5 Responses to “Jesse Livermore: World’s Greatest Stock Trader”

• By QuaSyLaTic on Mar 13, 2010

  A very engaging real life story of one of the world greatest speculators : the great success of Market Trading (making 100 million during the Great Crash of 1929, while others committed suicides), and the tragedy of himself and family.

  While maximum trading disicpline calls for emotionless and cold behavior to observe the unforlding patten and trend of the market, the EQ seems to suffers badly.

  His success story in market trading is better appreciated when one has good grounding and experience in Technical Analysis TA(refer my internet tuition class on TA coaching, http://groups.yahoo.com/group/360qBC03/). It seems that Livermore’s mind is equivalent to today computer with TA software of charts, patterns and trends, and having the highest disicpline in objectivity he turned thousand dollars into millions.

  For those who want to be successful and skillful investors, read the book and follows some of his discipline, while maintain you EQ.

  QuaSyLaTic, Andrew

  http://www.360q.com
  Rating: 4 / 5
• By fx trader on Mar 13, 2010

  The ‘Reminiscensces’ has more details about JL’s tradings, this one has more about his personal life. Information seems mostly from newspapers, friends and his son, very second hand, and I can see none of them seem to know enough about JL.

  Anyhow, it is good to read through his story (just partially, I guess), learning how tragic it can be if you cannot manage your personal and family life properly. The best skills in trading couldn’t help.
  Rating: 3 / 5
• By Jay Chiew on Mar 13, 2010

  If you are taking a break from your usual trading day, this might prove to be a fun, provoking and easy to digest book. It may leave some trading questions ringing, leading you to think about your own psychology of trading.

  It can be a nice break for those of you who reads a lot of heavy trading books.
  Rating: 4 / 5
• By Kevin E. Ramsey on Mar 13, 2010

  If you’re going to trade stocks, then you need to read this book.
  
  It’s a trader’s bible, and the historical information on the times in which he lived is invaluable.

  If you’re not an active stock trader, it would still be an interesting book for you, just to find out about what the Country went through in that time period.

  If you care about stocks, like some people care about sports; in short if you’re a stock addict, then this is the book.

  Otherwise, look in the fiction section.
  Rating: 5 / 5
• By Ron Stickel on Mar 13, 2010

  A surprise to me was that not once did the usual fundamental analysis enter the picture. There are no secret formula or tricks. Simple reasoning will tell you that a stock rising in price is making you money and a declining stock is costing you.
  When you pull the trigger to buy or sell is up to you but Jesse says 10% MAX. LOSS; Long or Short.
  Analysists may tell you that a stock is going to go up or down, wait until it starts to move. You won’t catch the tops or bottoms and you may get whipsawed a couple times but when a TREND starts, UP or DOWN you’ll be there.
  Rating: 5 / 5

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