The book can provide a good start to traders. Livermore, who himself is a self learner, has made money out trading and has provided his own failures and successes so as to train amatures like us. The major factor to get success in speculation in any instrument is Timing, Money Management and Emotional Balance. The correct measurement of these three along with proper record keeping and understanding of charts/ prices, can be instrumental in a trader’s journey. Another book on the life of Jesse Livermore, “The Reminiscence of Stock Operator” is a good read as well.