'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.'
About this quote
- What does it mean?
- Trading skill makes large sums of money easier to earn than small sums were before.
- In plain terms
- Once you know how to trade, millions come easier than hundreds did before.
- What can you take from it?
- Mastering trading skills scales your earning potential significantly.
Where it applies
Putting it to work
Questions to consider
- What separates a skilled trader from an unskilled one?
- Is knowledge alone enough to make money?
Another view
Skill does not guarantee success if market conditions change drastically.
More from Jesse Lauriston Livermore
'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.'
Permalink to quote #11 '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.'
Permalink to quote #13 '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
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