'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.'
About this quote
- What does it mean?
- Profitable speculation comes from entering positions that show gains immediately.
- In plain terms
- Real profits happen when a trade is right from the start.
- What can you take from it?
- Enter trades that confirm your thesis quickly to ensure profitability.
Where it applies
Putting it to work
Questions to consider
- How do you define a trade showing profit from the start?
- What if a good trade dips before rising?
Another view
Sometimes profitable trades need time to develop before showing gains.
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.'
Permalink to quote #10 '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.'
Permalink to quote #12 '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.'
Permalink to quote #9
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