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June 2008

Recs

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Stock Operators

June 04, 2008 – Comments (3)

Been reading 'Reminiscences of a Stock Operator.'  It's interesting.  I wonder what Livermore would do with the distracting flood of information and real-time quotes and trades we have today?  Was he just exploiting market inefficiencies, or did he have a real feel for the tape? I am beginning to feel he's right about not fighting the tape.  Looking back, every time I've tried to do it I've gotten my hand slapped. 

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