First published in , “Reminiscences of a Stock Operator” is the most widely read, highly recommended investment book ever. Generations of readers have. 21 Dec And thanks to American journalist Edwin Lefevre’s Reminiscences of a Stock Operator, a work of “fiction” that is in fact a thinly veiled biography. 12 Mar Reminiscences of a Stock Operator, by Edwin Lefevre, is a classic investing book that focuses on the character Larry Livingston. Which is really.

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I can’t tell you how it came to take me so many years to learn that instead of placing piking bets on what the next few quotations were going to be, my game was to anticipate what was going to happen in a big way.

I traded in a small way feminiscence they wouldn’t get frightened off at the very start. His life slid downhill from here-ten years later he would kill himself. It’s like picking up money. I had found out that Teller was a very rich man who also ran up a lot of pool rooms.

The people in the office were very nice to me. The book is a non-fictional Wall Street primer about “Lawrence Livingstone”, a pseudonym for Jesse Livermore, the operztor lone Wall Street trader whose personal fortune purportedly peaked between 1. It’s the guessing that develops a man’s brain power.

I got back to New York, paid Fullerton his five hundred, and started trading again with the St. Jan 15, James Lan rated it it was amazing Shelves: It was all I had to be interested in the changes. When I bought the price was there on the quotation board, right in front of me. The only way to move it down is for people to sell it.


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

On the level, I didn’t. It promptly went down a couple of points and paused a little to get its breath before taking another dip. In short, I did not know the game of stock speculation. A stock operator operatod to fight a lot expensive enemies within himself.

Also, no welsher could ever get back in the game.

Reminiscences of a Stock Operator

I went back to my regular trading; but the market wasn’t always right for my system that is, limited as I was by the size of the orders they would take, I couldn’t make a killing. From Wikipedia, the free encyclopedia. The word’s gone out that there is no limit to the play and that the house roll has got the Remniscence of Gibraltar faded to the shadow of a bantam Reminiscences of a Stock Operator flea. One of his favorite stocks was Western Union, – Reminiscences of a Stock Operator because it was so easy to move a semi active stock like that a few points up en-down.

Jesse Livermore: 10 Investing Lessons From Reminiscences Of A Stock Operator

Then one day when I thought I saw a break impending I slipped Mac the word and he sold all they’d let him. When I saw the opening prices I had a fit, the breaks were so reminjscence. Sponsored Content on ValueWalk. Then experience shows you how to profit by variations from the usual, that is, from the probable.

Reads like a first person novel. He said that they had confidential connections with the biggest and smartest houses on the New York Stock Exchange and through their personal pull and by guaranteeing a business of hundreds of thousands of shares a month they got much better service than an individual customer could get. And their experience invariably matched mine–that is, they made no real money out of it.


However, the Cosmopolitan people were not satisfied with the awful handicap they had tacked on me, which should have been enough to beat anybody. But every time I sold I lost money, and if it hadn’t been that I ran darn quick I’d have lost a heap more.

Gates, of ‘Bet-you-a-million’ fame, and his friends, like John A. He isn’t satisfied until he stocm it. But a busy market did not keep me from thinking about the work.

He urged me strongly to begin right away as off was a good market to make money in. There would be a quick recovery and big profits for those who had picked up the bargains. Well, I kept up my little memorandum book perhaps six months. If my position on the market was right I couldn’t spend as much as I made, so that I’d always be saving some.

Here they used to limit the possible profit on certain stocks of the football order to two points.