Jesse Livermore's Methods of Trading in Stocks
- Downloads：5675
- Type：Epub+TxT+PDF+Mobi
- Create Date：2021-04-05 10:52:42
- Update Date：2025-09-06
- Status：finish
- Author：Richard D. Wyckoff
- ISBN：1614276404
- Environment：PC/Android/iPhone/iPad/Kindle
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Summary
2014 Reprint of Articles that first appeared in the "Magazine of Wall Street" in the 1920's。 Full facsimile of the original edition， not reproduced with Optical Recognition Software。 Livermore was an American stock trader。 He was famed for making and losing several multi-million dollar fortunes and short selling during the stock market crashes in 1907 and 1929。 Apart from his success as a securities speculator， Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly。 The materials published in these articles represent Livermore's collective wisdom on stock trading。 Chapters include: Preparing for the day's work Arrangement of the trading office How to read the tape Commitments and limits of risk How to keep capital turning over Kind of stocks in which to trade Pyramiding And much more
Reviews
Jonathan Birnbaum
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At the length of a podcast I found this a fun listen and reaffirmed some core beliefs about trading: a） don't add to your losers （average down） b） add to your winners。 Some of the anecdotes were interesting about manipulating the smaller rye market to move the larger grain market - the games of trading are timeless。 Only worth reading if you love markets。 At the length of a podcast I found this a fun listen and reaffirmed some core beliefs about trading: a） don't add to your losers （average down） b） add to your winners。 Some of the anecdotes were interesting about manipulating the smaller rye market to move the larger grain market - the games of trading are timeless。 Only worth reading if you love markets。 。。。more
Deb Kim
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so soso so this is ok book and has some interesting stuff but not sure if worth the time and money
Chris Esposo
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This is a strange book， despite the title， it's not really about trading or investments in a substantive manner。 Instead， it's more like "a day in the life of Jesse Livermore"， the infamous early 20th century trader。 I first learned about this individuals from the book "The Zurich Axioms"， who portrayed him as charlatan， who claimed to use clairvoyance for his stock selection。 Despite his outsized profits， he never was fully taken seriously by the Wall Street crowd of the time because of this re This is a strange book， despite the title， it's not really about trading or investments in a substantive manner。 Instead， it's more like "a day in the life of Jesse Livermore"， the infamous early 20th century trader。 I first learned about this individuals from the book "The Zurich Axioms"， who portrayed him as charlatan， who claimed to use clairvoyance for his stock selection。 Despite his outsized profits， he never was fully taken seriously by the Wall Street crowd of the time because of this reputation。 He evidently published a small book on "serious" analysis / strategies for trading late in his life， but according ot the "Zurich Axiom"， those advice often led to catastrophe for their users （thought what they were were never specified）。 This book is not really about Livermore's ideas （serious or otherwise）， and mostly like a short tract on how he organizes his life around his work， and how this organization allows him to increase his chance of success。 The best advice given is to sleep early and wake early， since the extreme early mornings allow one to meditate on deep notions。 Totally agree， though a bit challenging to implement if you want to have a life outside of trading。 The other advice have much to do with the way he laid out his office to best "read the tape" （the book was literally written when tapes were how one got trading information）， and how he setup his office to exploit the information he was receiving。 I suppose this would be akin to setting up your trade desk on a computer， or maybe setting up/building an analytic dashboard via computer。 Being on an hour and a half long， and the nature of the content， it's easily skippable。 Not recommended。 。。。more
Trung
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Very short but as very important wisdoms for anyone want to learn how to trade successful
Brad Mills
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Great summary of lessons learned from fictional trader in the early 1900s。It's better to read "Reminiscences of a Stock Operator"I read that book 4-5 times and wanted to get more， so I picked this up。 Great summary of lessons learned from fictional trader in the early 1900s。It's better to read "Reminiscences of a Stock Operator"I read that book 4-5 times and wanted to get more， so I picked this up。 。。。more
J。B。 Siewers
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Not spectacular but for the right crowd decent enough
Michael
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