JESSE LIVERMORE REMINISCENCES OF A STOCK OPERATOR - Worlds Best Stock Trader
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- เผยแพร่เมื่อ 29 ก.ย. 2024
- JESSE LIVERMORE REMINISCENCES OF A STOCK OPERATOR - Panic of 1907.
Jesse Livermore is simply a stock trading legend, his book REMINISCENCES OF A STOCK OPERATOR has been the foundation of many modern era trading strategies for the last 100 years. It's arguably the best stock trading book ever.
Jesse shares his experiences and lessons learnt in the stock market, from earning millions in the panic of 1907 to losing millions. It's a warts and all story that many aspiring stock traders can learn from.
Jesse Livermore suggests that stock markets have and always will be driven by the psychology of people. Strategies may have evolved but minds of the masses still drive the market cycles that we see today.
We also recommend the following stock trading books about Jesse Livermore:
• Reminiscences of a Stock Operator by Edwin Lefevre
• How to Trade in Stocks by Jesse Livermore
• Jesse Livermore: World's Greatest Stock Trader
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As a professional trader I have consumed hundreds of financial books and endured countless hours of self education. My hope is that this channel will reduce the learning curve duration of many aspiring traders by providing the key information in a concise and enjoyable manner.
I also offer a paid subscription service for those looking to see all my investment decisions.bit.ly/40S034v
Stanley Kroll mentioned in his book "The Professional Commodity Trader" that he often referred to "Reminiscences" as his bible. Whenever Stanley held a large position and was tempted to take early profits, he would read Reminiscences and his trading plan to curb his impatience. He also gave away many copies of Reminiscences to his customers. Hence, I was inspired to buy my first copy of Reminiscences in 1985. I have since bought at least 10 copies, given away most, and still have 2 that I would read every couple of years or so. While there is a lot of market terminology that have been long out of use, I would still discover new insights upon each re-reading.
Once again, I find that your summary of the book is accurate, and I congratulate you for a job very well done!! Thank you!!
Thankyou! 🙏
Thanks Gareth. A great summary of one of my favourite books. Timeless. The markets may change, but people don't.
Couldn't agree more!👍
I just found this channel and the first five videos I watched were books I had previously read. Your summaries are spot on and easy to understand. I look forward to watching them all. Well done, and thank you!
Great to hear, thanks Ron👍
So far , the best strategy is to trade with a professional who understands the market quite well , that way maximum profit is guaranteed.
Hey guys , I don't know anything about investing and I'm looking to invest , any help ? As well who can I reach out to?.
Just learn to work with Experts, ignore the bearish trend of the market currently.
I will always recommend Expert 'MARTHA ALONSO HARA" to anyone who wishes to invest in the stock market, her strategy is working and i'm making good profits.
You are right, the market can be really profitable using a good broker or account manager to help out with trades or provide Signals.
@@raymondbarnes5264 please any medium of reaching her?.
now I know where charlie munger and warren buffet got their ideas
Absolutely and so many others
is this the same book as " How to trade in Stocks"?
similarities
Thank you for this. Focusing in on the short term is possible today. I am not good with fundamenals for long term. We know he used point and figure charts and the double bottom pattern. IF look at good tech stocks with a three box reversal in the trend the odds are in your favor.
You got this!
@@FinancialWisdom thank you again -spread the word make a vid time charts distort price action. The trend is your freind. Three box reverals.
@@anthonyballog8026what is the 3 box reversals.. Where i can read about it..
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U
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Edgewonk Trade Analysis Software - bit.ly/3xS6S7s
Stock Screener & Backtesting - bit.ly/3oO1exN (20% Off Code = FWSDM)
Stockopedia - bit.ly/2YIcAIn (25% Discount)
Jrj
Tjiri
No
Really the first detailed record of a speculator that we have on record. Jesse's influence will live on forever.
Very true
Did he remeniss about his suicide? Not a guy to copy
Jesse Livermore is the greatest trader of all times.
he's up there....
Absolutely false or else he wouldn’t have died bankrupt.
@@jeff-hh9mche didn't die bankrupt. His estate was worth $5 million at the time of his death. It wasn't his peak but he wasn't poor neither. And he only lost when he broke his rules which his lifetime depression contributed to breaking his rules. So yes he was the greatest trader of all time not necessarily because of how much made but because his trading strategies are still used today by the best traders today even if they don't know it.
I agree. Best trader of all time
@@jeff-hh9mc his estate was worth $5 million when he died. He wasn't broke.
Mark my Words, Your Channel will be subscribed by millions of people next few years.. Your Videos are Amazing...
Thanks Nagaraj! fingers crossed😃🙏
Honestly I've found it a very boring autobiographical book, with very few useful informations and many many details of his daily living
Have to read it several times and take down the few key nuggets of information. He kept it simple
@@bibbidi_bobbidi_bacons I’ve read it three times. Only nuggets I got were
-you’re not tied to the market. Up or down your responsibility is to make money. Long when it goes up and short when it drops.
-most stocks once they cross a plateau rocket past it and don’t really slows down until the market turns bear.
-tips are usually a complete scam and should be avoided.
Didn’t get much else.
amazing as always. may i give you a video book idea? The new trading for a living by Dr.Alexander Elder. maybe u could have it on you list? thanx, and keep up the good work! big fan!
👍
One of my favourite books regardless of the topic, is so fun to read
thank you for the great summary
Glad you enjoyed it!
I believe that, despite his excitement over adopting more fundamental information and achieving success, Jesse would've become the richest man in the world if he had stuck to his technical system...and wouldn't have been driven to suicide because of his losses. I hypothesize that in 1929 he attempted to duplicate his success of 1907, where he bought at the extreme lows and made a second fortune on the way up.
Jesse admits in the book that more money doesn't mean more security because a trader will simply use all that he has.
The poor fellow probably took his entire $100 million ($billions in todays dollars) and began buying after the first down-leg of the '29 crash. Unfortunately for him, the absolute bottom of the 1929 crash didn't occur until 1932, dropping another 60%+ from the first-leg low...and Jesse was forced to declare bankruptcy yet again despite being one of the wealthiest men in America.
Yep crazy really..
So basically he over leveraged himself and would have made trillions if he could have weathered the storm?
@@i_i8924 Yes...we've all been there. We have a system that works, but once we get a pile of cash we throw out the system because now we are investment "geniuses," so who needs a system?
I really feel for Jesse because I'm pretty sure I know what happened.
I don't know if he was driven to suicide, his last wife was Harriet Metz (?) forgot her last name. This 'black widow' had been married several times before she met Livermore and they all supposedly committed suicide. Yeah, something 🐠 fishy there.
Is NVIDIA now in pullback or is it already in stage 3 or stage 4 market cycle?
You are not listening are you
They were dealing in different times back then... I think there was a lot of, what would be illegal, today things going on.
I read this 50 years ago. I liked the passage that says while having sex, Edwin was thinking about trading and when he was trading he was thinking about sex.
just FYI, the hand and animations all over the videos are annoying, better to whiteboard it
It looks like he was buying tops and selling bottoms for the most part.
Thanks for the summary! I was struggling to understand the book and this help!
You're very welcome!👍
Chapter 5 of this book is best piece of Trading Wisdom ever written.
Nice on brother. Love the way you present the importance stuff. May I suggest you to do on forex?
Sure, I'll add it to my list...
Forex is nowadays traded by Algos.
Fantastic channel I am learning a LOT!
Hi, How to differentiate a phase 3 distribution or phase 4 mark down from a stock correction ?which stage now Nvidia is in? Thanks
Great strategy asking for tips to trade on
@@kippsguitar6539 shut up
8:50 good point,.........
I really enjoyed that one mate !!
Great video. Thank you so much!
Thank you!
Would love a summary/your personal opinion on Jesse's book "How to trade in stocks" Love your channel thanks very much!
Thanks Ali. I plan to release my complete strategy once i get to 100k subscribers😉
I think you missed an important fact that Livermore suicided himself because he couldn't take more losses on the markets
True
I thought he suicided because his wife cucked him...?
10min film and 4th ad before 5min. not cool
Really wow that way too much....🤔👍
Next on my reading list
Crazy life of Jesse Livermore. Great learning. Thanks 😊
Thank you! Excellent review
Glad you enjoyed it!👍
8:11
8:20
It's really helpful thank you so much 🤗
You're welcome 😊
Thanks for the summary!
My pleasure!
Great video. Love the way you use videoscribe. 👍
Thanks Money Penny!
Thank you. Learned a lot form your video
Glad it was helpful!
I like your videos. May i know what app u use for this video creation
Hi - Videoscribe.
@@FinancialWisdom thanks
Very nice summary of Livermore the old legend!
Thanks Cagri
yes
:-)
Cut your losses and let you winners run was a game changer for me
Good summary, maybe more ads please lol.
lol ok....
Can you do a video about his many mistresses?
😊
@@FinancialWisdom
With photos.
I absolutely love your summaries.
The only thing that has changed since Jesse Livermore is that computers trading have different patterns than people. HFT's can see orders and jump ahead so they get the best price and sometimes force a higher fill if it's a market order, this should be considered insider trading; but the SEC looks the other way. Some algorithms short break outs and hope that traders will all get stopped out (or sell by choice) and that can hurt some chart readers. Some sell when they see a bunch of accounts selling, a trader spoofed them and made a killing in the market; only to be attacked by watchdogs who called it market manipulation (but he was really just doing what the big boys do to the little guys all the time.) There are traders who have bots, generally the best is bots that snipe a few cents many times a day and hopefully give a safe return of $1000 a day to a well funded trader. Major firms have the ones like I described earlier, but it seems out of fashion to do the first kind of trading and after getting spoofed they probably adjusted the algorithm. I don't know what they do now. The more individuals are in the market, the more emotion based old fashioned chart patterns work.
Thanks Bob!
...and 2020 (in conclusion)
🤔
Very nice explanation..
Thanks and welcome
Thank u for making these quality videos. Love from Nepal 🇳🇵
Glad you like them!
where did u got those old pages with charts and rules? I read the complete book, none is present.
Its surprising what is available on the internet
Your voice is similar to James jani
Not sure if thats a compliment or not..... :-)
@@FinancialWisdom 🤣🤣🤣
@@FinancialWisdom Very soothing voice u have.
I thought you are the same person before
Thank you
Well Presented.. Easy to watch and absorb information.
Thank you 🙂
Hi Financial wisdom
vary vary thanks
thank you!🙏
Another great video. Keep the good work.
Thanks Supcnr👍
Very nice video. Thank you.
Thank you too
beautiful
Thanks Tasha!
♥️♥️♥️♥️♥️
🙏
Awesome!
Thank you! Cheers!
@@FinancialWisdom Any possibility we can collaborate on a cash giveaway I’m doing?
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts.
I have been seeing so many recommendations about Mrs Anna Hamilton on whatsapp and telegram trending, her strategy must be good for people to talk about her
I did invest with her and I made huge profits of about $12,000 from my initial $2400
I just withdraw my profit last two days before now. am glad i did invest with them still reinvested and the trade is ongoing
Honestly, this is where my question lies I have lost over $500 in trading. How can I be oriented or educated about forex trade.
As always you give excellent knowledge in hilarious doodles.lol
Glad you like them!
Too many ads man,, super distracting
Sorry Armando, I hope the value makes up for the distraction, the ads make my time a little better paid😉