Jesse Lauriston Livermore Quotes

Quotes about:

• Money is made by sitting, not trading.

  Jesse Lauriston Livermore

  Sitting, Made, Trading

  37 Copy quote

• Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.

  Jesse Lauriston Livermore

  Money, Wall, Greed

  47 Copy quote

• Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jump from one stock to another, hold a losing position too long, and cut out of a winner too soon, for no reason other than fear of losing profit. Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralised, depressed, despondent, and abandon the market and the chance to make a fortune from what the market has to offer.

  Jesse Lauriston Livermore

  Fall, Ignorance, Cutting

  100 Copy quote

• To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.

  Jesse Lauriston Livermore

  Giving, Patient, Signals

  72 Copy quote

• 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!

  Jesse Lauriston Livermore

  Money, Wall, Thinking

  73 Copy quote

• The stock market is never obvious. It is designed to fool most of the people, most of the time.

  Jesse Lauriston Livermore

  People, Fool, Obvious

  64 Copy quote

• Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader.

  Jesse Lauriston Livermore

  Investing, Littles, Action

  75 Copy quote

• The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.

  Jesse Lauriston Livermore

  Business, Stupid, Emotional

  Jesse Lauriston Livermore (1966). “How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price”

  107 Copy quote

• 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.

  Jesse Lauriston Livermore

  Mistake, Foundation, Investing

  Jesse Lauriston Livermore (1966). “How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price”

  45 Copy quote

• There is time to go long, time to go short and time to go fishing.

  Jesse Lauriston Livermore

  Business, Fishing, Long

  25 Copy quote

• Men who can both be right and sit tight are uncommon.

  Jesse Lauriston Livermore

  Men, Uncommon, Bull Markets

  63 Copy quote

• A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.

  Jesse Lauriston Livermore

  Tape, Investing, Prudent

  63 Copy quote

• It takes a man a long time to learn all the lessons of all his mistakes.

  Jesse Lauriston Livermore

  Mistake, Men, Long

  36 Copy quote

• Never buy at the bottom, and always sell too soon.

  Jesse Lauriston Livermore

  Wealth, Bottom, Sells

  31 Copy quote

• It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.

  Jesse Lauriston Livermore

  Loss, Average, Mind

  Jesse Lauriston Livermore (1966). “How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price”

  40 Copy quote

• Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks.

  Jesse Lauriston Livermore

  Believe, Swings, Games

  54 Copy quote

• It isn't as important to buy as cheap as possible as it is to buy at the right time.

  Jesse Lauriston Livermore

  Important, Right Time

  48 Copy quote

• 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.

  Jesse Lauriston Livermore

  Loss, Investing, May

  26 Copy quote

• There are times when you should be completely out of the market, for emotional as well as economic reasons.

  Jesse Lauriston Livermore

  Emotional, Reason, Economic

  33 Copy quote

• The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.

  Jesse Lauriston Livermore

  Past, Investing, Movement

  17 Copy quote

• 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.

  Jesse Lauriston Livermore

  Cutting, Loss, Soul

  30 Copy quote

• Without faith in his own judgment no man can go very far in this game. That is about all I have learned - to study general conditions, to take a position and stick to it. I can wait without a twinge of impatience. I can see a setback without being shaken, knowing that it is only temporary.

  Jesse Lauriston Livermore

  Men, Games, Knowing

  34 Copy quote

• It never was my thinking that made the big money for me. It always was my sitting.

  Jesse Lauriston Livermore

  Thinking, Sitting, Investment

  71 Copy quote

• A man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

  Jesse Lauriston Livermore

  Wall, Men, Class

  24 Copy quote

• 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.

  Jesse Lauriston Livermore

  Real, Commitment, Investing

  Jesse Lauriston Livermore (1966). “How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price”

  32 Copy quote

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