Jesse Livermore’s
Methods of
Trading in Stocks
Richard D. Wyckoff
Windsor Books, Brightwaters, N.Y.Jesse Livermore's
Methods of
Trading in Stocks
Richard D. Wyckoff
All rights reserved
including the right of reproduction
in whole ot in part in any form
Copyright 1984 by Windsor Books
Published by Windsor Books
Brightwaters, N.Y. 11718
Manufactured in the United States of AmericaContents
CHAPTER PAGE
Preface... .. 20-0 - eee
1.
Meet The Market's Greatest Trader. .
‘The Secretive Operator
A Titanic Operator
He Consents To An Interview
A Lesson To Be Learned
Avoid The Weak Industcies
Stocks Have Their Seasons and Fashions
The One Sure Way To Succeed In The Market
Livermore's Essential To Success
How He Prepares For The Day's Work. . .
‘The Early Livermore
Organizing His Market Work Day
In Trim For The Day’s Work
Digs For Facts
He Learns For Himself
He Concentrates On Essentials
The Market Requires Study
The Special Arrangements Of His Office........... 12
How He Insulates Himself From Bad Influences
Poise, An Indispensable Adjunct
What He Hates The Most
His Office Equipment
Similarity With James R. Keene
How He Interprets The News
How Livermore Reads The Tape.........4-+
How He Judges The Turning Points
How He Plays The Intermediate Swings
How He Makes His Commitments And Limits His Risk—
His Minimum Prospective Profit...........+...- 22
Lessons From Successful Operators
How He Limits His Risk
How He Keeps His Capital Turning Over
“Drifting” Stocks Cost Money
Why He's Always Ready For Opportunities
The Kind Of Stocks In Which To Trade. .
Livermore Wants “Action" Stocks
Livermore’s Method Of Pyraminding....... 2... - + 30
A Lesson From A Commodity Speculator
A Cool Head For Supreme Decisions
In Summary
. 17