Ever Heard of This Thing Called Value Trading?

The desire for constant action irrespective of underlying conditions is responsible for many loses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages” – Edwin Lefevre, Reminiscences of a Stock Operator
Edwin Lefevre’s book, ‘Reminiscences of a Stock Operator’, is about a trader who dominated the bucket shops in the United States. A bucket shop is a brokerage that makes trades on a client’s behalf and promises a certain price.

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