Investment Books Review #2: Reminiscences of a Stock Operator - A Timeless Classic

This is Edward Lefevre's story of the legendary speculator Jesse Livermore - and Reminiscences of a Stock Operator is full of trading wisdom.

Although written 83 years ago, its wisdom and insight are timeless, being often featured as one of the top ten investment books of all time - and this is a book every trader should read.

Jesse Livermore - A Trading Legend

The book follows the exploits of Jesse Livermore and his colorful trading history.

He made and lost tens of millions of dollars, speculating in the stock and commodities markets during the early 1900s.

At one stage, he made $10 million dollars in just one month - imagine what this amount would be worth today!

The Importance of Money Management

Reminiscences of a Stock Operator, though, are not so much lessons in how to make money - but how you should protect what you have.

The book is a witty and entertaining read - but the real value of the book is the insight into a traders mind, and how our emotions cause us to lose more than we should - if we don