'My dear boy,' said old Partridge, in great distress 'my dear boy, if I sold that stock now I'd lose my position; and then where would I be?'
About this quote
- What does it mean?
- An investor worries about losing his standing if he sells a stock prematurely. "s": "I cannot sell now because I will lose my position in the market.
- What can you take from it?
- Fear of loss can prevent timely selling decisions.
Where it applies
Putting it to work
Questions to consider
- When should you cut losses?
- How much risk can you accept?
Another view
The investor may be holding a losing position too long.
More from Jesse Lauriston Livermore
'In a bull market your game is to buy and hold until you believe that the bull market is near its end.'
Permalink to quote #1 'It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!'
Permalink to quote #3 'Men who can both be right and sit tight are uncommon.'
Permalink to quote #4
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