Jesse Livermore-top ten quotes
Jesse-Livermore-top ten quotes
When you know what not to do in order not to lose money, you begin to learn what to do in order to win.
Jesse Livermore
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 pocket book and to the soul.
Jesse Livermore
Successful traders always follow the line of least resistance. Always follow the trend. The trend is your friend.
Jesse Livermore
Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.
Jesse Livermore
You can spot where the buying is only a trifle better than the selling. A battle goes on in the market and the tape is your telescope. You can trust it seven out of ten cases.
Jesse Livermore
The loss of money didn’t bother me. Whenever I have lost money in the stock market I have always considered that I have learned something, that if I have lost money I have gained experience, so that the money really went for a tuition fee. A man has to have experience and he has to pay for it.
Jesse Livermore
I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.
Jesse Livermore
He would buy one hundred shares of some active stock and when, or if, it went up 1% he would buy another hundred. On another points advance another hundred and so on. He would put in a stop-loss order one point below the price of his last purchase. When the price kept going up he simply moved up his stop with it.
Jesse Livermore
When I had a profit of at least four points in each and every of the twelve stocks that I was short of, I knew that I was right. The tape told me it was now safe to be bearish so I promptly doubled up. I had my position.
Jesse Livermore
As far as I am concerned it is a full-time job – perhaps even more than a job. Perhaps it is a vocation, where many are called but few are singled out for success.
Jesse Livermore
Category: Traders
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