Reminiscences of a Stock Operator...

Quote from Hydroblunt:

Let me guess, because it does not provide you with a trading system or a holy grail?

I am reading the book now, it is amazing because you can literally read a passage and say to yourself "I was just in that same situation a day or two ago".

Forget bullshit rules, Livermore speaks from experience and shares that experience in a realistic portrayal instead of worn out statements.
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NO, I gave up the holy grail search awhile back, thank you. I realize that they dont exist. And those that DO exist, only exist in very specific market conditions...

Listen, Again, I liked the book. But it seems like everyone jumps on the bandwagon, and salivates over it....
 
Quote from iceman1:

if this isn't ONE of the best books ever then what is ... in your opinion bro?

My view is as time goes on and the more you trade and are involved in the markets, the more this book reveals. In other words on the first reading many don't even gain the insight, yet later readings will shed more pearls of wisdom, and one will eventually understand that in the simplicity of the story is contained all one really needs to know to be a successful trader. IMHO.

Good trading

Ice
:cool:
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Good point. I think the main gist is that you can never get ahead of yourself. Stay humble b/c the market will humble you if you give it the chance.

Also, dont inflict your will upon it, listen to what it is telling you, even if you are on a hot streak..

my .02
 
I started trading a little while ago (nice timing?) Reading Reminiscences really helped me and I always get something out of it when I re-read. Another non trading tome I really like is an e-book.

http://www.futuresmag.com/futuresclassroom/phantom/phantom.html

Anybody else read this? It has helped me a lot. I am still working on getting better at "adding correctly".

But it has helped my returns dramatically to be getting bigger in the trades that are trending FOR ME!!!
 
Quote from science_trader:

Again one of these books where a guy takes a maximum of leverage and doesn't do like the others. Had he lost everything and disappeared no one would have cared. He became rich (although he lost everything too more than once...), then he's a hero... Survival bias again.

However, it's the best book of that kind, for sure !
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Erm....he did lose everything. Several times.
 
you can get the CD recording of the book. its 9 discs. i listen to it on long trips.


Quote from specul8tr:

I started trading a little while ago (nice timing?) Reading Reminiscences really helped me and I always get something out of it when I re-read. Another non trading tome I really like is an e-book.

http://www.futuresmag.com/futuresclassroom/phantom/phantom.html

Anybody else read this? It has helped me a lot. I am still working on getting better at "adding correctly".

But it has helped my returns dramatically to be getting bigger in the trades that are trending FOR ME!!!
More...
 
Quote from mdl060374:

Good point. I think the main gist is that you can never get ahead of yourself. Stay humble b/c the market will humble you if you give it the chance.

Also, dont inflict your will upon it, listen to what it is telling you, even if you are on a hot streak..

my .02
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for sure...
 
Quote from mdl060374:

[B.

Listen, Again, I liked the book. But it seems like everyone jumps on the bandwagon, and salivates over it.... [/B]
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hey mdl

Are you by any chance a daytrader? If so, the book may not seem as relevant to you. As a longer term trader, it is by far the most enlightening book I've read.

Did you ever read Market Wizards or The New Market Wizards? The big fish in those books said repeatedly that what matters in trading is ultimately between your ears (although we all know that one must have an edge going in). I think that's why Reminiscences is my favourite book.

Anyway, I'm one who thought it was the best trading book I had ever read before I found out that everyone else thought it the best ever written.
 
I think the first 1/4 of the book was very good, but then it became painfully slow.

Personally, I think Livermore was a degenerate gambler.
 
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