Reborn in America, I am a legendary short seller on Wall Street.

Chapter 101 Remarks on the launch
The day has finally come; the novel is going to be available for purchase.

First and foremost, I want to thank my editor, Transparent, who saved me from this situation.

This book was published directly from Qidian. I've been away from Qidian for several years and don't understand Qidian's current rules at all.

Back then, a member of the group tagged me and said, "Why send it directly? Don't you even want to get signed?"

I remember a friend in the group said this at 1 p.m., and I was a little disappointed then. But at 5 p.m., the signing message from Mingda came.

Then came the process of adding each other on QQ, joining the group, signing a contract, and continuing to write with encouragement from everyone at the University of Minnesota and in the author group. The atmosphere in the group is great; if you're interested in submitting your work, you can try submitting it to the University of Minnesota.
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First of all, I want to thank all the readers for making this book available. It's not just that "readers are the author's bread and butter"; for me, the support of this book and its readers has another layer of meaning, which is support!
Together, we will complete "Reminiscences of a Stock Operator," fulfilling the wishes of Jesse Livermore's fans and sharing the story of this greatest stock operator in Wall Street history with a wider audience.

Without you all, I would not have been able to complete this online version of "Reminiscences of a Stock Operator".

Anyone with a discerning eye can see that this book is the online novel version of Edwin Lefevere's "Reminiscences of a Stock Operator," and is a fan fiction of the legendary Wall Street short seller Jesse Livermore.

Larry Livingston is also a pseudonym used by Jesse Livermore in the book.

Jesse Livermore experienced four rises and falls throughout his life, each time rising from nothing to become a top billionaire again thanks to his quote machine.

Someone once commented on him: Livermore is the kind of person who, when he has nothing, you lock him in a small room, just put a quote machine in his room, and three months later, he can become a millionaire again.

Indeed, as Livermore often said, "It is easier for a man to earn a million dollars when he does the right thing than when he does it wrong."

Needless to say, I have always been a huge fan of Jesse Livermore.

Both "Reminiscences of a Stock Operator" and his self-written book "How to Trade Stocks" are audio recordings that I listen to on repeat on Himalaya FM.

In my daily trading, I constantly remind myself not to forget the teachings and warnings from Jesse Livermore.

I first learned about Livermore from the book "Kroll on Investment Strategies". The author, Stanley Kroll, was also a fan of Livermore. He was also a great investor and even imitated Livermore by going out to sea to fish.

By the way, Stanley Kroll also has a famous quote that I keep in mind: "KISS (Keep It Simple, Stupid) - keep it simple to the point that you don't have to use your brain."

Another good point he made was that profits can only take care of themselves if one is always mindful of losses!
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Writing this book was a beautiful accident.

When I came back to write a book, it was a novel of a different genre. At the time, I was thinking that if I became famous, I would use Jesse Livermore's story as a blueprint to write a martial arts or fantasy version of "Reminiscences of a Stock Operator".

Don't laugh, that's really what I thought at the time: the protagonist uses leverage to obtain a cultivation technique far superior to others, and then eats Foundation Establishment Pills like they're nothing...

Then one day when I went to pick up my daughter from kindergarten, it suddenly dawned on me: who says I can't just travel directly through Livermore?

If we use realistic strokes to recreate the thrilling moments of each of his transactions 100 years ago, wouldn't that better highlight Livermore's legendary status?
Once I had this thought in my mind, I couldn't control myself, and that afternoon I uploaded this book, "Reborn in America, I am a Legendary Short Seller on Wall Street," to Qidian.

The writing process of this book was unlike anything I had ever experienced before; I wasn't writing at all, but rather recording.

Perhaps due to Livermore's years of instruction, I didn't "write" the novel at all for the first twenty-odd chapters. There was no outline or detailed plan, and I didn't need to write the plot or conflicts.

I have this image in my mind of a 14-year-old blond boy. I watch him walk into the betting shop to place an order, I watch him snap the transaction slip at the counter, and I watch him happily smoke a cigar after making a fortune.

Occasionally, I felt he was having too much of a time, so I would move a few stones in his path and watch him kick them away.

There was a scene in my novel that many people complained about, where Larry handed over the European express transport deal to Logan to cash it out.

I'm not trying to excuse myself, but I did ask the 14-year-old boy in my mind at the time, "What would you do in this situation?"
Jesse Livermore in my head answered:

"What can we do? It's just a transaction, just two thousand dollars."

If I succeed, I'll gain money and friends; if I fail, I can simply cut my losses. For me, the loss is only $600 of my initial investment.

Jesse Livermore was truly a highly professional trader; for him, everything was simple:
If I'm right, I'll hold on and pocket every penny I'm entitled to; if I'm wrong, it's no big deal, I'll just cut my losses.

In writing these scenes and other controversial plot points, the fault wasn't Jesse Livermore's, but mine...

Livermore might make such a decision, but my writing skills are limited, and I didn't properly develop Livermore's character before hastily throwing the plot out...

Yes, this isn't the readers' fault, nor is it the Livermore image in my head; it's truly only my own. In the beginning, I still had many things I didn't understand, so the writing wasn't good.

At the time, I wanted to write about Livermore's "youthful spirit".

So what is "youthfulness"? It means being bold and reckless, making mistakes, and even appearing more authentic because of those mistakes.

But I was wrong on this point. When readers genuinely empathize with the protagonist "Larry Livingston," they don't want to see him make mistakes or act recklessly.

I understand that. If I didn't know that Jesse Livermore made mistakes his whole life, and I was just reading a novel, I wouldn't want the protagonist to encounter those unnecessary setbacks either.

I also gave Larry a lot of extra storylines.

I asked him then, "What would you do in this situation?"
But he said, "Open your eyes and look, I'm not that kind of person at all, I think this plot is bullshit."

After being reprimanded, I deleted all the unnecessary plot points.

I deleted about 70,000 words of the plot, because I was afraid that some of them were too outrageous and would be disliked by all the readers.

I recall a reader's comment, which roughly said, "The life script of four ups and downs is normal for Jesse Livermore, but it's not a good protagonist for a web novel. If you make the protagonist suffer repeated setbacks, that's not a web novel; but if you make the protagonist never encounter any difficulties and live a smooth life, then that protagonist is not Livermore."

I wholeheartedly agree.

I'm not writing all this to complain, but to say that the readers are not wrong, Livermore is not wrong, the one who is wrong is me.

In the early stages of writing the book, I was so obsessed with portraying Livermore himself that I made many foolish mistakes and created many controversial plot points, which is all my fault.

I hope readers who also like Livermore will forgive me.
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Now, my original intention and purpose in writing this novel have returned to their simplest form.

I want to tell you the story of Jesse Livermore, the most legendary short seller on Wall Street.

Later, there was his initial "bankruptcy" in New York, his lesson to the gambling industry and his resurgence, and his realization that "I have never made money by taking action, but by waiting."
He also borrowed money to speculate in stocks because of "bankruptcy," and after "bankruptcy," he waited for Bethlehem Steel to climb to $100 before making a comeback with a quota of 500 shares.

He also told us his story of shorting Union Pacific based on his intuition, making millions of dollars by shorting the stock market based on market liquidity, and finally earning hundreds of millions of dollars by shorting the stock market in 1929.

It's just a slight change.

(Some readers have suggested I add other content, which I will consider, but everything will remain focused on Livermore's legend and on transactions. Even when faced with various threats and difficulties, or with plots involving physical inventions and gang warfare, the ultimate solution is still transactions. This is the book's original intention and its ultimate goal.)
From the moment I wrote the first word of this book, I felt an urge to confide in someone, something I had never experienced before.

In order to concentrate on writing this novel, I refused all extra opportunities and social engagements in July and just locked myself in my room to write.

As a fan of Limofer, I have no regrets.

(Of course, I think it's a bit of a pity that I didn't make it into the polysilicon market in July; I added it to my watchlist as soon as it hit the daily limit up.)

Even if it goes on sale tomorrow, this novel will only have a little over 4000 favorites, making it a nobody among novels released at the same time.

But what makes me proud is that even though I only have 4000 favorites, the support from all the readers has been tremendous. This book often surpasses other novels with tens or hundreds of thousands of favorites in terms of monthly votes and recommendation votes on the bestseller list.

Thank you so much!
After rambling on for so long, these are really just my thoughts before the product goes on sale.

Thank you all for your support and for your understanding.

Thank you everyone for every recommendation vote and monthly pass!
Thank you again for your support. I will continue to write and finish the legendary life story of Livermore, and I hope to have your continued support.

The book should be available for purchase around 12 or 2 PM tomorrow. After it's available, I won't say how many chapters I'll update on the first day, but I'll try to write as much as possible every day. I'll write 10,000 words if I can, but not 8,000 if I can. I'll definitely add extra chapters and never stop writing.

Let's keep going for a long time!
Finally, I wish all you great traders good fortune and prosperity!
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Many thanks to Zhu Da, the author of "The Wallfacer, But in the Nascent Soul Stage," for his generous support.

(End of this chapter)