August 16, 2015

Read this book at least once every year

One of the best books on stock markets ever written and a book I make sure I read atleast once a year.

First published in 1923, Reminiscences is a fictionalized account of the life of the securities trader Jesse Livermore. Despite the book's age, it continues to offer insights into the art of trading and speculation. In Jack Schwagers Market Wizards, Reminiscences was quoted as a major source of stock trading learning material for experienced and new traders by many of the traders who Schwager interviewed.

The book tells the story of Livermore's progression from day trading in the then so-called "New England bucket shops," to market speculator, market maker, and market manipulator, and finally to Wall Street where he made and lost his fortune several times over. Along the way, Livermore learns many lessons, which he happily shares with the reader.

Buy this book.... hold it this in your hands and read/ re-read every chapter. Do not go for the ebook version just because it is free or you are a miser.

This book costs less than Rs.500 - significantly less than what most people lose in a day in the markets.

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