Amazing Life of Jesse Livermore: World's Greatest Stock Trader (Hardcover)

~ (Author) "On that same morning of October 29th, at exactly seven twenty, not seven nineteen, or seven twenty-one, Jesse Livermore stood at the massive entrance to..." (more)
Key Phrases: New York, Jesse Livermore, Wall Street (more...)

Editorial Reviews

Review

Excellent read! Captures the spirit and times of Jesse Livermore, legendary trader. Never a dull moment. -- Ace Greenberg, Chairman of Bear Stearns

If you're interested in Wall street, investing, roaring twenties or the rich and famous of that era, you'll love it. -- Richard Egan - Chairman & Founder - EMC Corporation

Intrigue of a mystery novel & lessons of a trading master. I eagerly recommend. -- Steve Nison, CMT, Author of Japanese Candlestick Charting & Beyond Candlesticks

It is based on interviews with the Livermore survivors and witnesses to the events makes it even more interesting. -- Mark Mobius--Managing Director--Templeton Asset Management

Livermore is considered... the greatest trader who ever lived. He broke new ground in timing techniques and trading the market. -- Technical Analysis of Stocks & Commodities, May 2000

Ssmitten covers Livermore strategies & reveals lessons he learned developing them. -- William J. O'Neill, Publisher of Investor's Business Daily

This book is a stock market classic! Most entertaining and informative book on market I've read in 20 years. -- Dan Sullivan--The Chartist--fund manager/investment advisor

This is an exciting page-turner. Wall Street legend: Greek tragedy life. Secrets of techniques & principles. -- Velma Daniels, Book Reviewer, Television, News Chief

Product Description

The Amazing Life of Jesse Livermore

Subtitle: World’s Greatest Stock Trader

Jesse Livermore is considered by many of today’s top Wall Street traders as the greatest trader who ever lived. For the first time, in one book: his trading secrets, techniques and stock market methods are revealed. Livermore broke new ground in trading the market. His timing techniques, money management systems, and high-momentum approach to trading in stocks and commodities were revolutionary, and remains valid today.

Livermore ran away from home in 1891 at 14 years of age, with five dollars in his pocket, and immediately started as a board boy in the offices of Paine Weber. He made so much money he was banned from the "Bucket Shops" of Boston and New York. He made a fortune in the crash of 1907, and later lost it, only to make it and lose it several more times.

In the panic of 1907, J. P. Morgan personally implored Livermore to stop selling-short, stop pounding the market into oblivion. He made 3 million dollars in one day during the panic.

He married a beautiful Ziegfield Follies showgirl. They lived in a magnificent mansion on Long Island with 14 servants and a three hundred foot yacht, anchored off the back yard, that ferried him to Wall Street every morning.

He sold the market short before the crash of 1929, and entered the depression with 100 million in cash.

A mysterious and secret trader, he worked out of a palatial penthouse, a highly secure office-fortress on Fifth Avenue where he traded in absolute secrecy. Once the market was open, no one in the office was allowed to speak until the market closed.

In 1935, Dorothy, his beautiful wife, shot their son, Jesse Livermore, Jr., in a heated, drunken argument in Santa Barbara. It was one of the great scandals of the era.

Jesse Livermore ended his own life with a self-inflected bullet to the brain, ending one of the most dynamic careers in Wall Street history. A complex genius whose life ambition was to win on Wall Street and he did.

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Product Details

• Hardcover: 288 pages
• Publisher: Traders Press; 1 edition (October 25, 2001)
• Language: English
• ISBN-10: 0934380597
• ISBN-13: 978-0934380591
• Product Dimensions: 9.1 x 6 x 0.9 inches
• Shipping Weight: 1.3 pounds (View shipping rates and policies)
• Average Customer Review: 3.6 out of 5 stars  See all reviews (10 customer reviews)
• Amazon.com Sales Rank: #450,932 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

21 of 22 people found the following review helpful:

4.0 out of 5 stars AN EXCELLENT BIOGRAPHICAL PORTRAIT OF A WALL STREET KING, May 18, 2000

By	Writers Group Reviews (New York, NY United States) - See all my reviews

This book provides an excellent biographical portrait of one of the greatest Wall Street speculators that ever lived. This book is well researched and well written. In fact, as Livermore's life story unfolds in the book, the reader begins to feel as though they are eyewitnesses to the time. The reader gets to experience Livermore's triumphs and defeats. In the end, the reader will find that Livermore's life mirrored the stockmarket more than the life itself. This man's life ran with the bulls and the bears culminating in one big crash. Ultimately, Jesse Livermore died of lead poisoning, a fatal gunshot wound to the head.

If it is one's intention to garner the "Livermore Key" to profits in the stockmarket then this is definitely not the book. While the author briefly touches on Livermore's tactics and attempts to tie it into current stocks, the information provided is rather general and somewhat vague. The reader would be better off looking elsewhere for investment advice. However, if you are truly interested in Livermore himself then you might consider it. In the final analysis, while this book is a good one it really does pale in comparison to Edward LeFevre's classic book "Reminiscence of a Stock Operator." LeFevre's book speaks to the reader while Richard Smitten's new book is more of a third person account leaving the reader as more of an observer.

15 of 17 people found the following review helpful:

4.0 out of 5 stars Cautionary Tale, February 23, 2000

By	MARK LOUIS HEBERT (The Canadian Nation) - See all my reviews

The Story of his life and the description of his methods are very worthwhile to get familiar with if you are into the markets. Jesse was a repressed and brainy kind of guy who related to every aspect of his life with dollars. It was his way of controlling things. But it led from one catastrophe to another. I don't think he saw people as people. I guess what I am saying is that money has limited power and Jesse's story is an excellent demonstration of this. If you make a pile, you gotta read this. It may save you a ton of grief. Author's style is lively and to the point. As a book, it's certainly no waste of time. Enjoy!

7 of 8 people found the following review helpful:

1.0 out of 5 stars Not worth the paper it's written on., December 1, 2001

By A Customer

This book goes beyond fiction, it's pure fantasy. If you like fiction, there are many other authors who do a much better job. Just make up your own fantasy about Livermore and save yourself the cost of the book. I hope to find a good use for it before I die, but I'm not optimistic. This book will in no way help you in your trading endeavors. Honestly, look someplace else...or donate the money you would spend on this book to charity.