Reminiscences of a Stock Operator

Name : Reminiscences of a Stock Operator

Author : Edwin Lefevre

Book Format : Paperback

Edition : 1st

Genre : Business & Economics

ISBN : 9789355714176

Language : English

Pages : 301-400 Pages

Publish Year : 2022

Publisher : Prabhat Prakashan Pvt. Ltd.

Sub Genre : Essays Books

The book can be divided into three parts : (1) 1890-1910: Livermore was able to make easy money by taking advantage of the bid–ask spread on inactive stocks with leverage of 100-to-1 at bucket shops. (2) 1910-1920: Livermore was a stock trader on the New York Stock Exchange, where he went bust over and over again because he used too much leverage. (3) 1920s: Livermore engaged in market manipulation, charging fees of 25% of the market value of the manipulated stock. This was before the creation of the U.S. Securities and Exchange Commission in 1934.

Country of Origin : India