How To Trade in Stocks
This book was written by Jesse Livermore himself and published in 1940. Livermore was one of the few speculators at the turn of the century who had the vision, and who was able to use and integrate both fundamental and technical analysis to his advantage to succeed in the stock market. Experienced traders will find many wise words in this book that the public all too often ignore, such as:
“Wall Street never changes, the pockets change,
the stocks change, but Wall Street never changes,
because human nature never changes.”
And:
“One major mistake of all speculators is the urge to enrich themselves in too short a time. Instead of taking two or three years to make 500% on their capital, they try to do it in two or three months. Now and then they succeed. But do such daring traders keep it? They do not. Why? Because it is unhealthy money, rolling in rapidly, and stopping for but a short visit. The speculator in such instances loses his sense of balance.”
Jesse Livermore was of the first traders who believed in studying basic conditions and who believed that the greatest money is to be made in exercising enough patience and capturing the major movements. He was also one of the first trend followers. Other topics in his book include the concept of studying the leading sectors, money management, and emotional control.
on 
on 
