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Rating: 
Summary: Get the Real Copy of Trader Press' Old Version
Review: Ain't nothing like the real thing baby.
Don't waste your money on the Smitten version of Livermore's treasure. The Amazing Life of Jesse Livermore is highly recommended though.
You really need to read the 1991 reprint of the 1940 original. You can find copies at half.com, etc.
To help you bring the Livermore Market Key into focus:
Jesse was working with a 10% margin at the bucket shops and a 25% margin with brokers. So to make the charts talk today substitue "80% of the initial margin" for "6 points" and "40% of initial margin" for "3 points".
Pyramiding
im=initial margin
uptrend failed pivot(or near hit) 0
failed pivot-40%im 1
failed pivot-53%im 1
failed pivot-79%im 2
natural reaction pivot 0
pivot-40%im 1
pivot-53%im 1
pivot-79%im 2
8 contracts complete position
You would also need 4 times im for the feeling out plays of putting these contracts out and taking them off if it moves agaisnst you. Play the stops close like 7%im from last add. You would need about 12 times im to play both the failed trend pivot and then follow it up with the natural reaction/rally pivot.
Check out Reminiscences page 126 about his cotton system. He talks of "ten points over his initial price". Well cotton was around 12 1/2 cents at that time. Today cotton is around 42 cents. Contract size hasn't changed since then. Margins relative to near terms prices haven't changed much as well. So, 42:12 equals 36:10. The 10 points back then was about 13% of initial margin so 13% of initial margin today is 36 points.
You MUST not let anyone take your money away from you.
Rating:
Summary: Get the Real Copy of Trader Press' Old Version
Review: Ain't nothing like the real thing baby.
Don't waste your money on the Smitten version of Livermore's treasure. The Amazing Life of Jesse Livermore is highly recommended though.
You really need to read the 1991 reprint of the 1940 original. You can find copies at half.com, etc.
To help you bring the Livermore Market Key into focus substitute "one margin" whenever you read "3 points" and "two margins" when you read "6 points" and "four margins" when you read "12 points."
The charts ought to "speak to you" when you make those substitutes. You see Jesse was working with 10% margin and always used 3 points in relation to a stock around 30 points. Reading between the lines produces the above distinction.
Rating: 
Summary: Great book
Review: Excellent book! After reading this book I now know where all of today's great traders got most of their sayings and information from. For example, I heard Gary B Smith talk about his trading account like a store and that you need to turn over your inventory to make money and treat trading like a business. Well JL wrote about that way back in 1940. The same goes with following groups and only buying the leaders in the top groups. (just like William O Neil). I bet alot of people back then tried to pick bottoms when buying a stock. Not JL he used pivotal points and bought at new highs. Now it is common today for individual investors to buy at new highs. The only thing I don't like is Smitten took out chapters from the original book. Why take out this material? Why not just update the book with recent charts? Other than that this is a book you need to buy and keep.
Rating:
Summary: Don't understand why the last three chapters was removed.
Review: I had a hard time finding the original version with the last three chapters intact even I am willing to pay more. It seems to be a great book based on reviews I read in various places, otherwise there will not be 20 buyers waiting in the queue for the used version.
Rating: 
Summary: worth reading forever!
Review: I know Jesse Livermore from the book by Bill O'Neil of Investor's Business Daily.After I got this book, I can not stop reading it until I finish it.It is the best book I have ever read about trading.Although it is not perfect because of three chapters removed by Richard Smitten, but you can learn much more than you anticipated. Timming,money management,emotion control,always are the key to successful trading.
Rating:
Summary: Truncated version of original book with added material.
Review: In this book, Livermore shows some of his experiences and the lessons he learned from them. From these experiences and his compilation of data he was continuously saving throughout his trading career, he developed a "Livermore Key" system that you enter the prices on a piece of paper, or, perhaps a computer to spot intermediate trend changes or an actual trend changes. Most of his theory is set on breakouts or breakdowns. Currently, as of 1/07/00, most stocks that make good money never go through a consolidation before large movements that Livermore describes. Winning stocks just keep going up without going down dramatically ever. Sometimes if you use Livermore's methods you would be selling at short-term lows. I tried his method on some leading stocks and you would have done better by just holding them. But then, there are stocks going up 500%+ a year right now, some as much as 3,000% in a year so it would be hard to beat that. When the market loses some of it's momentum and leading stocks begin to go back and forth out of trading ranges, and there are less false breakouts, this book may be helpful. But currently, using this method would put you in laggard stocks and/or sell during short-term corrections. Aside from the Livermore Key, I found the book enjoyable and there were some good rules and points made that are still applicable today.
Rating: 
Summary: 5 Stars if this chapters of this book wasnt removed.
Review: 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.
Rating: 
Summary: How do you sell the same book twice?
Review: Like many of the readers who bought this book, I was at a loss to understand why Richard Smitten would remove some of the original work written by Jesse Livermore. Now we know the reason. He just published another book apparently putting back what he took out the first time. Don't buy this particular edition or you will be disappointed.
Rating:
Summary: Required reading for every amateur and professional investor
Review: With some additional material added for this edition, How To Trade In Stocks is an invaluable, "reader friendly" presentation by Jesse Livermore on his successful approaches and formulas for the timing of stock transactions, money management, and keeping in emotional control during volatile and unexpected market behaviors. Jesse Livermore is something of a Wall Street legend who cornered entire commodity markets, was able to call market tops, even to the point of selling short the infamous 1929 stock market crash resulting in his having made a hundred million dollar profit during that unprecedentedly severe economic debacle. Simply stated, Jesse Livermore's How To Trade In Stocks should be required reading by every amateur and professional investor in the market today.
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