How to Trade In Stocks

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McGraw Hill Professional, Feb 17, 2006 - Business & Economics - 224 pages
2 Reviews

The Success Secrets of a Stock Market Legend

Jesse Livermore was a loner, an individualist-and the most successful stock trader who ever lived. Written shortly before his death in 1940, How to Trade Stocks offered traders their first account of that famously tight-lipped operator's trading system. Written in Livermore's inimitable, no-nonsense style, it interweaves fascinating autobiographical and historical details with step-by-step guidance on:

  • Reading market and stock behaviors
  • Analyzing leading sectors
  • Market timing
  • Money management
  • Emotional control

In this new edition of that classic, trader and top Livermore expert Richard Smitten sheds new light on Jesse Livermore's philosophy and methods. Drawing on Livermore's private papers and interviews with his family, Smitten provides priceless insights into the Livermore trading formula, along with tips on how to combine it with contemporary charting techniques. Also included is the Livermore Market Key, the first and still one of the most accurate methods of tracking and recording market patterns

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A fascinating book, containing the thoughts and ideas of a man whom immersed his heart and soul into the stock market. His ideas are profound and promising. The book itself is a compilation of different thoughts and ideas of his, this leads to tremendous amounts of repetition in each chapter. At first one is perturbed by the repetition, but in fact, as one continues to read, it feels natural, Livermore is talking to you, talking with you, and the repetition of his ideas over and over in a different guise of words, examples, and metaphors each time, advance your understanding of the underlying concepts, and just help to confirm their truthfulness in your mind. The style of "laid back conversational excerpts" also serves as an important tool of review, a tool which takes on particular importance in regards to the many new ideas in the book. "Thinking Aloud by Jesse Livermore" Is a more suitable title to describe what the book contains and feels like. 

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About the author (2006)

Jesse Livermore is a stock market legend who made and lost four stock market fortunes in 40 years. Livermore's revolutionary timing techniques, money management systems, and high-momentum approach to trading are as valid today as they were three-quarters of a century ago.

Richard Smitten teaches the "Jesse Livermore Trading System" and is developing "Trade Like Jesse Livermore" software. His other books include How to Trade Like Jesse Livermore and a number of novels.

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