How to Trade in Stocks is a classic work by Jesse Livermore, one of the greatest stock traders in history. In this book, Livermore shares the principles and strategies that made him a legendary figure on Wall Street. Through his practical wisdom, he explains how he analyzed market trends, recognized profitable opportunities, and managed risk—skills that allowed him to achieve great success despite the volatility of the market.
The book outlines Livermore’s trading philosophy, including his unique approach to timing, identifying patterns, and understanding market psychology. His insights into the behavior of stock prices, the importance of controlling emotions, and disciplined trading provide invaluable lessons for any trader or investor aiming for long-term success. How to Trade in Stocks remains a foundational text for understanding stock trading and market speculation.
Why How to Trade in Stocks is a Must-Read
Timeless Trading Strategies
Livermore’s techniques have stood the test of time, offering traders strategies that continue to be relevant in modern financial markets.
Focus on Discipline and Market Psychology
Livermore emphasizes the mental and emotional aspects of trading, which are often overlooked yet crucial for sustainable success.
Historical Perspective on Trading
The book provides a glimpse into the world of trading in the early 20th century, giving readers a deeper understanding of stock market history.
Memorable Quotes from the Book “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or the get-rich-quick adventurer.”
Translation (Sinhala):
"පූර්ණයෙන්ම එකසීමෙන් ආකර්ෂණීය ක්රීඩාව පූර්ණ විලාසිතාවයි. නමුත් එය ඩොල් සෙල්ලම, මනෝසික විලාසිකතාව හෝ වේගයෙන් කෝටිපතියෙක් වෙනුවට ක්රීඩාවක් නොවේ."
Translation (Tamil):
"சந்தை ஊக விளையாட்டு மிகவும் ஈர்க்கக்கூடியது. ஆனால் இது அறிவற்றவர்களுக்கு அல்லது உடனடி பணம் பெற்றுவிட விரும்புவோருக்கு அல்ல."
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side.”
Availability at Booxworm.lk
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About the Book
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Title: How to Trade in Stocks
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Author: Jesse Livermore
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ISBN: 9780071469792
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Publisher: McGraw-Hill Education
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Published Year: 2001
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Number of Pages: 224
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Binding: Paperback
