'It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!'
About this quote
- What does it mean?
- Profits come from holding investments patiently rather than from active thinking or trading. "s": "Making money comes from sitting tight on your investments, not from thinking hard.
- What can you take from it?
- Patience and holding positions often beat active trading.
Where it applies
Putting it to work
Questions to consider
- How long should you hold a winning trade?
- What stops you from sitting tight?
Another view
Active analysis is still needed to choose initial investments.
More from Jesse Lauriston Livermore
'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?'
Permalink to quote #2 'Men who can both be right and sit tight are uncommon.'
Permalink to quote #4 '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
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