Jesse Livermore - Reminiscences of a Stock Operator

joeking323

Member
55 0
Jesse Livermore is one of the most well known traders of all time and his biography Reminiscences of a Stock Operator is a must read for all Traders.

First published in 1923, the book chronicles adventures of Livermore, who began trading at 14 with a $5 stake, as he made and lost several fortunes. His stature was such that he was often said to move markets and even was blamed for the stock market crash of 1929.

The Book contains many gems of wisdom.

A must read

p.s. I did post this before but the link wasn't working - sorry guys.
 
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trader_dante

Veteren member
4,535 1,476
Jesse Livermore is one of the most well known traders of all time and his biography Reminiscences of a Stock Operator is a must read for all Traders.

First published in 1923, the book chronicles adventures of Livermore, who began trading at 14 with a $5 stake, as he made and lost several fortunes. His stature was such that he was often said to move markets and even was blamed for the stock market crash of 1929.

The Book contains many gems of wisdom and you can get a free copy by clicking the link below.

A must read

p.s. I did post this before but the link wasn't working - sorry guys.
What you really want to do is find a copy of his Market Key and follow it. It will open your eyes to how far ahead of his time he really was. I believe he really did hold the key to the market in his hands and it's all in the numberes. Following it has been nothing short of mind blowing for me.
 
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minime69

Established member
754 25
What you really want to do is find a copy of his Market Key and follow it. It will open your eyes to how far ahead of his time he really was. I believe he really did hold the key to the market in his hands and it's all in the numberes. Following it has been nothing short of mind blowing for me.

Hi TD,

the only thing i could find was,

The Secret of Livermore: Analyzing the Market Key System by Andras, M Nagy (Author)


is this the book you was talking about?
 

trader_dante

Veteren member
4,535 1,476
Hi TD,

the only thing i could find was,

The Secret of Livermore: Analyzing the Market Key System by Andras, M Nagy (Author)


is this the book you was talking about?
No, look for "How To Trade In Stocks". This was written by Livermore himself. The Key should be at the back of it.
 

MrGecko

Senior member
2,778 789
what is so special about it? What does it do?
 

Jaydee

Established member
556 107
what is so special about it? What does it do?
As a very basic overview:

It's essentially a form of technical analysis where Livermore records the magnitude of the main trend of a stock and then its retracement. From this he works out if the retracement is a normal correction or something more (like a reversal). If I remember rightly, he records the results of one stock in parallel with another from the same sector on the basis that if they both move in unison then all is well but if they diverge, that is an omen that something is wrong. Also, its tech analysis without charts - he just uses numbers.

On a side note, I always find it disturbing that his last wife, a women called Harriet, had previously been married 4 times. All four of her previous husbands commited suicide and so did JL once he was married to her!
 

trader_dante

Veteren member
4,535 1,476
JoeKing, if you are interested, followers of Livermores system would be watching US Crude right now, like a hawk.

It may give a signal to buy very soon.
 

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ccclarette658

Member
77 42
What you really want to do is find a copy of his Market Key and follow it. It will open your eyes to how far ahead of his time he really was. I believe he really did hold the key to the market in his hands and it's all in the numberes. Following it has been nothing short of mind blowing for me.
The Reminscences of a Stock Operator does not actually reveal Jesse's methodology clearly.
It describes his accomplishments and setbacks but does not clearly describe his ultimate reasoning. This is because he was a very accomplished darksider, and did everything to protect his darkside methods from open public scrutiny. He talks about his "figuring" in the first chapter of the book. Later on he outlines how his trading room is set up, with the board boys working the results of the tape on a huge blackboard for him to observe progress, and all of this behind locked doors. There are many other clues as well, very artfully disguised. Later on he talks about the Livermore Key, but the Livermore Key is a red herring. If you are a true darksider the contents of the book just jump out at you as if you were yourself talking, instead of just being an informal textbook or just a thumping good read.

:idea:
 

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