Jesse Lauriston Livermore Quotes - Page 2

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• A market does not culminate in one grand blaze of glory. Neither does it end with a sudden reversal of form. A market can and does often cease to be a bull market long before prices generally begin to break.

  Jesse Lauriston Livermore

  Long, Doe, Bulls

  25 Copy quote

• 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.

  Jesse Lauriston Livermore

  Moving, Break Through, Mind

  52 Copy quote

• Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.

  Jesse Lauriston Livermore

  Wise, Trying, Reactions

  22 Copy quote

• I never argue with the tape. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia.

  Jesse Lauriston Livermore

  Pneumonia, Mad, Tape

  19 Copy quote

• They say you never grow poor taking profits. No, you don't. But neither do you grow rich taking a four-point profit in a bull market. Where I should have made twenty thousand dollars I made two thousand. That was what conservatism did for me.

  Jesse Lauriston Livermore

  Should Have, Two, Twenties

  17 Copy quote

• 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.

  Jesse Lauriston Livermore

  Reading, Tape, Investing

  29 Copy quote

• It took me five years to learn to play the game intelligently enough to make big money when I was right.

  Jesse Lauriston Livermore

  Years, Games, Play

  31 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

• 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 Lauriston Livermore

  Men, Investing, Bigs

  36 Copy quote

• 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 Lauriston Livermore

  Loss, Average, Games

  20 Copy quote

• 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.

  Jesse Lauriston Livermore

  Wall, Home, Loss

  24 Copy quote

• 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.

  Jesse Lauriston Livermore

  Ignorance, Investing, Easier

  32 Copy quote

• Every once in a while you must go to cash, take a break, take a vacation. Don't try to play the market all the time. It can't be done, too tough on the emotions.

  Jesse Lauriston Livermore

  Vacation, Play, Trying

  51 Copy quote

• A man must study general conditions, to seize them so as to be able to anticipate probabilities.

  Jesse Lauriston Livermore

  Men, Investing, Able

  21 Copy quote

• People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth.

  Jesse Lauriston Livermore

  People, Looks, Investing

  29 Copy quote

• The only thing to do when a man is wrong is to be right by ceasing to be wrong.

  Jesse Lauriston Livermore

  Men, Things To Do

  18 Copy quote

• I began to realize that the big money must necessarily be in the big swing.

  Jesse Lauriston Livermore

  Swings, Realizing, Bigs

  17 Copy quote

• There is only one side to the stock market; and it is not the bull side or the bear side, but the right side

  Jesse Lauriston Livermore

  Investing, Bulls, Sides

  33 Copy quote

• 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.

  Jesse Lauriston Livermore

  Men, Thinking, Average

  44 Copy quote

• I know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgment.

  Jesse Lauriston Livermore

  Giving, Financial, Judgment

  37 Copy quote

• The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

  Jesse Lauriston Livermore

  Brain, Doe, Investing

  61 Copy quote

• If you can't sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.

  Jesse Lauriston Livermore

  Sleep, Night, Gone

  22 Copy quote

• There is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.

  Jesse Lauriston Livermore

  Wall, Today, Hills

  28 Copy quote

• When everyone thinks alike, there isn't much thinking taking place. Get out when you can, not when you have to.

  Jesse Lauriston Livermore

  Thinking, Can Not

  25 Copy quote

• At long as a stock is acting right, and the market is right, do not be in a hurry to take profits. One should never permit speculative ventures to run into investments.

  Jesse Lauriston Livermore

  Running, Acting Right, Long

  22 Copy quote

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