Editorial Reviews. From the Inside Flap. Reminiscences of a Stock Operator is the fictionalized Jesse Livermore won and lost tens of millions of dollars playingthe stock and commodities markets during the early s, at onepoint making ten. Reminiscences of a Stock Operator, by Edwin Lefevre, is a classic investing Which is really a depiction of Jesse Livermore, one of the most. Reminiscences of a Stock Operator has ratings and reviews. Jesse Livermore was one of the most infamous ‘stock operators’ who ever lived.

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Reminiscences of a Stock Operator

It got so that I had to give a fictitious name. And they’ll learn about important but forgotten figures brieflymentioned or disguised via pseudonyms in the text, such as brokerE.

To ask other readers questions about Reminiscences of a Stock Operatorplease sign up. Well, it wasn’t six months before I was broke. Of all speculative blunders there are few greater than trying to average a losing game.

But you must act instantly iperator be left. My friend followed me. News was routinely withheld until insiders finished trading. Some of your customers are bound to make money on paper for a while, even if they and the others eventually lose. And after he makes them he will ask himself why he made them; and after thinking over it cold-bloodedly a long time after the pain of punishment is over he may learn how he came to make them, and when, and at what particular point of his trade; but not why.

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Reminiscences of a Stock Operator Quotes

There are already hundreds of reviews of this book in its various versions posted reminkscences Amazon. Inon the day before Election Day, when it was a foregone conclusion that McKinley reniniscences win, not a shop in the land let its customers buy stocks.

This is the best book I have read so far on stock trading. It took me five years to learn to play the game intelligently enough to make big money when I was right. I gave out buying orders on this stock to my five bucketeering brokers.

In all there were 3 Stork Club, Livermore’s favorite night club.

I do not mean by this that a man should not limit his losses when he is wrong. I didn’t ask the tape why when I was fourteen, and I don’t ask jeses to-day, at forty.

Then, the moment I saw a good chance to clean up big, I’d telephone him and he could plunge. So, of course, the house had to close my Sugar at the last quotation. He is pictured here with his third wife Harriet during a party for eighty people in their ten room apartment on Park Avenue. A fellow even told me that the owner of one of the concerns was a vice-president of the Chamber of Commerce but that couldn’t have been in St. It seems Teller was already doing a big business and would take all he could get.

This book is one of the premier works about the trading of stocks and commodities. I watched the board and saw something that looked good to me. In booms, when the public is in the market in the greatest numbers, there is never any need of subtlety, so there is no sense of wasting time discussing either manipulation or speculation during such times; it would be like trying to find the difference in raindrops that are falling synchronously on the same roof across the street.


A broker sold one hundred thousand shares in a few minutes.

Full text of “Jesse Livermore Reminiscences Of A Stock Operator”

I felt at home right away. It happened just as I figured.

I sometimes think that no price is too high for a speculator to pay to learn that which will keep him from getting the swelled head. I opeeator playing a system and not a favorite stock or backing opinions. If it’s your first time reading Reminiscences, then I ‘d suggest skipping the annotations on your first read through as they would, in my opinion, be distracting to someone new to speculation.

Reminiscences of a Stock Operator Quotes by Edwin Lefèvre

This is the original book without embellishment. I ain’t got nothin’ again yeh, see? Jan 16, Belhor rated it it was amazing Shelves: And when you know what not to do in order not to lose money, you begin to learn what to do in order to win.