Quote #11
'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 from Jesse Lauriston Livermore
- 'When this happens I sell the stock short that is, technically. In other words, I sell more stock than I actually hold.'
- '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.'
- 'When I buy stocks for a rise I like to pay top prices and when I sell I must sell low or not at all.'
- 'If my stock does not act as I anticipated, I immediately determine that the time is not yet ripe - so I close out my commitment.'
- 'When your security is acting right, you can safely add to your line from then forward!'
- 'The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you c…
- 'Obviously the thing to do was to be bullish in a bull market and bearish in a bear market.'
- 'From my point of view, the investors are the big gamblers. They make a bet, stay with it, and if all goes wrong, they lose it all.'