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One of the most important thing you have to take toward being a good trader is keep your brain working by feeding it with positive information and market data. Here you can find good books and strategies which will fill your need.

Monday, July 16, 2007

Reminiscences of a Stock Operator by Edwin Lefèvre


Reminiscences of a Stock Operator1 is a story about a trader who understood that he could make money if he could figure out what the prices were telling him.

Reminiscences is the thinly disguised, fictionalized "auto-biography" of Jesse Livermore, an exceptionally colorful and flamboyant speculator in stocks and commodities in the early- to mid-twentieth century who made -- and lost -- four multi-million dollar fortunes. A contemporary of other legendary traders such as Arthur Cutten, Jay Gould, James Keene and John D. Rockefeller, Livermore was once blamed for causing the 1929 Crash and for precipitating every market break from 1917 to 1940. Equally adept in the stock and commodity markets, Livermore is one of the most exciting figures haunting the annals of American market history.

All throughout the book, amidst the inspiring stories and witty humor, the reader will find numerous pieces of advice - on anything from human psychology and public behavior to insider trading and investing/speculation strategies. I completely agree with other reviewers who state that this book needs to be read more than once. You simply won't absorb all the useful information the first time. Maybe not even the first two times. Or three.

Download here.
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