Edwin LefèvreWILEY Reminiscences of a Stock Operator

Great book in tranding

I would suggest you to skip the foreword!

Witty, comedic, early 1900's style writing with numerous investing ideas that still hold true today. The original stock operator takes you through his journey of becoming one of Wall Street's greatest traders of his time, sharing the lessons he learned along the way. I recommend this book for any stock market enthusiasts who wish to gain more insights into old fashioned technical analysis.

Best trading book ever. Timeless advice from the GOAT Jesse.

When I was in the middle of this book I started to feel sad that the book will eventually end. I could not believe that the book was written in 1923. The main character of the book has a rational judgement of someone from this era. It's a rather a short 240 page 'fictional biography' of 20th century stock trader Larry Livingston. It is believed that the story is real and it talks about life of Jesse Lauriston Livermore (1877-1940). He is regarded by many as one of the greatest stock traders of all time. In the era before computerized charts his remarkable head for figures and memory gave him an edge over most other traders. He devised a simple system for trading. If shares were going up in value, he went long: if they were going down, he went short. If stock continued along a trend he bought more shares. When the trend stopped, he sold. He often use the term: 'Stock prices move along the line of least resistance.' He claims that at rare times he would have a hunch of where the market was going and when he followed his instincts he would always profit from it. By studying trends he had an uncanny gift of detecting when a bull market was coming to an end before his fellow traders. He did not allow emotion or rumours to influence his decisions. When he made mistakes - and he made plenty - they were the result of miscalculation and not emotion. In this book, written with elegance and precision, Livermore enunciates his principles with plenty of examples. He also gives insights into the stock manipulations that went on in Wall Street from the turn of the 20th century to the time of his death in 1940. Essential reading for anyone who wants to understand the philosophy of trading - the principles are timeless.

This book proves that human emotions in relation to trading and investing have not changed. It clarifies things that we all know or believe to know about the markets and its participants. Loved the honesty and straight forward attitude of the writer. A good presentation of the markets and their operations, the use of information, media and above all, fear and greed. I would recommend this book to all people, regardless if you are a trader, speculator, investor of none of them. Cheers

To know more about forex trading and crypto currency, this book is the best suited for it, it gives you an idea of where to start and engage with trading in forex and crypto.