Reminiscences Of A Stock Operator Summary
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Summary of Edwin Lefèvre's Reminiscences of a Stock Operator
Author: Everest Media,
language: en
Publisher: Everest Media LLC
Release Date: 2022-05-02T22:59:00Z
Please note: This is a companion version & not the original book. Sample Book Insights: #1 I was a quotation-board boy in a stock-brokerage office when I was 14. I was good at mental arithmetic, and I enjoyed posting the numbers on the big board in the customers’ room. I was interested in the behavior of prices, and I kept a record of my observations. #2 I first began to pay attention to the message of the tape when I was 14. I would write down the stock and the price on Monday, and remembering past performances, I would write down what the stock should do on Tuesday and Wednesday. #3 I was 15 when I had my first thousand dollars, made in the bucket shops. I was making a good living. I began in the smaller bucket shops, where the man who traded in twenty shares at a clip was suspected of being John W. Gates in disguise or J. P. Morgan traveling incognito. #4 I was a one-man business, and I kept my business to myself. I didn’t have a following. I kept my prices either going the way I wanted them to, or they went the other way, and nobody could stop them out of kindness to me.
SUMMARY - Reminiscences Of A Stock Operator By Edwin Lefèvre
* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. By reading this summary, you will discover the rules of speculation through the mistakes and reflections of Jesse Livermore, legendary Wall Street speculator. You will also discover : that speculation is a game driven by the market, woe betide anyone who thinks he can beat it; that the pipes or the press are rarely trustworthy; that successful speculation goes hand in hand with a calm and liberated mind; that while the market evolves with the times, the game itself remains unchanged, and human nature tends to repeat the same mistakes over and over again. Jesse Livermore (1877-1940) was one of the greatest speculators of his time. Self-taught, he began his career at the age of 14 as a stockbroker and managed to reign on Wall Street after many setbacks. His memoirs, written by Edwin Lefèvre, retrace his career in detail and present, through the analysis of his mistakes, the rules of stock market speculation. Published in 1923, they remain a fundamental book where the experienced stockbroker recalls his own experience, where the beginner learns how to improve his practices and where the curious discover a fascinating universe in which the game makes and undoes fortunes. You wish to invest in the stock market? Are you tired of your colossal losses or derisory gains? Stop being a sucker and adopt the attitude of a well-informed speculator! *Buy now the summary of this book for the modest price of a cup of coffee!
Summary of Edwin Lefevre's Reminiscences of a Stock Operator
Get the Summary of Edwin Lefevre's Reminiscences of a Stock Operator in 20 minutes. Please note: This is a summary & not the original book. "Reminiscences of a Stock Operator" chronicles the journey of a young stock operator who begins his career updating stock prices and quickly develops a knack for predicting market trends. At twenty-one, he moves to New York with $2,500, only to face losses due to a lack of discipline. After a financial wipeout, he returns to bucket shops, where he trades successfully but faces limitations...