How to trade in Stocks

This is the text of Livermore’s book “How to trade in Stocks.” I found a very badly OCR’d version on the Interweb, and spend a few hours reading and correcting the text. It probably still has the odd typo, but it’s in a lot better shape now. Email me with comments.

This book was written in 1940. I don’t know for sure, but I assume it’s now out of copyright. If I’m wrong, tell me and I’ll remove it.


The Livermore Formula For Combining Time Element and Price


This classic book, first published in 1940, sets forth the specific trading techniques and methods used by the legendary Jesse Livermore. It has been out of print for many years and generally unavailable to the trading public. It completes the trilogy of books by and about Livermore (Reminiscences of A Stock Operator; Jesse Livermore: Speculator King; and How To Trade In Stocks).


  1. Preface
  2. The Challenge of Speculation
  3. When Does a Stock Act Right?
  4. Follow the Leaders
  5. Money in Hand
  6. The Pivotal Point
  7. The Explanatory Rules
  8. The Million Dollar Blunder
  9. The Three Million Dollar Profit
  10. The Livermore Market Key

Part of “How to Trade in Stocks” by Jesse Livermore.


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