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The secret to Jesse Livermore's legendary trading success
Although he began his career in 1892, Jesse Livermore is still
considered to be one of the world's greatest traders. In life and
in death, Livermore has always been a controversial figure and his
methods held up as a model for traders of all generations. Through
45 years of trading and market observation, Jesse Livermore
determined that stocks and stock markets move in a series of
repetitive patterns. He then developed a series of unique tools,
using secret formulas and equations that allowed him to identify
and interpret the movement in stocks with uncanny reliability. In
Trade Like Jesse Livermore, author Richard Smitten explores the
technical aspects of Livermore's trading approach and shows readers
how they can use these techniques to garner the success Livermore
once did. Trade Like Jesse Livermore covers every aspect of
Livermore's trading methods, from discerning market behavior and
trends such as top-down and tandem trading to paying close
attention to indicators such as one-day reversals and spikes. With
this book as their guide, readers can learn how to trade profitably
without fear or greed.
Richard Smitten (New Orleans, LA) is the author of numerous books
including Jesse Livermore: World's Greatest Stock Trader
(0-471-02326-4), The Godmother, Capital Crimes, and Legal Tender.