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If you have ever read the original, read this one, and my bet is you will appreciate it much more. When I first read "Reminiscences of a Stock Operator" in 1985, I have to admit, I found myself skimming it as it did not hold my attention. Nice. You can read the original here, or you can read a detailed history of the financial world in the late nineteenth century and early twentieth century, or you can read them both, all in this book. Markman has enhanced that book many fold. Not only is it now rich with financial history during that era, it brings to light much of the message that was not apparent in the original.
.yow want to really fast track your development as a successful stock trader.then read this book.Learn from a stock legends mistakes, experience's and learnings, deep insights onto the mind of a stock trader.
Being a trading billionaire who started from scratch and went broke a few times, he is an excellent man to get into the mind of Livermore on a modern basis.Who would benefit from this book: Historians would benefit, as would those interested in trading. Leverage cuts two ways. Jon Markman, an able financial writer, has written notes around the narrative, with pictures and graphs that illustrate many things that would be obscure to the reader of the book. Economists wanting to get a look at market microstructure would also benefit. It wasn't no-holds-barred, but it was close.We are experiencing our own era of leverage that is too high, and what happens when it breaks. I read Reminiscences of a Stock Operator around ten years ago.
In this case yes. Live by leverage; die by leverage.Paul Tudor Jones II writes an appendix to the volume, as well as a foreword. I was trying to understand trading dynamics in the market, and the book was mentioned frequently.It is a classic. The protagonist of the book, Jesse Livermore, aims for best advantage, and learns as he goes along, going broke several times in the process, and dying broke as well. Livermore, more than most, gives a full view of technical analysis, because he lays bare the motivations of players, and how other players attempt to devine those motivations. But can a classic be made better.
Markman brings forgotten people to life, and motivates the events that transpired.It was an exciting era, one where the common law of contracts played a greater role, and statutory law played a lesser role.
Thank you Mr. It was very hard to put down. Markman. This is my first time reading Reminiscences of a Stock Operator. I have read many books on trading but in reading this book I was so intrigued of the knowledge that I read 100 pages the day I received it.
The smitten book lays out everything in great detail. If you want this to be any clearer I suggest: "jesse Livermore, worlds' greatest stock trader" by richard smitten. I suggest reading lefevre(sp) and the smitten books. This book can be hard to follow at times because of the old writing style, but it is worth the read. You get the basics of trading and learn the back story of how the views were developed.
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