Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (1794)	12/12/1997 11:49:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 12617

I have just received his book: "How to Trade in Stocks". He does not waste words. This book is the size of a large hand and about 80 pages long. But from what I see so far, it is a worthwhile read. For those of you who have never heard o this trader, Jesse was a stock trader back in the early 1900s who traded for over 40 years. He made and lost 4 multimillion dollar accounts over his years of trading. Some of the strategies and schemes he used to succees I think qualifies him as an "operator", both in the positive and negative sense of the word. It was the "wild west" of the market back then, and IMO still is in some senses despite how much as changed. He is still considered by many one of the most skilled traders in the history of the stock market. Please note that even a person of his experience and success managed to lose all of his money more than once in trading. He says in this book that he has made some stupid mistakes that he knew better about. Apparently he suffered the consequences. But he also says that this does happen because he is just human. I think this will help put into perspective for some people the risks that one can encounter in the trading of stocks. IMO anyone here who thinks that they are the trader who is different from the rest does not belong in trading, and in time will not find themselves there. The market knows no favorites and is merciless in bankrupting many who try to trade the markets. What I find interesting is that many think they are that someone special. And the more initial success they have had in the markets, the more likely they are to feel this way. I guess this is human nature too. I do recommend reading "Reminiscences of a Stock Operator" by Edwin Lefevre which is actually a biography of this traders exploits. Bob Graham Bob Graham