Livermore was an American stock trader. He was famed for making and losing several multi-million dollar fortunes and short selling during the stock market crashes in 1907 and 1929. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. The materials published in these articles represent Livermore's collective wisdom on stock trading. Chapters include: Preparing for the day's work Arrangement of the trading office How to read the tape Commitments and limits of risk How to keep capital turning over Kind of stocks in which to trade Pyramiding And much more