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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

  • stock trading
  • commodity trading
  • investment

Putting it to work

  • waiting for initial profit confirmation
  • cutting losing trades early

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

  1. '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
  2. '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
  3. '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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