How To Trade In Stocks

One of America's most colorful and flamboyant speculators, was a man who made---and lost---four multimillion dollar fortunes; Jesse Livermore. According to some, he was to blame for the 1929 Crash and for precipitating every market break from 1917 to 1940. This book is Livermore's legacy to the speculator for all tim, in which he states his philosophy of trading and lays down the list of rules that are necessary to win at the speculative process. This valuable book, by a Wall Street giant, is a collector's item.

This book sets forth the specific trading techniques and methods used by Livermore. It has been out of print for many years and generally unavailable to the trading public.

Table of Contents

1. The Challenge of Speculation
2. When Does a Stock Act Right?
3. Follow the Leaders
4. Money in the Hand
5. The Pivotal Point
6. The Million Dollar Blunder
7. The Livermore Market Key
8. Explanatory Rules
9. Charts and Explanations for the Livermore Market Key

Jesse Livermore was one of the greatest stock market traders who ever lived. He called the crash of 1907 and made $3 million in a single day. In 1929 Livermore went short and made $100 million as America rolled into the Depression. He was personally blamed for the "Crash of 1929."

Livermore was called "The Boy Plunger,- 'The Great Bear of Wall Street," "The Wolf of Wall Street," and "The Greatest Stock Trader Who Ever Lived." He started trading when he was 15 years old in the famous bucket shops of his era, where you could get 10% margin. These places were more like horse racing betting parlors than stock brokers offices. By the time he was 20 years old he was banned from all bucket shops in the countrybecause he was beating them so badly.

When he was 45 years old he married a beautiful 18 year old Ziegfield Follies showgirl. They lived in an opulent style: a mansion on Long Island with a dining room table that sat 46 people, a 300 foot yacht anchored in the back that took him to Wall Street and a beautiful private railway car that took him to Palm Beach for the winter and Lake Placid for the summers. Livermore had two handsome sons by this wife. She was later, in 1934, to shoot her own son in the chest with a rifle during a drunken argument.

This book, written by Jesse Livermore, outlines his unique method of dealing with what he called the three essentials in successful stock market trading: Timing, Money Management and Emotional Control. In this book his secret techniques and methods are revealed for the first time in a plain easy-to-read style. There are updates including graphics, charts and personal anecdotes provided by Richard Smitten, author of "The Amazing
Life of Jesse Livermore: World's Greatest Stock Trader,"
also published by Traders Press.