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 had heard about them. And by also insisting that I put up a three-point margin at the very start they reduced my trading capacity by two thirds. opsrator

We learned afterward that one of the customers saw us talking together outside and went in and told the office, and when my friend went up to the order clerk to sell that hundred St. I harp on this topic so much to show what I had to go through before I got to where I could really make money. They didn’t refuse my business point-blank, as the small concerns had. Suppose Steel was selling at 90 and you bought it. I began to realize that the big money must necessarily be in the big swing.

The Mistake family is so large that there is always one of them around when you want to see what you can do in the fool-play line.

And I am only right when I make money. What I want is for you to lend me five hundred dollars so I can go out and get a roll and come back.

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

There is the plain fool, who does the wrong tsock at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. You can’t pull off any trick here, like your boss did with Belfast Boy. I kept on buying and selling as much as they’d let me. I wasn’t looking for such a run. I forget it overnight.


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

He only remembers that there One of the best books I have read. That would leave me free to devote the entire afternoon to other pursuits. Without those two credentials, breaking into high finance is hard. And I always could sell on the instant. All my life I have made mistakes, but in losing money I have gained experience and accumulated a lot of valuable don’ts.

In one office Reminiscences of a Stock Operator the manager had been studying these inactive- stock plays of mine and when he got my order he actually bought the stock for me and then some for himself in the Little Board, and he made some money.

Whatever happens in the stock market to-day has happened before and will happen again. I wondered whether it would be wise to start moderately and work up to a thousand shares or to begin with a plunge, on the theory that I might not be able to trade more than one day.

May 26, Bill rated it it was amazing. Otherwise, I wouldn’t be here now.

Reminiscences of a Stock Operator by Edwin Lefèvre

Feb 27, erjan avid reader rated it liked it. But reading the tape like an expert did not save me.

Ignorance at twenty-two isn’t a structural defect. It is too much bother to have to count the money that he picks up from the ground. Trading in the old-fashioned bucket shop had some decided advantages over speculating in a reputable broker’s office.

And there were some wonderful winnings.

But I didn’t think of anything except that I could keep on proving my figuring was right. That was enough to pay the shop to thimblerig the market on the New York Stock Exchange and wipe us out. I had a very good memory for figures. So I gave up my position.


I mean, it makes its money by dealing with facts and figures. There was the huge quotation board staring me in the face, and the ticker going on, and people trading and watching their tickets turn” into cash or into waste paper. The manager was a chap who looked as oerator he had been an actor or a stump speaker. Remjniscence all 7 comments. There is no asphalt boulevard to success in Wall Street or anywhere else.

That bucket shop had branches all over the city, in hotel lobbies, and in near-by towns. It wasn’t as big a place as Dolan’s, but the fixtures were nicer and evidently the crowd was of a opertaor class. The wire house asked me what I’d heard, and I said I had a tip on it.

The jewelry is all real. The book talks of his experiences from his first trade on Burlington stoci his profit of 3. That was what the Cosmopolitan did to get me and Henry Williams and the other Sugar shorts.

They say there are two sides to everything. It oprator literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance. It never was my thinking that made the big money for me. Your business with the tape is now – not tomorrow! To look at speculation from another angle. You let me in then, all right, and now you’ve got to let me out.