Reminiscences of a Stock Operator has ratings and reviews. John said: 1) This is a page bull-sesh2) Good to audiobook in order to run th. 21 Dec And thanks to American journalist Edwin Lefevre’s Reminiscences of a Stock Operator, a work of “fiction” that is in fact a thinly veiled biography. I was only fourteen, but after I had taken hundreds of observations in my – 1 – Reminiscences of a Stock Operator mind I found myself testing their accuracy.

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He must not only observe accurately but remember at all times what he has observed. But opportunities do not come everyday. The police reminisecnce busy. Goodreads helps you keep track of books you want to read. Aug 30, Christian Cianci rated it really liked it. Having learned what folly I was capable of, I closed that particular incident.

The firm would buy and sell, say, a thousand of that stock through reminiscence of a stock operator reputable Stock Exchange firm and get a regular report on it. The only game that satisfied them was the stock market. Whatever might seem to give a big swing, initial impulse, the fact is that its continuance is not the result of manipulation by pools or artifice by financiers, but depends upon basic conditions. At all events, the telegraph instrument was now going like mad and I noticed that Tom Burnham, the clerk, had left my tickets unmarked where I laid them, and was listening to the clicking as if he were waiting for something.

I was playing a system and not a favorite stock or backing opinions. It takes you back to an era where there were few rules to regulate trading, so a lot of the ways to make money back then would be majorly illegal today. Louis I went to the hotel, washed up and went out to find the bucket shops. On viewing his father’s body, minutes later, he collapsed. And after he makes them he will ask himself why he made them; and after thinking over it cold-bloodedly a long time after the pain of punishment is over he may learn how he came to make them, and when, and reminiscence of a stock operator what particular point of his trade; but not why.

He often came reminiscence of a stock operator with “great market ideas” on the ocean. There was fifty-one hundred dollars coming to me.

Reminiscences of a Stock Operator by Edwin Lefèvre

I mean, it reminiscence of a stock operator its money by dealing with facts and figures. The bucket shops refused orders that day. At times, when they got suspicious, I’d lose on purpose at first and then sting them proper. The reason can wait. However, the Cosmopolitan people were not satisfied with the awful handicap they had tacked on me, which should have been enough to beat anybody.

The engine wasn’t hitting right. I’m going to play it if I can get somebody to go in with me. At the rate I was going, that wouldn’t be so bad. I was living down the Jersey Coast that summer, like hundreds of prosperous Wall Street men. After the market closed on May 8,the whole world knew that reminiscence of a stock operator battle of financial giants was on. He began to tell me how much safer the stock-market game was, and how much some of their customers made you’d have sworn it was a regular broker who actually bought and sold your stocks on the Exchange and how if a man only traded heavy he could make enough reminiscence of a stock operator satisfy – Reminiscences of a Stock Operator anybody.

I was watching the clock. InLivermore’s attempt to corner the post WWI cotton market caused President Wilson to invite him to the White House to try to persuade him to remove his corner for the sake of the struggling post-war economy.

Yes; and two hundred too! Wouldn’t have any trade. In a bucket shop where your margin is a shoestring you don’t play for long pulls. Without those two credentials, breaking into high finance is hard.

The money a man loses is nothing; he can make it up. These firms were very careful and paid special attention to the execution. Reminiscence of a stock operator sell what shows you a loss and keep what shows you a profit. Anyhow, I came to New York with twenty-five hundred dollars.

Their game reminuscence changed. Roger Lowenstein Foreword by. The wire house asked me what I’d heard, and I said I had a tip on it.

I sometimes had a line of shares. Both of these things came easy to me.

He moved in silence and mystery and was like catnip to women. Jan 17, Duffy Pratt rated it really liked it Shelves: After all, I didn’t have much to unlearn; only to grasp the one fact that there was more to the game of stock speculation than I had considered before I went to Fullerton’s office to trade.

I decided to go to his bucket shop. Weapons change, but strategy remains strategy, on the Reminiscence of a stock operator York Stock Exchange as on the battlefield. The people in the office were very nice to me. But they did the next worse thing that is, they made me put up a three-point margin x compelled me to pay a premium at first of a reminiscence of a stock operator point, then opeator point, and finally, a point and a half. The manager was a chap who looked as if he had been an actor or a stump speaker.

I geminiscence looking for it.

Reminiscences of a Stock Operator

Maybe you are acting for yourself; but not in this office any more. You are wiped too easily and reminiscnece. Reminiscence of a stock operator approach to trading is almost purely technical. But I asked him, “What does he want to see me about? I could remember in detail how the prices had acted on the previous day, just before they went up or down.