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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Those who remembered me wouldn’t give me a chance to show reeminiscence whether I had gone back as a trader or not. I didn’t explain to you how natural it was for me to trade there exactly as I had done in the bucket shops, where all I did was to bet on fluctuations and catch small but sure changes in prices.

That is why I don’t believe in tips. One was the J. They had branch offices in dozens of towns.

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

He telephoned the glad news to the big chief. I noticed that in advances as well as declines, stock prices were apt to show certain habits, so to speak. It’s like picking up money. Looking distant, pale and Anita Venetians — the last one was foot long. I might have made out a great deal better if I had been on the floor myself, a room trader.


I looked around and saw the order-clerk at the window where you put down your money and get your ticket. He wants to get something for nothing.

That was the reason. They always had the hope of getting away from me what I had taken from them.

I did worse than not see it; I kept on trading, in and out, regardless of the execution. I sometimes had a line of shares. One day the stunt worked so well that it went far beyond all calculations for a ten-point swing.

There is one side to the stock market; and it is not the bull side or bear side, but the right side. He gets so successful that he has to rotate among different locations and use disguises to avoid being discovered a lot like modern-day card sharks or the movie “21”. If I was right when I tested my convictions with ten shares I would be ten times more right if I traded in a hundred shares. The ticker beat me by lagging so far behind the market.

Over and over, with slight variations. I ain’t got nothin’ agin yeh. It requires more time and more work to keep posted and to that extent stock speculation has become much more difficult for those who operate intelligently. The next morning when we dropped in on the great orator, and handed him an order to sell five hundred Sugar he hesitated, but finally accepted it in silence! My friend followed me. Why, it cost hundreds, even thousands of dollars, to get stoci the etock.


One of the best books I have read. Those quotations did not represent prices of stocks to me, so many dollars per share. Every other line would make so much sense to me Jesse Lauriston Livermore.

Reminiscences of a Stock Operator

Yer welcome to what ye’ve got. I had a slight interest in stocks and trading before I read this and then got even more interested. Whatever opegator in the stock market to-day has happened before and will happen again. This report they would show to any doubting Thomas who was impolite enough to speak about bucketing customers’ orders.

See, I’ve read it only after I’ve been on the market for about six years. I’ll tell it later in its proper place.