Quote #16
'A great many smashes by brilliant men can be traced directly to the swelled head - an expensive disease everywhere to everybody, but particularly in Wall Street to a speculator.'
More from Jesse Lauriston Livermore
- '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.'
- 'There is only one side to the stock market; and it is not the bull side or the bear side, but the right side'
- '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…
- Reminiscences of a Stock Operator by Edwin Lefevre, the source work from which most of these quotations are taken. This is a newly edited a…
- '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.'
- '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.'
- '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…
- 'When this happens I sell the stock short that is, technically. In other words, I sell more stock than I actually hold.'