Reminiscences of a Stock Operator

His knowledge is shared and applicable even today , a great read

Well, let me first write about my background and why I bought this book. I'm actually not a trader but have deep interest in stock markets, trading, and investment planning. I do manage my own investments and do some freak trades quite often. I've been in wall street and London working for investment banks in their IT departments creating and managing IT trading systems. I bought this week 6-7 weeks back and read the entire book in just two three days from cover to cover. I found the book very interesting in the end. To begin with it looked to me as a personal trading philosophy but by the end it became like a general guideline for traders. How a trader should plan, what should he be aware of and how he should stick to HIS rules of trading. Trading, as I understand is a profession which needs deep understanding of stock market operations along with a general knowledge of economic matters in your surroundings like country. My recommendation for future buyers of this book will be that Buy it, if you are really interested in trading as a subject. This is strange book with no table of contents, no summaries and no preface etc. I never read any such book which did not set the context in the beginning and just started with a personal experience. I don't that's bad about the book but it certainly looked new to me.

Good for understanding what goes in the mind of a trader.Print on the book is Rs250.Got it in Rs 163 so yes discount wise also good.

Though I am not a trader and have been directly investing in the markets for the last 10 years or so, Reminiscences of a Stock Operator, was eye opening at many levels. It’s good to know the mindset of a trader to be invested in the long game.

This is a timeless classic every aspiring trader should read. Market is you. The opening lines 'If you don't know yourself, market is an expensive place to know' The version and publisher which has apt number of pages and font size. Don't go for cheaper versions. They might have smaller font harr to read. Go with this cover.

Amazing book. I am reading this after 1929. However, i know what happened to Livermore from 1929 compared to this. But i understand the pattern with which he operated, that was simply amazing. Read the tape. Markets are always correct. Amazing. 3 stars are only because, i bought kindle book (When it is freely available in internet), and i am getting page numbers along with the text which was irritating. If you are thinking to purchase kindle edition of this book, dont. Simply irritable. Never expected this from Kindle version. Entire 310 numbers come nagging inside the text, when we are reading quotations of stocks.

Received in paper outer bag, book wrapped in plastic to avoid tearing of corners. Content is good.

Every trader wants to read Jesse Livermore and Mark Douglas at least once in their trading career. Received the book in good condition, pages are white, clean and not with yellow tint which I like basically. The cover, spine and pages are intact with no folds or tear. Seller was cocoblu. Now most of the readers know the content about the books they want to read now it's all about in what condition you receive the book when you buy online, it's 50-50. Returning is time consuming, so getting good condition in the first shot seems a good luck now :D Dimension is 8x5 inches and more than 1/2 inch in depth, this particular book with this cover has 304 pages in total.

Edwin Lefèvre does a fantastic job bringing the experiences of Jesse Livermore (disguised in the pages as Larry Livingston) to life in this fantastic book. This work is written as a novel and almost as a biography, in which Livermore describes his career as a stock operator. He starts from his childhood days in bucket shops (which earned him the title of "boy plunger"), continues with his experiences on Wall Street - where he made and lost millions of dollars over and over again, and finishes with intriguing stories on price manipulation and speculation back in the earlier half of the 20th century. All throughout the book, amidst the inspiring stories and witty humor, the reader will find numerous pieces of advice - on anything from human psychology and public behavior to insider trading and investing/speculation strategies. I completely agree with other reviewers who state that this book needs to be read more than once. You simply won't absorb all the useful information the first time. Maybe not even the first two times. Or three. Some of the book's advice is very obvious, as it is repeated many times over. Livermore makes his basic strategy clear - incremental or "probe" approach, where he would slowly build his position in a certain stock/commodity by buying (or selling) blocks of securities until he reached his target - if the ticker tape confirmed his outlook. For example, assume Livermore wanted to go long on A with an investment target of $10,000. He'd first buy $1,000 and wait. If the price moved up, his assessment seemed to be correct - so he'd buy another $2,000 of A at the slightly higher price. If the price kept going up, he'd then increase his position to $6,000 - and eventually up to $10,000 - his original target. If, of course, the price reacted differently, his market "probe" would tell him that his assessment may not have been correct. Other "obvious" advice in the book is equally important - history repeats itself (he describes 2 amazing cases - Stratton's corner on corn and insider boosting of Tropical Trading - where he used the same technique to turn a commodity or stock bearish), don't ever follow tips from anyone (trust in yourself only), and don't cash out quickly for a small profit - but rather ride your investment out (go long in a bull market, short in a bear market). Amidst examples and stories in which the above pieces of advice appear to shine over and over again, other small and hidden tid-bits pop up throughout the entire book. Livermore is unafraid to talk about his mistakes, and he makes it clear that it's not his wish to brag about his successes - but to simply inform the reader why he did what he did. And he does a fantastic job in that. The book is very well written. It feels like a novel, where every chapter follows the main story arc but talks about something different each time, with great insight on yet another topic. The stories are very engaging, often witty and humorous. I read through more than half of the book carefree, simply enjoying the great prose and Lefèvre's literary skill - before I realized that Livermore has been giving me timelessly precious advice all throughout, and that I need to pay more attention. I will read this book again. I will take notes again. I don't want to miss anything. In conclusion, I highly recommend this book to anyone who is interested in the stock or commodities markets. It is enjoyable and entertaining, and it is eye-opening and insightful. It can be read simply as a collection of intriguing stories, or as an "investment bible" with much advice that is still applicable today. While the rules of the exchanges and the amount of money that flows through them have changed, the people trying to beat the market haven't. Pros: + beautiful literary prose + intriguing, engaging, witty stories + lots and lots of investment advice that still holds true today (80+ years later!) + many examples of historical events that have and will continue to repeat themselves + great as either a low-key bed-time book or as a serious stock/commodity investment and speculation guide + each chapter talks about something new, making it easy to read the book over time without losing track of the main story Cons: - first published in 1923 - so keep in mind that, of course, some things are outdated (i.e. certain rules and practices are in place now that weren't then, the amount of money has increased to a point where stock price manipulation is not as easy, etc.) - but treat this as a history lesson - probably needs to be read more than once (but is that really a con?) for the investment advice

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Hilarious and also carries a bunch of interesting messages about the psychology of trading.

Great book in tranding

Great book!