Customer Reviews

Stock Market Technique, No. 2 (Fraser Publishing Library)

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4 star:		(1)
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This is a compilation of articles written in the early part of the last century. The stories are fun to read, but more important there are messages that will serve to make you money, and help to preserve capital. It is funny, there is a 1929 chart of GE that shows the same type of rise and fall that we saw over the past year with many of the must own stocks. I found that what was true 70-100 years ago is still true today.

They say good things come in small packages and it is so true with this one. Good market wisdom never changes and everything in this book still applies today.

For those of you who don't know Richard Wyckoff used to have a magazine called "The Magazine of Wall Street". In it he would have articles written to teach his customers about the markets and how to trade sucessfully. This book was a part of some articles originally written in 1933 and 1934. It is full of great tid bits that mean so much to sucessfull trading that you can't find anywhere else.

He tells about market behavior and the difference between the way an amateur trades and a professional. Also discused is the way the professionals deceive the public with all their retoric. The emphasis is for the reader to learn on his or her own to make the best decisions without the influence of others. It is a great book for anyone who wants to learn more about investing or trading. I would call it a must read.

A quick read on how Livermore prepared each day, the kind of stocks he traded and some of his methodology. I am a huge Livermore fan and this is a nice addition to the collection.