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The Success Secrets of a Stock Market Legend Jesse Livermore was a loner, an individualist-and the most successful stock trader who ever lived. Written shortly before his death in 1940, How to Trade Stocks offered traders their first account of that famously tight-lipped operator's trading system. Written in Livermore's inimitable, no-nonsense style, it interweaves fascinaThe Success Secrets of a Stock Market Legend Jesse Livermore was a loner, an individualist-and the most successful stock trader who ever lived. Written shortly before his death in 1940, How to Trade Stocks offered traders their first account of that famously tight-lipped operator's trading system. Written in Livermore's inimitable, no-nonsense style, it interweaves fascinating autobiographical and historical details with step-by-step guidance on: Reading market and stock behaviors Analyzing leading sectors Market timing Money management Emotional control In this new edition of that classic, trader and top Livermore expert Richard Smitten sheds new light on Jesse Livermore's philosophy and methods. Drawing on Livermore's private papers and interviews with his family, Smitten provides priceless insights into the Livermore trading formula, along with tips on how to combine it with contemporary charting techniques. Also included is the Livermore Market Key, the first and still one of the most accurate methods of tracking and recording market patterns Jesse Livermore is a stock market legend who made and lost four stock market fortunes in 40 years. Livermore's revolutionary timing techniques, money management systems, and high-momentum approach to trading are as valid today as they were three-quarters of a century ago. Richard Smitten teaches the “Jesse Livermore Trading System" and is developing "Trade Like Jesse Livermore" software. His other books include How to Trade Like Jesse Livermore and a number of novels About The Author: Jesse Livermore is a stock market legend who made and lost four stock market fortunes in 40 years. Livermore's revolutionary timing techniques, money management systems, and high-momentum approach to trading are as valid today as they were three-quarters of a century ago. Richard Smitten teaches the “Jesse Livermore Trading System" and is developing "Trade Like Jesse Livermore" software. His other books include How to Trade Li...

Title : How to Trade in Stocks
Author :
Rating :
ISBN : 9780071469791
Format Type : Paperback
Number of Pages : 224 Pages
Status : Available For Download
Last checked : 21 Minutes ago!

How to Trade in Stocks Reviews

  • Duffy Pratt
    2018-10-21 16:33

    I would have rated this higher if I had not already read Reminisences of a Stock Operator. There's very little in this book that is not presented there, and I think the presentation there is more vivid. The main thing that is new is some actual detail about approaching Livermore's pivot points, including some actual examples. Unforturnately, however, these examples derived from data charts that were basically unreadable on my Kindle. Still, I got the basic idea of how he used them. The specifics are not as important to me anyway, since they are designed for Stocks and not for Forex. The big disappointment in the edition I read was the amount of time spent promoting some software developed so the reader could use the Livermore system for JUST $49.95 per month. I find this especially funny in a book that was about the lone wolf: a guy who said never to follow tips, to do the homework yourself, and to draw your own conclusions. And now, having read that, if you don't want to listen to any of his advice and just want to get rich quick, you can buy our new software that takes all the work out of it, and as such violates the most basic of Livermore's principles.The other thing I found out was the sad circumstances of his life. He apparently had recurring bouts of depression, and eventually lost, putting a bullet into his brain. I think this is a pretty stark reminder of the limited usefulness of unimaginable earning power.

  • David
    2018-10-25 20:40

    This is a must read book for any trader attempting to make it big. Jesse Livermore, in many ways, is the complete opposite of financial role models like Warren Buffet. His take on the stock market is like no other. After reading the book, you realize it wasn't luck that was on Livermore's side but his self-discipline to be a better trader.This book gives deep thoughtful insight I have yet to come across in any other book. There is more to this book than just the financial advice as Livermore provides an example to live a successful life. I duly recommended this book to anyone on the path to become a great trader. One of the most useful books I have read because of the opposing perspective it provides from the norm.

  • Ethan
    2018-11-02 23:14

    I find it fascinating that a book on trading written in 1940 still applies today. To quote Jesse Livermore, "There is nothing new on Wall Street or in stock speculation. What has happened in the past will happen again, and again, and again. This is because human nature does not change, and it is human emotion, solidly built into human nature, that always gets in the way of human intelligence." This book takes a peek at how one might ride the many human emotion waves in the stock market right before they crash out. I am sure the exact methodologies are more sophisticated and nuanced today, but principles will probably apply.

  • Harold Citron
    2018-10-19 16:21

    Interesting book, centered around Livemore's trading system. The system focuses purely on a momentum based strategy revolving around charting techniques. Little to do with Ghaham / Dodd style investment analysis (Livemore actually discourages this style of investing). Since I prefer financial statement analysis to charting (sorry, voodoo in my mind) I wasn't pulled in by the various tops, bottoms, shoulders, and breakout points. That said, the understanding of momentum, both in terms of industries as well as individual stocks was very enlightening.Regardless of my opinion, Livemore was extremely successful at what he did and his life was unique both in terms of his work as well as how he handled his fortunes.

  • Phil Toop
    2018-11-10 20:22

    Really, who would take seriously the trading system of a guy who lost the lot at least five times, and ended up eating a bullet? So what if he made six fortunes, when he lost five of them. Just goes to show there is no system to 'beat' the market. As for the book itself, some poor editing, inconsistent trading strategies (he wants the trade to go right from day one, but then "never tried to catch tops or bottoms". And the so-called software that was in development seems to be nonexistent.

  • Ed Ball
    2018-11-04 17:10

    A Classic! Jesse Livermore's contribution to investors the world over was "The Pivotal Point." The point in the chart where a confirmation for a new trend has begun. Jesse stated: "I never benefited much from a move if I did not get in at somewhere near the beginning of that move."

  • J Sha
    2018-11-11 19:11

    Learn from the legend!

  • Maria Rinehart-Henderson
    2018-10-18 19:30

    Growth Trader's bible, and easy to recognize who Influenced Bill O'Neil of IBD.

  • John Richards
    2018-10-20 20:33

    Read reminisces of a stock operator way back 88 or 89. this is a great review. like the pivot points myself.

  • Marco den Ouden
    2018-11-10 20:26

    See my review here: How to Trade in Stocks

  • Saga
    2018-11-02 19:37

    Good book

  • Girish Nayyar
    2018-10-24 16:12

    Nowhere near reminiscences of a stock operator - much much superior book.

  • Jason Lamarche
    2018-11-17 18:12

    Learn the golden rules of stock trading, but don't forget them when you start to sweat! Another must read!

  • Gordon Chan
    2018-11-17 19:12

    All time classic for trading.

  • Chloe Chong
    2018-10-27 16:15

    Jesse Livermore is like a wonder to me, but this book clearly shows that he was best talented in Trading stocks.

  • Chuck
    2018-11-02 23:11

    Still relevantThough Jesse Livermore died in 1940, his stock trading advice is still relevant. Follow the lessons he learned from his decades of trading stocks through the recession of 1907 and the depression of 1929, as well as, insights learned from his study of human psychology.

  • David
    2018-11-08 19:22

    A Classic. Much of the advice given in this book still remains relevant today, especially for those who wish to trade Big Mo, as was Livermore's style.

  • Jess Kang
    2018-10-23 22:19

    Poise, patience, silence are the virtues successful Traders have.Take no tips.

  • Alan Bevan
    2018-11-01 20:24

    Fascinating to read how the 'old timers' traded. The fundamentals are basically unchanged.I was also interested at the hints of Livermore's sub-story which is to be found in the brief notes accompanying the photos in the book. For example, he was depressive and finally suicided. His wife shot his son. He went bankrupt a number of times. He was a womaniser. None of these things are related to his trading system (other than the bankruptcy perhaps) but they certainly add colour.The book is badly structured, repetitive, apparently piecemeal, but contains great advice for anyone contemplating the stock market. It is a study of human psychology as much as anything else.And I was fascinated to read that Livermore acted like Scrooge McDuck, getting locked in a bank vault with his money for a weekend once a year - ostensibly to review his trading strategies! Was there a bathroom??

  • Louis III
    2018-11-03 17:23

    Printed in 1940, Jessie Livermore detailed his method of trading stocks that made him one of, if not the best, trader in the 1930’s. His method of trading stocks is not what makes this book so special, it’s his subtle comments about the “way it used to be”. The markets changed so much from the “traders market” of the 1930s that he actually committed suicide very shortly after the book was printed. Jessie Livermore’s method of trading no longer worked when he wrote this book because markets where so much smaller.

  • Gary
    2018-11-09 23:15

    I enjoyed reading this simple book about the trading methods of Jesse Livermore, written by one of the most famous traders Jesse Livermore. To be sure, I never heard of him before either except for the books I have been reading often referenced his "famous book". Jesse was a trader in the Turn of the Century and up into the '40s, and so you know, trading in the 1929 Crash he walked away with 100 million in cash, 1929 dollars! Interestingly I have become more curious to his biography and his tragic life; it would probably make a great movie.

  • Su
    2018-10-22 19:22

    A very short book by Mr. Livermore himself. Technical analysis/Trend Following is much much more developed today than his time. Still, we can read the shine of his intelligence from this only book written by himself.

  • Hui Shi
    2018-11-14 17:37

    As i read this book, i was nodding and agreeing in silence. This book contains many jewels of trading wisdom.

  • Aaron
    2018-11-17 22:12

    if you follow IBD methods of stock buying, this book is a must purchase.

  • Scott
    2018-10-27 21:21

    The information in the back of the book is very helpful in understanding his trading rules.

  • Mike S
    2018-11-04 17:40

    Very interesting approach, one I never thought of before. I need more details before I'm confident I can trade this way but for a first book introducing me to Livermore it was very good.

  • Earl
    2018-11-08 15:27

    good basic ideas.

  • Nicky Lim
    2018-11-15 19:29

    Recommended by Dr Michael LeongGood book for speculators. Talks about timing and pivotal points