One of the things I remember most in "Reminiscences of a Stock Operator" is Livermore's approach to trading stocks:

"Raising prices is not for unloading, after all, most beginners are afraid to chase the rise;

Raising prices is to make the stock look cheap during the decline, while many people prefer to buy at the bottom, and then sell to them at this time."

Looking back at the charts of the knockoffs after each bull market ends, I immediately understood.