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    Wall Street Legend Jesse Livermore's Famous Work on the Stock Market

    Jesse L. Livermore. How to Trade in Stocks. The Livermore Formula for Combining Time Element and Price. New York: Duell, Sloan & Pearce, [1940]. First edition. One of 500 special copies printed on all rag paper. Octavo. vii, [3], 133, [1, blank] pages. Pages 103-133 contain sixteen charts printed in red, blue, and black. Title with the Livermore crest, showing the ticker tape, market key, and chart sheets, printed in red, blue, and black. Publisher's dark blue buckram over bevelled boards. Front cover stamped in silver with the Livermore crest, spine lettered in silver. Top edge silver, bottom edge trimmed, fore-edge uncut. Housed in the original issue dark blue buckram slipcase. Minimal shelf wear. Very slight sunning to the spine cloth. Light toning to the endpapers. Previous owner's bookplate to front pastedown. A near fine copy.



    More Information: Jesse Livermore (1877-1940) "was a legend on Wall Street. When he was fifteen, he started with his first trade of $3.12 and he was a millionaire before he was thirty. He called the great market crash of 1907, where he made three million dollars in a single day...He cornered entire commodity markets: cotton, corn, wheat, where he actually owned every bale or bushel in existence in the United States. He was able to call market tops; he went short the 1929 crash and made a hundred million dollars in profit" (from the Introduction to Livermore expert Richard Smitten's 2006 annotated edition of How to Trade in Stocks).

    "In late 1939, [Livermore] decided to write his own book about his trading strategies, and in March 1940 Livermore's book entitled How to Trade in Stocks was published. The book did not sell well, mostly because there was little interest in the stock market at that time due to the lingering effects of the Great Depression. The original work, is however, a great resource for all aspiring traders to study. Just months after the publication of his book, on November 28, 1940 Jesse Livermore, in a deep depression, committed suicide. He died instantly from a self-inflicted gunshot wound. For Livermore, the stock market was the greatest, most complex challenge in the world. His desire and passion was in beating the game of Wall Street. Livermore believed that stock speculation was more an art form than pure scientific reason. Jesse Livermore is regarded by many as probably the greatest stock trader ever" (John Boik, Lessons from the Greatest Stock Traders of All Time, pp. 11-12).



    Auction Info

    Auction Dates
    October, 2012
    4th-5th Thursday-Friday
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