Quote #13

'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.'

More from Jesse Lauriston Livermore

  1. '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.'
  2. '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…
  3. 'Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right fro…
  4. '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.'
  5. 'When this happens I sell the stock short that is, technically. In other words, I sell more stock than I actually hold.'
  6. 'A great many smashes by brilliant men can be traced directly to the swelled head - an expensive disease everywhere to everybody, but parti…
  7. '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.'
  8. 'There is only one side to the stock market; and it is not the bull side or the bear side, but the right side'

All Jesse Lauriston Livermore quotes