Jesse Livermore

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Jesse Livermore

Jesse Livermore

After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.More Jesse Livermore [01/01/2000 12:01:00]
A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.More Jesse Livermore [08/03/2011 01:08:16]
It isn't as important to buy as cheap as possible as it is to buy at the right time.More Jesse Livermore [08/03/2011 01:08:22]
There is only one side of the market and it is not the bull side or the bear side, but the right side.More Jesse Livermore [08/03/2011 01:08:29]
Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.More Jesse Livermore [03/29/2018 05:03:36]
A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.More Jesse Livermore [03/29/2018 05:03:36]
He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.More Jesse Livermore [03/29/2018 05:03:36]
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!More Jesse Livermore [03/29/2018 05:03:36]
Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.More Jesse Livermore [03/29/2018 05:03:36]
It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.More Jesse Livermore [03/29/2018 05:03:36]
There is only one side to the stock market; and it is not the bull side or the bear side, but the right sideMore Jesse Livermore [03/29/2018 05:03:36]
The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.More Jesse Livermore [03/29/2018 05:03:36]
The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think.More Jesse Livermore [03/29/2018 05:03:36]
"I can't sleep" answered the nervous one.
"Why not?" asked the friend.
"I am carrying so much cotton that I can't sleep thinking about. It is wearing me out. What can I do?"
"Sell down to the sleeping point", answered the friend.More Jesse Livermore [03/29/2018 05:03:36]
He will risk half his fortune in the stock market with less reflection that he devotes to the selection of a medium-priced automobile.More Jesse Livermore [03/29/2018 05:03:36]
"On Pat Hearne - He made money in stocks, and that made people ask him for advice. He would never give any. If they asked him point-blank for his opinion about the wisdom of their commitments he used a favorite race-track maxim of his: "You can't tell till you bet.""More Jesse Livermore [03/29/2018 05:03:36]
I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up.More Jesse Livermore [03/29/2018 05:03:36]
In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.More Jesse Livermore [03/29/2018 05:03:36]
I don't know whether I make myself plain, but I never lose my temper over the stock market. I never argue with the tape. Getting sore at the market doesn't get you anywhere.More Jesse Livermore [03/29/2018 05:03:36]
Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.More Jesse Livermore [03/29/2018 05:03:36]
The desire for constant action irrespective of underlying conditions is responsible for many losses on 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.More Jesse Livermore [03/29/2018 05:03:36]
Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.More Jesse Livermore [03/29/2018 05:03:36]
"If I buy stocks on Smith's tip I must sell those same stocks on Smith's tip. I am depending on him. Suppose Smith is away on a holiday when the selling time comes around?More Jesse Livermore [03/29/2018 05:03:36]
A man must believe in himself and his judgement if he expects to make a living at this game. That is why I don't believe in tips."More Jesse Livermore [03/29/2018 05:03:36]
A man must study general conditions, to seize them so as to be able to anticipate probabilities.More Jesse Livermore [03/29/2018 05:03:36]

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