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Reminiscences of a Stock Operator
My 2 cents
#1 Posted : Monday, November 08, 2010 9:32:07 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,075
I read this book over the weekend. FANTASTIC. It was written by Edwin Lefèvre in 1923 and I absolutely recommend it to y'all stock speculators. It amazing how human nature never changes, it felt like the book was wriiten 2-3 years ago.

The book accounts one man's exploits in the stock market in the early 1900's and all along he details what he learns through his successes and failures. It is a funny book but very insightful. There is somewhere in the book where he mentions that sometimes the marker is so bad that not even a skunk can make any scent Laughing out loudly

On another note, I was surprised that even in the early 1900's, investors in the States could go both long and short. When will our NSE get more sophisticated?
qw25041985
#2 Posted : Monday, November 08, 2010 9:44:20 AM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
@My 2 cents. Jesse Livermoore was a true genius. He started stock trading at 14 yrs . Where were you at 14 yrs old ..hahaha.

he used to make so much money in the bucket shops in boston that they ALL chased him away ...
Your future depends on your dreams so go to sleep !
My 2 cents
#3 Posted : Monday, November 08, 2010 9:53:22 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,075
qw25041985 wrote:
@My 2 cents. Jesse Livermoore was a true genius. He started stock trading at 14 yrs . Where were you at 14 yrs old ..hahaha.

he used to make so much money in the bucket shops in boston that they ALL chased him away ...

Glad to know you also loved this book. At 14, where was I at 14?
ProverB
#4 Posted : Monday, November 08, 2010 9:57:40 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
qw25041985 wrote:
@My 2 cents. Jesse Livermoore was a true genius. He started stock trading at 14 yrs . Where were you at 14 yrs old ..hahaha.

he used to make so much money in the bucket shops in boston that they ALL chased him away ...


i doubt even with his skill he'd have done the same if he was in kenya.. our NSE compared to NYSE is like comparing archaic batter trading befor currency to today's trade practices...considering that very many 14 year olds are invested in NYSE...and started much earlier.. consider all investing giants in that market.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
Aguytrying
#5 Posted : Monday, November 08, 2010 11:25:35 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Thanks for recommendation. Im always looking to increase my knowledge.
The investor's chief problem - and even his worst enemy - is likely to be himself
sheep
#6 Posted : Monday, November 08, 2010 1:30:19 PM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
There is another book he wrote during his down years called 'how to trade in stocks'.Its short,simple,precise and one of the best books ever written about the art of speculation...the book he says is not for the lazy,emotional,get rich quick kinda folks...they will die broke.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
ProverB
#7 Posted : Monday, November 08, 2010 3:21:24 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
sheep wrote:
There is another book he wrote during his down years called 'how to trade in stocks'.Its short,simple,precise and one of the best books ever written about the art of speculation...the book he says is not for the lazy,emotional,get rich quick kinda folks...they will die broke.



Hey!! nice book!!

http://uploading.com/files/get/Y16IJI4X/
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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