Quote #18

Reminiscences of a Stock Operator by Edwin Lefevre, the source work from which most of these quotations are taken. This is a newly edited and updated version for ease of online reading, with fully restored typography conventions and author's phrasing to accurately reflect intended meaning of the original published work. Hyperlinks to external references have been introduced to help clarify unfamiliar terminology and offer background context about key personalities and events mentioned in the text.

More from Jesse Lauriston Livermore

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

All Jesse Lauriston Livermore quotes