Trade Like Jesse Livermore

Smitten uses Livermore's own words from his book "How to Trade in Stocks"in the first part of the book, but then offers detailed analysis. I have read both books and both are excellent trading books for new traders and intermediates. The only weakness is there is considerable overlap between Smitten's book and Livermore's.

Not sure why all the negative comments. Maybe as traders we are all accustomed to complex strategies that make J.L.'s seem simplistic. But that's the beauty of it. I like this book. And the charts in it. If somebody needs an explanation of what the pivot points are on the charts, well, then you shouldn't be trading. Because it's so obvious. I have read all 3 J.L. books ("Reminiscences" J.L.'s original "How to trade stocks" and this one and yes, there is some repetition. But that's a good way to learn. Don't be put off. Read this. It's a good solid, proven strategy...And about the writing...? it ain't literature!

Solid trading information look at this book to see a detailed system.The Universal Tactics of Successful Trend Trading: Finding Opportunity in Uncertainty delivers powerful and practical advice for the serious trend trader. Using the principles identified in The Universal Principles of Successful Trading, author Brent Penfold shows curious investors how to become a long-term winner with tried-and-true trend trading methodologiesAndWould look at the undermentioned book on how to implement dow theoryW. H.C. BassettiStairStops Using John Magee's Basing Points to Ratchet Stops in Trends: Using John Magee's Basing Points to Ratchet Stops in TrendsDescribes a robust and powerful method for setting rising (or falling) stops in trends. Using wave analysis similar to Dow Theory it is a virtual algorithmic, but natural, method for trend following

i have read all of richard smittens books about jesse livermore. they are all very much the same. they have identical passages in different order. the trade like jesse livermore i reckon is the best or 2nd best after how to trade in stocks - due to the flow/order. i reckon first read reminiscences of a stock operator and then one of richards smittens books. richards smittens books is also about 60% repititive to reminiscences of a stock operator which i think is okay

Explains system and psychology of one of the world's most famous traders - especially useful in today's market

I mean either Smitten does not get it himself or he just plain does not want you to know....A good book on the rest and the phsychology....

Terribly written

If you read Reminiscences of a Stock Operator, then you know Livermore's rules. As for the secret trading method (Smitten calls Pivotal Point Trading).... it boils down to trendlines. That is it. The book is so similar to the books of William ONeill I was expecting an IBD subscription card to fall out: 1. Watch the top industry groups for market signals. 2. Watch the top two stocks in each market group. 3. Cut losses at 10% (IBD is 8%). 4. Watch for volume to be up at least 50%. 5. Do not average down. 6. Buy on breakouts to new highs. etc, etc, etc.