Jesse Lauriston Livermore Quotes - Page 3

Quotes about:

• Trends come like a series of ocean waves, bringing the high tide when things are good and, as conditions recede, the low tide appears. These trends come unexpectedly, unpredictably, and they have to be weathered with temperance, poise, and patience- good or bad.

  Jesse Lauriston Livermore

  Ocean, Trends, Tides

  16 Copy quote

• When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up.

  Jesse Lauriston Livermore

  Business, Long, Investing

  34 Copy quote

• Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.

  Jesse Lauriston Livermore

  Attitude, Desire, Investing

  20 Copy quote

• One of the most helpful things that anybody can learn is to give up trying to catch the last eighth - or the first. These two are the most expensive eighths in the world. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.

  Jesse Lauriston Livermore

  Giving Up, Two, Trying

  16 Copy quote

• No one ever went broke by taking a profit.

  Jesse Lauriston Livermore

  Broke, Profit

  25 Copy quote

• I have always played a lone hand. It is the way my mind works. I have to do my own seeing and my own thinking. But I can tell you that after the market began to go my way I felt for the first time in my life that I had allies - the strongest and truest in the world: underlying conditions. They were helping me with all their might.

  Jesse Lauriston Livermore

  Thinking, Hands, Mind

  16 Copy quote

• The market always does what it should do, but not always when

  Jesse Lauriston Livermore

  Doe, Should

  18 Copy quote

• There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time.

  Jesse Lauriston Livermore

  Wall, Thinking, Doe

  22 Copy quote

• If I learned all this so slowly it was because I learned by my mistakes, and some time always elapses between making a mistake and realizing it, and more time between realizing it and exactly determining it.

  Jesse Lauriston Livermore

  Mistake, Realizing, More Time

  13 Copy quote

• I cannot fear to be wrong because I never think I'm wrong until I am proven wrong. In fact, I am uncomfortable unless I am capitalizing my experience.

  Jesse Lauriston Livermore

  Thinking, Facts, Uncomfortable

  22 Copy quote

• It isn't a hunch but the subconscious mind, which is the creative mind, at work. That is the mind which makes artists do things without their knowing how they came to do them. Perhaps with me it was the cumulative effect of a lot of little things individually insignificant but collectively powerful.

  Jesse Lauriston Livermore

  Powerful, Artist, Knowing

  22 Copy quote

• If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of ten thousand brothers or cousins of the original.

  Jesse Lauriston Livermore

  Wise, Cousin, Brother

  28 Copy quote

• 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.

  Jesse Lauriston Livermore

  Tape, Investing, Arguing

  16 Copy quote

• Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on.

  Jesse Lauriston Livermore

  Jobs, Trying, Speculation

  18 Copy quote

• 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."

  Jesse Lauriston Livermore

  Believe, Men, Games

  19 Copy quote

• Don't give me timing, give me time

  Jesse Lauriston Livermore

  Giving, Timing, Give Me

  11 Copy quote

• It is what people actually did in the stock market that counted - not what they said they were going to do.

  Jesse Lauriston Livermore

  People, Investing, Said

  18 Copy quote

• If somebody had told me my method would not work I nevertheless would have tried it out to make sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating.

  Jesse Lauriston Livermore

  Making Money, Method, Convince

  15 Copy quote

• 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.

  Jesse Lauriston Livermore

  Men, People, Investing

  20 Copy quote

• "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.

  Jesse Lauriston Livermore

  Sleep, Thinking, Why Not

  19 Copy quote

• I was utterly free of speculative prejudices. The bear side doesn't appeal to me any more than the bull side, or vice versa. My one steadfast prejudice is against being wrong.

  Jesse Lauriston Livermore

  Vices, Prejudice, Bulls

  11 Copy quote

• "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.""

  Jesse Lauriston Livermore

  Commitment, Race, People

  10 Copy quote

• He will risk half his fortune in the stock market with less reflection that he devotes to the selection of a medium-priced automobile.

  Jesse Lauriston Livermore

  Reflection, Risk, Investing

  12 Copy quote

• When a man is right he wants to get all that is coming to him for being right.

  Jesse Lauriston Livermore

  Men, Want

  10 Copy quote

• Ignorance at twenty-two isn't a structural defect.

  Jesse Lauriston Livermore

  Ignorance, Two, Twenties

  10 Copy quote

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