Reminiscences of a Stock Operator - Study Guide Chapter I Summary & Analysis

Edwin Lefèvre
This Study Guide consists of approximately 37 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Reminiscences of a Stock Operator.
This section contains 294 words
(approx. 1 page at 400 words per page)
Buy the Reminiscences of a Stock Operator Study Guide

Livingston has a job as a quotation-boy at a "bucket shop" in Boston. Quotes for stocks are called out as they come across the ticker tape, and are written on a large board. Customers place bets on whether stocks will go up or down and can bet on the margin if the house allows it. The bucket shops are not legal but are tolerated. The young Livingston is fascinated by patterns in the tape and has an excellent memory for numbers. He is able to remember the patterns various stocks normally exhibit well enough to predict their behavior or notice if they act strangely. He records his predictions and compares them to the actual performance of the stocks. Livingston trusts his observations more than tips from others. There is very little regulation and the volume of trades is small, so it is relatively...

(read more from the Chapter I Summary)

This section contains 294 words
(approx. 1 page at 400 words per page)
Buy the Reminiscences of a Stock Operator Study Guide
Copyrights
BookRags
Reminiscences of a Stock Operator from BookRags. (c)2014 BookRags, Inc. All rights reserved.