si alguien sabe como puedo comprar este libro favor de decirmel

Interesting plot, that keeps you wondering- should you trust the girl or not?

An extremely interesting read! It's amazing that somebody actually lived to tell it. If you liked the movie or book "Blow" you'll enjoy this story.

The book grabs you. To give you an example, there are 2 murders in the first three pages. The only reason I gave it 4 stars is because thru the whole book he crys how he was scared of Rafa(you will find out who he is), and that is while he stayed in the business.

Max Mermelstein approaches this story as though he's a kid who managed to sneak into an R-rated movie, and now he has to tell all the other kids about it. This book was worth the money, although at times it's rather blandly eloquated and leaves you wishing he had a better way with words. The magnitude of what he was involved with more than makes up for that, though. It's a great read even for those not interested in the drug trade, especially if you have a mind for business. It's such a different perspective on money-making schemes compared to something you'd read in a business mag, but is definitely enlightening for that very reason. That morality inversely equates with revenue is a common theme throughout the book.

A company invents a device that can print perfect banknotes. Someone steals the prototype and gets their hands on paper, and sets up an operation to print dollars, marks, pounds, rands, etc. Not just a few million, but billions, to flood the monetary system. Lots of nice details about cash, and good writing. But the plot is completely preposterous, especially when it's revealed who's really behind this whole affair. You'll have to totally suspend disbelief...

Jesse Livermore's book, in my opinion, is the single all time best book ever written on trading stocks.

I have read many books on trading, 7 out of 10 ordinary books are written by people who are good at writing textbooks. They are good at talking theory, but when it comes to combat in the trading battlefield, they come short and leaves you unsatisfied.

Jesse walks you through important trading principles which he learned through mistakes himself. He walks you through the emotions, the struggles, the mistakes, together with the success. This is no textbook, but you will learn important principles from a man who has been through the trenches himself.

THis book is not for ordinary investors, but for traders with a bit of experience. For those who are full time traders, this book is a must read. It leaves the ordinary trading textbooks in the dust.

The only draw back is Richard Smitten bought the copyright to the original book (from what I know), and he removed 3 chapters at the end of the original book, and he replaced it with his own materials. I went through great troubles to get hold of the orignal book with the final 3 chapters intact(the juicy stuff).

Overall, a must read for traders. If you can find the original edition, buy it and forget the new edition by Smitten.

In this book, Livermore shows some of his experiences and the lessons he learned from them. From these experiences and his compilation of data he was continuously saving throughout his trading career, he developed a "Livermore Key" system that you enter the prices on a piece of paper, or, perhaps a computer to spot intermediate trend changes or an actual trend changes. Most of his theory is set on breakouts or breakdowns. Currently, as of 1/07/00, most stocks that make good money never go through a consolidation before large movements that Livermore describes. Winning stocks just keep going up without going down dramatically ever. Sometimes if you use Livermore's methods you would be selling at short-term lows. I tried his method on some leading stocks and you would have done better by just holding them. But then, there are stocks going up 500%+ a year right now, some as much as 3,000% in a year so it would be hard to beat that.

When the market loses some of it's momentum and leading stocks begin to go back and forth out of trading ranges, and there are less false breakouts, this book may be helpful.

But currently, using this method would put you in laggard stocks and/or sell during short-term corrections.

Aside from the Livermore Key, I found the book enjoyable and there were some good rules and points made that are still applicable today.

This book's trading techniques apply even today. Jesse Livermore made and cashed in 100 million dollars during the October 29, 1929 crash, which shows you how effective his methods are. I have been using his methods for the past three years and am amazed at the results.

Using his system, I picked up Puma Technology (PUMA) last year at $10 in September 1999. By early March 2000, it went to $205 before it split 2:1. Again, using the same method, I picked up Digital Lightwave (DIGL) at $11 in October 1999. By early March 2000, it went to $150. I agree it was not a normal year last year but again using his method this year I selected FuelCell (FCEL) at $80 in August 2000. It went to $188 or so by September 2000 before it split 2:1.

I reread his book every few months so that I don't forget the important points. Jesse Livermore went from $25,000 to $150,000 in three weeks! and his method works even today.

He lost all of his fortune and declared himself bankrupt by 1934. I think he lost his fortune because of his personal life and not because of his trading. The other book on Jesse Livermore called 'Amazing Life of Jesse Livermore' by Richard Smitten that was published in September 1999 describes his life in great detail and also is an excellent read.

People that say that this book is not as useful in today's markets, I think, basically do not know how to interpret Jesse Livermore's guidance and trading methods. He says to buy a stock early, right before it starts in an uptrend and in the right sector, and hold on to it as long as it behaves normally. He said to get rid of it as soon as it started behaving abnormally. FCEL peaked at a volume of almost 7 million shares on September 12, 2000, which was the time to get rid of it the next day. As he said in the book, the last 48 hours of a stock's move is the most profitable and also the most dangerous.

In order to do full justice to his methods, you have to read all three of his books: Reminescences of a Stock Operator - by Edwin Lefevre, How to Trade in Stocks - by Jesse Livermore, and Amazing Life of Jesse Livermore - by Richard Smitten

This book goes beyond fiction, it's pure fantasy. If you like fiction, there are many other authors who do a much better job. Just make up your own fantasy about Livermore and save yourself the cost of the book. I hope to find a good use for it before I die, but I'm not optimistic. This book will in no way help you in your trading endeavors. Honestly, look someplace else...or donate the money you would spend on this book to charity.

This book is perfect except I feel that the author is using Jesse Livermores original book to make money. How can you use someone like that. Stupid to me. Though it is informative and the first 7 chapters are of Jesse Livermores words, I can not feel proper hearing someone else who is not even part of being a financial wizard try to interpret a famouse traders technique. You can read the inexperience words from Smitten when re iterating Jesse's teachings. Even the charts are not explained properly unless you know what your looking for. Jesse never needed charts. I just feel like Smitten offers his side of what he feels Jesse is teaching and it sounds redundant and useless. It sounds like Smitten trys to offer some of his ideas as well and I feel it is a stumbling block of knowledge. It would of been great if Smitten just wrote an introduction, maybe a forward or some personal words and leave the book untouched with Jesse's own words. But he sounds like he wanted ride on Jesse's success and sound like a perfessional himself. I didn't buy it.

In the last chapters of the book Smitten just re-writes the book and trys to explain in "now a-day" terms what Jesse use to do years ago. And I would of preferred to just hear Jesse's own words of then, because everything he has done applies now.

Get the book because the original is no where to be found any more, but be very deserning of what you read after the 7th Chapter.

NOT ON THE TREND LINE. I DID learn something of value to me in one chapter in your own words. Because of this I am very grad I bought your book.

After reading Reminiscences of a Stock Operator I was eager to learn more about Jesse Livermore's life. This book was a big disappointment. Don't be fooled by the relatively positive reviews. This book is poorly written. The factual information of Livermore's life was interesting but you'll have to wade through a lot to get at it. The recreated conversations and artistic details are particularly annoying.

I highly recommend Reminiscences of a Stock Operator. That one was hard to put down. Skip this book unless you must absolutely must know a few obscure details of Livermore's life and don't mind fluffy embellishment.

While Livermore started out with nothing and died more or less bankrupt, his career in-between was genuinely meteoric. The man could turn a few thousand into a million within months, then lose it all in a couple of hours. Shows how much you can succeed (and fail) if you really put your mind to it.

This book is a worthy companion to Edwin Lefevre's barely-fictional biographical novel REMINISCENCES OF A STOCK OPERATOR. The first 180 pages or so of this one closely mirror the story in REMINISCENCES, giving real-life names to people and places, and disgorging more details on Livermore's non-trading life. It goes on from there to discuss his staggering 100-million dollar win during the Great Crash of 1929 (when so many other investors and traders opted for suicide to curtail their losses) and the steady, tragic disintegration of his family life and trading instincts that followed thereafter.

Smitten has produced an entertaining, briskly-moving account of the great trader's life that doesn't require any prior knowledge of the stock market or investing ("speculating" is a better word, as Livermore would put it). Also included are a few chapters on Livermore's trading theories culled from his 1940 book HOW TO TRADE IN STOCKS.

In 1929 Jesse Livermore had the stock market all figured out. He made a fortune during the depression using simple strategies that can apply today. Although the editing is poor and some may not like Smitten's writing style you won't be disappointed. The information on how he succeeded while others failed is priceless and should give any contrarian Stock or Futures Trader the confidence to stick to his system.

This is a classic that belongs on any traders shelf, I have written three books on futures investing and this book stays right next to me.

The editing is pathetic as if it was slapped together and thrown out there in rough draft. The book repeats itself over and over as if to fill up pages, p.65 caption refers to charts of INTL and semi ind. with charts of LU and telecom ind. above it, and publisher ads, too. I got almost as much out of "Reminiscences of a stock operator" (about Livermore) as I did this. There are some good points from Livermore, I think, hard to tell his words from Smitten additions. Hate that. Livermore market key is worth it, but I'm steering clear of this publisher in the future.

Jessie!
First off the pictures are magnificent as far as seeing about Jessie's life. Jessie took many millions of dollars out of Wall Street but he played for the game. He was up and down so often, and so high, that there was nothing left after the thrill was gone.

The antidotes on Jesse's life are very entertaining but not much use to refining a traders technique. If he had died a few years sooner he would have been a hero. As it is people confuse this personal life with that of a great trader who just got tired.

The included "Livermore Secret Market Key," reprint contains a wealth of information from Livermore's own hand. If I did not already have it, Smitten's book might have been useful.

Cycles!
Jesse mentions market swings from 5 to 20 points that take from a week to a month. It seems like Jesse is talking about what we now call cycles when he refers to the time element. Trading into the future.

Trends!
He talks about this idea that the best trades are those that show a profit right from the start. Therefore, by definition if a trade dips into a loss and violates your definition of what a trailing trend is, Speculators lose no sleep jettising it off right away.

Never permit speculative ventures to turn into investments. Involuntary Investors ... make a bet, stay with it, and if it goes wrong, they lose it all, "they buy a stock that goes down, and they refuse to sell and take their loss."

Trends work automatically, and consistently along certain lines. If you recognize a trend and wait to get in at the precise time, drawdowns should be at a minimum. The drawdown itself should flash a danger signal.

Pyramiding!
When your security is acting right you can safely add to your line from then forward.

One of the unique ideas that I may have overlooked in Reminiscences is that entering a trade a little late is a bit of added insurance.

There is a psychological value in drawing money out of your winnings. Something I just love to do.

Pivot Point!
There is allot in here about his Pivotal Point entry. However, unless you can get it out of the "Livermore Secret Market Key," reprint contained in the book you will not find it in the "Smitten," part.

Anyone can see where pivot points were, the psychological entry point can be determined when groups of other securities confirm the change in trend.

Double bottoms!
Jessie gets into what we now call a double bottom. The first bottom is the primary pivotal point the second bottom (or top) is what he calls the "Continuation Pivotal Point."

CPR's!
Jesse did early work on what we now call CPR's. Closing Price Reversals. CPR's often occur at the Pivotal Point.

He teaches us to only trade on pivot points. But then goes on to explain the benefits of Box-break outs, trading on new highs and new lows.

Livermore's system of Sister Stocks is clearly explained and is a welcomed addition to Reminiscences. I wonder why Smitten did not show these as a spread?

Money Management!
Your position is defined as the percentage of your portfolio you will invest in any single situation.

Find your Pivotal Points and trade in the direction of the momentum. It is the big swing that makes the big money for you.

Jessie suggests averaging up, "within the pivot point range," without defining what a "pivot point range," is. It may be the center reaction in the W of a double bottom.

The final time to pyramid is a break out (of the pivot point range?) on heavy volume. It is riskier to enter a pyramiding action when the stock is far from the base.

My take on this is that Reminiscences of a Stock Operator by Edwin Lefèvre is more helpful to a trader than "how to trade in Stocks."

The bottom line on Livermore's money management still remains something I learned from Stanley Kroll. To Quote Jessie Livermore in "How to Trade in Stocks."

Shoot the Works!
"The only area I may have differed from most speculators, was when I felt I was truly right, dead right, for-damn-sure right-then I would go all the way, shoot the works."

...I would come back from my grave to personally scalp the person who dared to illustrate my books with photos taken at all the low points of my live and dares to comment on these as Richard Smitten has done.

It is interesting to see at Amazon.de that there actually exists a German translation of a book in which the also famous Richard Wyckoff interviews Jesse Livermore.
Why not publish the English original also ???

Note: as most will know, Reminiscences of a stockoperator is also based on interviews with Jesse Livermore, first published in Saturday Evening Post of 1922-1923.

Despite the loose timelines in the book and typographical errors - I generally enjoyed False Witness. It's a good book for likers of theroetical history and "what if'ers." Who knows, maybe we'll see it as a "Made for TV Movie?"