To me this book was primarily a history lesson on the early 20th century stock market. It details the life of Jesse Livermore and the lessons he learned trading stocks. It also does a great job giving a history lesson on the stock market of the time.
I would recommend this book to the following people:
1: You are either a new stock trader or looking to be one. Having a history of the market will help your trading. There are some very valid points made about the importance of keeping emotions out of trading and listening to yourself more than the "experts".
2: You are a history buff and want to learn about the stock market from the peoples point of view and not just numbers and what happened.
3: You like a good biography.
At least some basic stock market knowledge is recommended in order to truly appreciate this book.
Author(s): Richard Smitten
Edition: 1
Publisher: Wiley
Year: 2001
Language: English
Pages: 334
Jesse Livermore World's Greatest Stock Trader......Page 2
Contents......Page 8
Preface......Page 10
Acknowledgments......Page 14
chapter one The Great Bear of Wall Street......Page 16
chapter two The Back Story......Page 34
chapter three The San Francisco Earthquake Rumbles in New York......Page 54
chapter four The Crash of 1907......Page 78
chapter five The Cotton King......Page 100
chapter six Back on His Game......Page 122
chapter seven Perfecting His Market Theory......Page 142
chapter eight Stock Pools and Scandals......Page 166
chapter nine Boston Billy......Page 190
chapter ten The Crash of 1929......Page 206
chapter eleven When to Hold and When to Fold......Page 220
chapter twelve Livermore’s Money-Management Rules......Page 238
chapter thirteen Livermore’s Luck Sours......Page 260
chapter fourteen The Shooting of Jesse Livermore Jr.......Page 280
chapter fifteen Facing the Grim Reaper......Page 292
appendix Livermore’s Laws and Trading Secrets Revealed......Page 316
Sources......Page 330
Bibliography......Page 332
