Jesse Livermore. The Life and Death of the Greatest Stock Speculator - R. Smitten
A detailed account of the life and career of one of the greatest traders of our time Jesse Livermore, an ambiguous approach to stock trading, and a sad end.
He was called a Wall Street legend, and the strategy developed by Jesse is still successfully used by some traders.
The book describes not only the technical aspects of stock trading, but talks about the personal life of a trader, the story is told in an easy-to-read form.
Summary of the book:
1. The Great Wall Street Speculator - the office of a stock exchange tycoon, his working day and the essence of organizing the trading process.
3. Background - either how ordinary people become traders, or the ruiner of brokerage and bookmaker offices.
4. Earthquake – the first major loss, invaluable experience and restoration of lost capital.
5. The Crash of 1907 - Jesse Livermore's strategy, the formation of the basic principles of making deals, tactical secrets and a plan for developing your own strategy. How to make a million on the stock exchange in just one day.
6. Cotton King - why you can’t break your own rules, and what kind of retribution may follow.
7. Improving market theory - the title of the chapter speaks for itself.
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