How to Trade in Stocks

Written by Livermore in 1940, the last year of the author's life, this title distills the wisdom of his 40 years as a trader. It combines autobiographical and historical details through the Livermore trading system. It helps investors to learn his prescriptions for analyzing leading sectors, understanding timing, and money management. The Success Secrets of a Stock Market LegendJesse Livermore was a loner, an individualist-and the most successful stock trader who ever lived. Written shortly before his death in 1940, How to Trade Stocks offered traders their first account of that famously tight-lipped operator''s trading system. Written in Livermore''s inimitable, no-nonsense style, it interweaves fascinating autobiographical and historical details with step-by-step guidance on:Reading market and stock behaviorsAnalyzing leading sectorsMarket timingMoney managementEmotional controlIn this new edition of that classic, trader and top Livermore expert Richard Smitten sheds new light on Jesse Livermore''s philosophy and methods. Drawing on Livermore''s private papers and interviews with his family, Smitten provides priceless insights into the Livermore trading formula, along with tips on how to combine it with contemporary charting techniques. Also included is the Livermore Market Key, the first and still one of the most accurate methods of tracking and recording market patterns