Jesse Livermore: The World's Greatest Stock Trader
Author: Richard Smitten
List Price: $19.95
Our Price: Click to see the latest and low price
ISBN: 0471023264
Publisher: John Wiley & Sons (14 September, 2001)
Sales Rank: 23,862
Average Customer Rating: 3.55 out of 5
Customer Reviews
Rating: 2 out of 5
Very Interesting Life Hurt By Poor Writing and Editing
Jesse Livermore had an extremely interesting life. It is too bad, then, that Richard Smitten's biography of Livermore was so poorly written and edited. Smitten has the extremely bad habit of telling us in advance of major events in Livermore's life so that when we get to these events chronologically we have generally been told about them multiple times. Also, there are many references to people where names are incomplete or where a nickname is used and then noted on a later page. The best parts of the book concern Livermore's trading and his rules and they make the book worth readng despite its many weaknesses.
Rating: 5 out of 5
It's a biography, but also a great trading secrets book
People who don't understand TA, have no concept of what this excellently written book is saying. I derived over 12 pages of trading notes. Yes, it's an biography on JL who was a classic manic depressive and desperately needed to take Prozac. If he lived through this market crash, he would have been richer than Gates and Buffet put together, and a whole lot happier.
Read in to this book and you will derive the secret to market success.
Rating: 1 out of 5
Very poorly written
Sorry for giving only 1 star: although the life story Livermore has been communicated to the reader, this book has been just too poorly written. I have never read a book so poorly written. The author simply gather all the raw materials together with little organization, and NO literary kill whatsoever. Worse, apparently the author did not proof read his manuscript, nor did an editor. It would be desirable for the author to collaborate with a true writer in writing this book. It is a shame, and the author even claimed in the preface that he knows about Jessie Livermore than anyone else: too bad that someone who knows him more than anyone else can't write a biography of him of even average quality. Just a couple example to let you have a flavor of this book: after quoting in more than one places that Livermore's wife called him "Laurie", in a much later part the author suddenly thought it necessary to explain that this may be a nickname they used between them. In many a part of the book, there are passages that, after describing someone involved in Livermore's life's event, immediately adding: he/she later became such and such; or, years later he/she would do such and such.Now regardless the writing of the book, it does give facts, so let's just struggle to read it through and get what we want, the life of Jessie Livermore. All I can say is this: I started with the desire to know about the stock market, I ended with a very sad feeling. What I've found is a very, very sad story; almost everyone involved had a tragic life, a number of them tragic deaths as well. Get psychologically prepared before you read it.
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