'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 sizing up the entire market and its trend.'
About this quote
- What does it mean?
- Large profits come from following major market trends
- In plain terms
- Big money is made by seeing the whole market trend, not by watching small price changes.
- What can you take from it?
- Focus on the big picture trend rather than daily noise.
Where it applies
Putting it to work
Questions to consider
- How do you spot the main trend?
- What noise do you ignore?
Another view
Small fluctuations can signal important changes in trend.
More from Jesse Lauriston Livermore
'The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.'
Permalink to quote #5 'Obviously the thing to do was to be bullish in a bull market and bearish in a bear market.'
Permalink to quote #7 'Men who can both be right and sit tight are uncommon.'
Permalink to quote #4
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Jesse Lauriston LivermoreJesse Lauriston Livermore quote #1 'Obviously the thing to do was to be bullish in a bull market and bearish in a bear market.'
Jesse Lauriston LivermoreJesse Lauriston Livermore quote #7 The way to make money is to buy when blood is running in the streets
John D. RockefellerJohn D. Rockefeller quote #5