How to Trade in Stocks : The Livermore Formula for Combining Time Element and Price (Revised Ed) Review

How to Trade in Stocks : The Livermore Formula for Combining Time Element and Price (Revised Ed)
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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.

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