Reminiscences of a Stock Operator (Wiley Investment Classics)
by Edwin Lefèvre
List Price:
Our Price: $11.52
You Save: $10.43 (48%)
Availability: Usually ships in 1-2 business days
Buy Used: from $10.90 (click here)
Category: Book
See more book details and other editions
Book Summary Information
Author: Edwin LefèvreForeword: Roger Lowenstein
Edition: Paperback
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2006-01-17
ISBN: 0471770884
Number of pages: 288
Publisher: Wiley
Book Reviews of Reminiscences of a Stock Operator (Wiley Investment Classics)
Book Review: "Fear keeps you from making as much money as you ought to"
Summary: 5 Stars
I have reviewed a few books and had some reservations about reviewing "Reminiscences of a Stock Operator" because there are hundreds of positive reviews out there already for this book. After all, this is the bible of stock trading. Only a complete amateur, or total beginner would trade in the stock market without reading this book first!
I will try to keep this review short. Basically, if you are going to trade, you need to understand how the market works and how the market is manipulated. Strong-hands (mutual funds, hedge funds, very large private investors, small countries, etc ) will always try to buy quietly during periods of low activity in a stock. When they have accumulated their line, they then start to show action in the stock and cause the price to rise. They run it as high as they can, getting the weak-hands (average investors, smaller investment groups, stupid hedge funds, etc) to buy this stock. Then the strong-hands start to unload (distribution) at a great profit. They then start shorting the market and profit from the stocks inevitable decline. Then they look for the next target stock and start all over again.
This book was written about 80 years ago and the game has remained the same. Because even though the names change, and the products offered change, the psychology of human emotions remains unchanged. Humans are ruled by fear and greed. As long as that is true, a select few who completely understand themselves and control their emotions will always take the money from the huge masses that let fear and greed control them.
I just finished reading this book for the third time in four years and I picked up many ideas from it. This book is a classic and as you learn and experience more in the markets, when you read it a second or third, or twentieth time you will pick up more and understand the markets more.
Some people say Jesse Livermore was a failure because he died broke and killed himself in a restaurant bathroom. Forget the way he died, learn from the way he lived. He started poor, worked hard, and made a fortune. Only to lose that fortune when he strayed from his trading rules. Then he made the money back, lost it again, and repeated that cycle a few times. This was a man that understood the market and understood human psychology. You can learn from his lessons and from his mistakes.
If you trade, or are thinking of trading or investing, READ THIS BOOK.
Another reason to read this book is to finally learn where most of the quotes used in the financial markets come from. 80 years old and we are still using the timeless wisdom of this book on a daily basis. I know I do, I trade price action and one of the reasons I understand it is because of this book.
More Reminiscences of a Stock Operator (Wiley Investment Classics) reviews:
1 2 3 4 5 6 7 8 9 Newest Review
1 2 3 4 5 6 7 8 9 Newest Review
Finance Books
Book Subjects
- Arts & Photography
- Biographies & Memoirs
- Business & Investing
- Children's Books
- Comics & Graphic Novels
- Computers & Internet
- Cooking, Food & Wine
- Entertainment
- Gay & Lesbian
- Health, Mind & Body
- History
- Home & Garden
- Horror
- Law
- Literature & Fiction
- Mystery & Thrillers
- Nonfiction
- Outdoors & Nature
- Parenting & Families
- Professional & Technical
- Reference
- Religion & Spirituality
- Romance
- Science
- Science Fiction & Fantasy
- Sports
- Teens
- Travel
Most talked about in Finance Books
The Complete Idiot's Guide to Beating Debtby Steven D. Strauss
Alpha; Published: 1999-11-18; Mass Market Paperback; Book
Best price: $0.01
Price in other shops:
The Complete Idiot's Guide To Wills And Estatesby Steve Maple
Alpha Books; Published: 1997; Paperback; Book
Best price: $0.01
Financial Management and Recordkeeping: Activity Guide and Working Papers IIby McGraw-Hill
Glencoe/McGraw-Hill; Published: 1993-08-26; Paperback; Book
Price in other shops:
The Panic of 1907: Lessons Learned from the Market's Perfect Stormby Robert F. Bruner, Sean D. Carr
Wiley; Published: 2009-04-27; Paperback; Book
Best price: $9.37
Price in other shops:
Financial Institutions, Markets, and Moneyby David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard L. Peterson
John Wiley & Sons Inc; Wiley; Published: 2008-01-14; Hardcover; Book
Best price: $28.25
Financial Accounting: Reporting and Analysisby Earl K. Stice, James Stice, Michael Diamond
South-Western College Pub; Published: 2001-12-28; Hardcover; Book
Best price: $11.65
Price in other shops:
The Money Book for the Young, Fabulous & Brokeby Suze Orman
PBS; Penguin Audio; Published: 2005-03-03; Audio CD; Book
Best price: $16.04
Price in other shops:
Money, Banking and Financial Marketsby Stephen Cecchetti
McGraw-Hill/Irwin; Published: 2007-08-17; Hardcover; Book
Best price: $34.61
Understanding Financial Statementsby Lyn M. Fraser, Aileen Ormiston
Prentice Hall; Published: 1997-11-20; Paperback; Book
Best price: $31.15
Price in other shops:
Foundations of Financial Management (The Irwin Series in Finance, Insurance, and Real Estate)by Stanley B. Block, Geoffrey A. Hirt
Mcgraw-Hill College; Published: 1999-07-01; Textbook Binding; Book
Best price: $29.40
Price in other shops:
Similar books summaries and other product reviews
The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionairesby Michael W. Covel
HarperBusiness; Published: 2009-02-24; Paperback; Book
Best price: $9.55
Price in other shops:
Market Wizards: Interviews with Top Tradersby Jack D. Schwager
Harper Paperbacks; Published: 1992-12-17; Paperback; Book
Best price: $8.69
Price in other shops:
How I Made $2,000,000 in the Stock Marketby Nicolas Darvas
Martino Fine Books; Published: 2009-10-23; Paperback; Book
Best price: $7.00
Price in other shops:
Stan Weinstein's Secrets For Profiting in Bull and Bear Marketsby Stan Weinstein
McGraw-Hill; Published: 1988-01-01; Paperback; Book
Best price: $8.60
Price in other shops:
Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitudeby Mark Douglas
Prentice Hall Press; Published: 2000-04-01; Hardcover; Book
Best price: $26.18
Price in other shops:
How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Editionby William O'Neil
McGraw-Hill; Published: 2009-05-18; Paperback; Book
Best price: $8.99
Price in other shops:
How to Trade In Stocksby Jesse Livermore
McGraw-Hill; Published: 2006-02-17; Paperback; Book
Best price: $10.97
Price in other shops:
How I Made $2,000,000 in the Stock Marketby Nicolas Darvas, Nicholas Darvas
Classic Business Bookshelf; Published: 2011-01-25; Paperback; Book
Best price: $7.89
Price in other shops:
Market Wizards: Interviews with Top Tradersby Jack D. Schwager
Marketplace Books; Published: 2006-02-02; Hardcover; Book
Best price: $8.21
Price in other shops:
The New Market Wizards: Conversations with America's Top Tradersby Jack D. Schwager
Marketplace Books; Published: 2008-09-15; Hardcover; Book
Best price: $7.54
Price in other shops: