'The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.'
About this quote
- What does it mean?
- Investors often undermine their own success by failing to hold positions during trends. "s": "People lose money not because the market beats them, but because they cannot sit tight.
- What can you take from it?
- Self-sabotage through impatience causes more losses than the market.
Where it applies
Putting it to work
Questions to consider
- What breaks your discipline?
- When do you act on fear?
Another view
Sometimes exiting early is the right call.
More from Jesse Lauriston Livermore
'Men who can both be right and sit tight are uncommon.'
Permalink to quote #4 'He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizin…
Permalink to quote #6 '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
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