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 ending.
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 also talks about the trader's personal life, in an easy-to-understand manner.
Brief summary of the book:
1. The Great Wall Street Speculator – the office of the stock exchange magnate, his working day and the essence of the organization of the trading process.
3. Backstory – or how ordinary people become traders, or the ruiner of brokerage and bookmaking firms.
4. Earthquake – the first major loss, invaluable experience and restoration of lost capital.
5. The Crash of 1907 – Jesse Livermore's strategy, developing the basic principles of trading, tactical secrets, and a plan for developing your own strategy. How to make a million on the stock market in just one day.
6. The Cotton King – why you shouldn't break your own rules, and what the retribution might be.
7. Improving Market Theory – The chapter title speaks for itself.
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