'When I buy stocks for a rise I like to pay top prices and when I sell I must sell low or not at all.'
About this quote
- What does it mean?
- Buying at high prices and selling at low prices contradicts standard profit logic. "s": "I buy when prices are high and sell only if prices drop low.
- What can you take from it?
- This strategy suggests buying high and selling low or not at all.
Where it applies
Putting it to work
Questions to consider
- Why buy at the top?
- How do you define selling low?
Another view
Buying top prices is generally considered unwise.
More from Jesse Lauriston Livermore
'When your security is acting right, you can safely add to your line from then forward!'
Permalink to quote #8 'When this happens I sell the stock short that is, technically. In other words, I sell more stock than I actually hold.'
Permalink to quote #10 'Obviously the thing to do was to be bullish in a bull market and bearish in a bear market.'
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