written.

I don't agree with everything he said as I think as I have heard said before he learnt how to make money but never learnt how to keep it and don't reckon much to his money management!

But as a genral book on how the market works you just can't beat it.

In my opinion, a required reading by wannabe traders as well as seasoned ones. This book made clear to me the importance of risk management. Without it even the best trader in the world will go broke!

The book is a masterpiece but if you are searching for some kind get rich trading system, this book isn’t for you. I personally think this book will only benefit those who are intent on learning the true art of speculation. Many of the trading 'lessons' are cleverly delivered in a subtle way through the use of anecdotes and they are as valid today as they were when first written almost 100 years ago.

You either ‘get’ it or you don’t.

Cracking read, brilliant piece of writing, part fiction part biography, highly entertaining. Later versions with addendums and annotations increase the enjoyment.

The current zeitgeist is to be 'smart' enough to discover the hidden meaning for retail traders, there is none, as a bible it's as impotent as other comfort blankets; Trading in the Zzzone etc...

Whilst the mindset of the trader may not have evolved over time, the methods employed have. In terms of relevance Jesse was a top level player of that there's no doubt, but he had more in common with Philip Green of Arcadia than Morgan Sze (formally of Goldman Sachs).

This book is simply extraordinary - as others have said, the best book on trading ever written.

Do not make the mistake of thinking that the book lacks practical application for the modern trader. It is immensely practical - I use the lessons it teaches every day that I trade.

If you open your mind this book will take you from the hardest sticking point on your journey - the break even stage - to the point where you becaome a profitable trader.

Brilliant in so many ways, this book is essential reading for any trader. If you get any idiots coming along wittering about "hidden meanings", you know that they are Walters who don't actually trade.