How to Trade in Stocks
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- Create Date：2021-08-15 08:55:01
- Update Date：2025-09-06
- Status：finish
- Author：Jesse Livermore
- ISBN：0071469796
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Summary
The Success Secrets of a Stock Market Legend Jesse Livermore was a loner， an individualist-and the most successful stock trader who ever lived。 Written shortly before his death in 1940， How to Trade Stocks offered traders their first account of that famously tight-lipped operator's trading system。 Written in Livermore's inimitable， no-nonsense style， it interweaves fascinating autobiographical and historical details with step-by-step guidance on: Reading market and stock behaviors Analyzing leading sectors Market timing Money management Emotional control In this new edition of that classic， trader and top Livermore expert Richard Smitten sheds new light on Jesse Livermore's philosophy and methods。 Drawing on Livermore's private papers and interviews with his family， Smitten provides priceless insights into the Livermore trading formula， along with tips on how to combine it with contemporary charting techniques。 Also included is the Livermore Market Key， the first and still one of the most accurate methods of tracking and recording market patterns Jesse Livermore is a stock market legend who made and lost four stock market fortunes in 40 years。 Livermore's revolutionary timing techniques， money management systems， and high-momentum approach to trading are as valid today as they were three-quarters of a century ago。 Richard Smitten teaches the “Jesse Livermore Trading System" and is developing "Trade Like Jesse Livermore" software。 His other books include How to Trade Like Jesse Livermore and a number of novels About The Author: Jesse Livermore is a stock market legend who made and lost four stock market fortunes in 40 years。 Livermore's revolutionary timing techniques， money management systems， and high-momentum approach to trading are as valid today as they were three-quarters of a century ago。 Richard Smitten teaches the “Jesse Livermore Trading System" and is developing "Trade Like Jesse Livermore" software。 His other books include How to Trade Li
Reviews
jennet wheatstonelllsl
，
Ks
Michael
，
Nice book on stocks。 4。5 star。 Hope I can apply what I've learned。 Nice book on stocks。 4。5 star。 Hope I can apply what I've learned。 。。。more
Steve
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Fascinating little book， but also something of a lesson as "He （Livermore） is considered a pioneer of day trading[2] and was the basis for the main character of Reminiscences of a Stock Operator， a best-selling book by Edwin Lefèvre。 At one time， he was one of the richest people in the world; however， at the time of his suicide， he had liabilities greater than his assets。[3]" （Wikipedia） Fascinating little book， but also something of a lesson as "He （Livermore） is considered a pioneer of day trading[2] and was the basis for the main character of Reminiscences of a Stock Operator， a best-selling book by Edwin Lefèvre。 At one time， he was one of the richest people in the world; however， at the time of his suicide， he had liabilities greater than his assets。[3]" （Wikipedia） 。。。more
Kittichet Chunchoom
，
ดอกผลแห่งความสำเร็จของคุณจะเป็นไปตามความซื่อสัตย์และความจริงใจที่คุณมีต่อตัวคุณเองในการที่จะทำการจดบันทึกราคา ครุ่นคิดในสิ่งต่างๆที่เกิดขึ้น รวมถึงสรุปหาเหตุผลของมันด้วยตัวคุณเอง
BOACHIE MANU，
，
An excellent masterpiece。An eye opener。 I could not put the book down until。 I finished reading it。 I will definitely recommend this masterpiece。
Reguera Toledo
，
a releer
Greg
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This is a kind of odd book。 Very little of the edition that I read was Livermore's actual book， which I'm guessing was originally little more than a pamphlet that he wrote at his son's urging。The Livermore text is padded with a lot of reiterating by the editor， and what amounts to a second， longer book， of the editor putting the 'lessons' into a coherent system of sorts， or maybe not system but lessons the editor thinks are important。 It's not until you get to the very fluffy end of the book tha This is a kind of odd book。 Very little of the edition that I read was Livermore's actual book， which I'm guessing was originally little more than a pamphlet that he wrote at his son's urging。The Livermore text is padded with a lot of reiterating by the editor， and what amounts to a second， longer book， of the editor putting the 'lessons' into a coherent system of sorts， or maybe not system but lessons the editor thinks are important。 It's not until you get to the very fluffy end of the book that has some biographical details about Livermore and a lot of pictures that you get information like， here is a picture of Livermore "once again at Bankruptcy court， he always paid all of his creditors once he got back on his feet even though legally he didn't have to。" What exactly were the reasons he went bankrupt so often？ Was it leaving his method of trading behind， or was there something in the way he traded that led to massive explosions along with huge success？ Not really sure because everything about Livermore in this book reads more like hagiography than a realistic appraisal， which maybe isn't the point of the book， but since it's so heavy on the 'interpretation' of the editor it would seem like this might be important。And I hate to make this criticism， because if a book has some value in it and the author has other services that can make putting into action something you learn in a book then I don't see any reason why they can't hawk their own products in the book。 Usually if a book has value the reader can probably figure out how to use the information without the extra 'upsells'， but in this book I started to get the feeling that while there wasn't a lot of 'hard-selling' the purpose of the book was more to introduce the world to the software the editor had created to help spot the sorts of trades Livermore apparently liked， and to paper-trade them to get practice。 It's not that there isn't probably good advice in the book， but it was a little too fanboy， and I probably wouldn't have even noticed that if it weren't for all the pictures at the end of the book whose captions sort of added some darkness to the earlier all riches all the time storyline。 So why is this an odd book？ It was written in 1940， apparently at one of his son's （both of his sons？） pushing 。 From what I can gather， at least one of son's was very troubled， and ran into a lot of problems in life。 So this very secretive trader who shorted the market leading into the great depression and had a net worth of around a billion dollars in today's money after the stock market crashed （that's just added there to give some background on why a book by Livermore might be of interest to people）， finally decided to spill it all about how he traded。 Ok， that's not so weird， he's getting old， let's share the information with people。 But what's a little odd is that soon after writing this book he went on to shoot himself in the head， which I don't know if this book was a last attempt to get some meaning out of life， or an attempt to stave off the depression that apparently followed him through life， or maybe part of his undoing， but something seems a little off。 I might have given this four stars， because there was some good meta-advice in the book about how to look at problems and seeing through the accepted ways the masses were moving but the last chapter containing his Master-Key System was so convoluted and bordering on crazy town that I had to knock off a star and wondered why the editor didn't try to explain this in way that wasn't so painfully difficult to follow the logic of （oh， right my guess would be it would be a reason to buy his software to have something to figure this out for you）。 But from what I could gather from the Master-Key System it was basically a way to create lines of support and resistance using chart prices in column form versus the accepted way now of charts。 But following the instructions on how to create this columns made reading 19th century German philosophy seem easy and straight forward。 。。。more
Juan Antonio
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Mi libro favorito sobre trading （hasta ahora）
Parit Boonluean
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สอน mindset การเก็งกำไรที่ดีมาก บอกเทคนิคการเข้าซื้อตามแบบของลิเวอร์มอร์
Lalaine
，
This is such a classic。 And it’s the best book on investing that I’ve read。 Seriously a must read if you’re serious on trading stocks。 Learn the market。 Learn the rules。 He’s one of the best stock-traders of all time。 You can learn a lot from this book。 So， I highly praise this。 MUST READ！
Freeread
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หาทิศทางของหุ้นให้เจอบวกหรือลบค่อยซื้อ รู้จักอดทนรอเวลา จังหวะที่ถูกต้อง ผิดทางให้ถอย ถูกทางเดินหน้า อย่าทุ่มทั้งหมดในครั้งเดียว เหลือทางถอยไว้ด้วย ความรู้และจิตใจที่เข้มแข็งเท่านั้นถึงสามารถพิชิตหุ้นได้
Reborn D
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4 ดาวสำหรับหนังสือเล่มนี้ ถ้าเป็นในฉบับแปลภาษาไทย น่าจะมีอยู่2 สำนวนการแปล คือ ของคุณมด แมงเม่าคลับ กับคุณกิจพณ ไพรไพศาลกิจ เนื้อหาในเล่มเป็นสิ่งที่ Livermore ได้บันทึกไว้เกี่ยวกับแนวคิดในการเก็งกำไรของเขา และเสริมในส่วนหลังของเล่มโดยนักเขียนอีกท่านหนึ่งที่ขยายความ และอธิบายเสริมแนวคิดของ Livermore ให้เหมาะกับยุคสมัยปัจจุบันที่เครื่องมือในการเก็งกำไรมีหลากหลายมากขึ้น เนื่องจากในยุคของ Livermore แกจะใช้การจดบันทึกราคาและนำหลักคณิตศาสตร์มาคำนวณหาจุดต่างๆ เช่น Reversal บลาๆ
David Liang
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He explains his trades in extreme detail。 It can be confusing since we no longer use fraction prices and the companies he mentions are no longer around。 He has many rules to follow， some are good and some are confusing。 I sometimes wonder if he had full confidence in his own rules。 He ended up killing himself because he lost so much money。Having said all that， since this book is a classic， all traders should read it。 His stories and how the market play tricks on one's own confidence is still rel He explains his trades in extreme detail。 It can be confusing since we no longer use fraction prices and the companies he mentions are no longer around。 He has many rules to follow， some are good and some are confusing。 I sometimes wonder if he had full confidence in his own rules。 He ended up killing himself because he lost so much money。Having said all that， since this book is a classic， all traders should read it。 His stories and how the market play tricks on one's own confidence is still relevant today。 。。。more
James
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Great man who is hardly known today。
Artie Rubin
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What Livermore does here is talk about the *psychology* （aka， the emotional nature） necessary to be successful in the market。 In my own experience， I found this imperative。 I never realized how many emotions were influencing me， invariably to my detriment， whenever I considered making a trade。The bottom line is， you can't succeed until you're fully conscious of the emotions churning through you--and then overcome them with a strategy you've back-tested （there are software programs which allow yo What Livermore does here is talk about the *psychology* （aka， the emotional nature） necessary to be successful in the market。 In my own experience， I found this imperative。 I never realized how many emotions were influencing me， invariably to my detriment， whenever I considered making a trade。The bottom line is， you can't succeed until you're fully conscious of the emotions churning through you--and then overcome them with a strategy you've back-tested （there are software programs which allow you to do so） to make sure your strategy has succeeded about 70% to 80% of the time。 No strategy will ever succeed more than that; and no strategy is worth having if it succeeds less than that。If you're looking for dry tips on how to trade in stocks， this book has them here and there。 But again， it's Livermore's emphasis not on what's going on in the market， but what's going on in *you*， that makes this book so worthwhile。 。。。more
Radoslaw Radoslawski
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interesting story written by one of the most successful stock market speculant - Jesse Livermore。 Important insights over his trading philosophy and techniques。
Ryon Calhoun
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One of the classicsthis man lived such an interesting life and laid out the financial planning groundwork for generations to come。 This book is worth the read and will give you new ideas on stock speculation
Rahul Jana
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Classic
Hass Khalife
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Classic book that is a must-read for anyone in the financial markets。 Doesn't teach you much but the way of technical analysis but Livermore didn't chart in his day。 Classic book that is a must-read for anyone in the financial markets。 Doesn't teach you much but the way of technical analysis but Livermore didn't chart in his day。 。。。more
Utsav Parashar
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Few quotes and invaluable。 He provides practical insight of viewing the price trend， natural reaction of stock， natural rally。One line which I liked the most was "Markets are never wrong — opinions often are。" Few quotes and invaluable。 He provides practical insight of viewing the price trend， natural reaction of stock， natural rally。One line which I liked the most was "Markets are never wrong — opinions often are。" 。。。more
Chew Zai
，
More like psychology study of a trader book to me。 JL mentioned alot tips that are still relevant until today， and his pivotal theory is important as well。 His advanced method is quite outdated in modern era， as charts are updated every sec and flash crash can happen anytime esp volatile asset like bitcoin and cryptos。
Rutger
，
About a year ago， I kept seeing twitter traders mentioning Jesse Livermore （JL）。 I have this personal heuristic that， when I hear two independent source， mention some issue or person， I’ll look into it immediately， because there’s usually something worth investigating。 Same with JL。 My heuristic got validated， because JL really is a guy worth looking into。 JL was an early 20th century Wall Street speculator who was wildly successful in his field， and his field only。 This book tries to uncover hi About a year ago， I kept seeing twitter traders mentioning Jesse Livermore （JL）。 I have this personal heuristic that， when I hear two independent source， mention some issue or person， I’ll look into it immediately， because there’s usually something worth investigating。 Same with JL。 My heuristic got validated， because JL really is a guy worth looking into。 JL was an early 20th century Wall Street speculator who was wildly successful in his field， and his field only。 This book tries to uncover his secrets， mainly on the analytical side; JL didn’t do much active day trading。 I’ve often heard that only 2% of traders or less make bigger gains than the market， insider trading included。 But some people really manage to outwit the market， either by chance （say， if one throws a dice 10 million times， there will likely be a sequences of throwing 10 sixes in a row） or some analytical method which had not been uncovered by anyone else before。 It seems JL pulled off the latter。 Most of JL’s success depends on him having been a particular personality type: intelligent， controlled， private， diligent， disciplined and hyper-focused on his work and improving himself constantly。 The Jesse Livermore method also revolved about common sense: study your securities/stocks for a long time before trading， only enter a market after it breaks resistance on the upward， get out if the market moves over 10% downward （if a trade goes wrong， do not argue， just get out immediately – you were wrong， end of story）， collect your own data and do your own research， do not act on tips from others， etc。， etc。 I think many traders will learn these things quickly – because if you don’t， you will lose your money…The critique I have of this book is about length and format。 It’s way too short – which is not bad necessarily， especially regarding trading books！ – but there must have been more info available about Livermore。 The book is also an editorial mess， organized like a notebook – chapters are repetitive in content， some chapters read like marketing for some software tool “THE LIVERMORE METHOD”， some chapters read like they’ve been written by different writers。 I can totally see why some people would be annoyed by that。 Also， I doubt contemporary markets haven’t priced in JL’s trading system; what worked in the 1910s-30s might not work today。 JL would agree with that assessment， he would argue that Livermore method is about constant improvement of analytical skills， not copying someone else blindly。However， I liked reading the book。 JL was a colorful character and had a great， varied life; he went from rags to riches， yet his mega success ended in personal tragedy。 HBO should make a series about this guy and the Wall Street era in which he lived。 。。。more
Nicky Billou
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I loved this book！ Jesse Livermore is a stock trading legen， and learning how he invested and traded in stocks is worth millions！
Chuck
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Still relevantThough Jesse Livermore died in 1940， his stock trading advice is still relevant。 Follow the lessons he learned from his decades of trading stocks through the recession of 1907 and the depression of 1929， as well as， insights learned from his study of human psychology。
Tim Duggan
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This is an inside look to Jessie Livermore’s method。 It’s kind of still good given that he’s simply reading tape， tracking absorption。 I’m not much of an equities trader but it was a nice follow on book to the classic Remineessance of a stock operator。 Worth a quick light read。
3thn
，
I find it fascinating that a book on trading written in 1940 still applies today。 To quote Jesse Livermore， "There is nothing new on Wall Street or in stock speculation。 What has happened in the past will happen again， and again， and again。 This is because human nature does not change， and it is human emotion， solidly built into human nature， that always gets in the way of human intelligence。" This book takes a peek at how one might ride the many human emotion waves in the stock market right bef I find it fascinating that a book on trading written in 1940 still applies today。 To quote Jesse Livermore， "There is nothing new on Wall Street or in stock speculation。 What has happened in the past will happen again， and again， and again。 This is because human nature does not change， and it is human emotion， solidly built into human nature， that always gets in the way of human intelligence。" This book takes a peek at how one might ride the many human emotion waves in the stock market right before they crash out。 I am sure the exact methodologies are more sophisticated and nuanced today， but principles will probably apply。 。。。more
David
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A Classic。 Much of the advice given in this book still remains relevant today， especially for those who wish to trade Big Mo， as was Livermore's style。 A Classic。 Much of the advice given in this book still remains relevant today， especially for those who wish to trade Big Mo， as was Livermore's style。 。。。more
ex ex
，
Reveals the foundation to successful momentum trading that today's consistent， high-performing hedge fund managers use in the 21st century stock market。 Reveals the foundation to successful momentum trading that today's consistent， high-performing hedge fund managers use in the 21st century stock market。 。。。more
Jess Kang
，
Poise， patience， silence are the virtues successful Traders have。Take no tips。
Nicky Lim
，
Recommended by Dr Michael LeongGood book for speculators。 Talks about timing and pivotal points
Reference
google book https://www.google.com/search?tbm=bks&q=How to Trade in Stocks
hathitrust digital library https://babel.hathitrust.org/cgi/ls?q1=How to Trade in Stocks&field1=ocr&a=srchls&ft=ft&lmt=ft