my chances?

Originally posted by dotslashfuture
Read "reminiscences of a stock operator" that was published in the 20's. If you read that book and absorb it you will know a lot more than the general public. It also might inspire you because it is about a guy who was a self employed trader by the time he was 21. Based on a true story but partially fictionalized.
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Not a bad idea...I have read the book more than once. It is, however, quite dated. When old Jesse traded, the rules were a lot different (non existent?). But certainly worth reading. NOT however, the equal to Herbert Yardley's "Education of a Poker Player". Also a bit dated, but poker hasn't changed as much as stock trading. And it is easier to find a poker game than a good trading firm! And the learning curve is a lot shorter, and hopefully less expensive:)
 
The rules of the exchange were different when Jesse was walking the boards there, but the principles of trading remain the same. Read the book over and over, it will help. I contend that Jesse could trade today and make a great living if he were alive. The traders who learned during the depression and some of the other bear markets 68-82 comes to mind seem to know how to eke out a living and patiently wait until the market is ripe for trading to make a few bucks. Days like today must be taken advantage of in a slow bear market with the summer approaching.
 
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