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Markets1923

Reminiscences of a Stock Operator

Edwin Lefevre

A classic on trading psychology, speculation cycles, position discipline, and the recurring mistakes traders make in stock markets.

Mental models

Model 1

Use this model to place decisions in cycle context.

Model 2

Use this model to manage position risk before seeking return.

Model 3

Use this model to separate signal from noise.

Model 4

Use this model to prepare for the thesis to fail.