10 Jesse Lauriston Livermore Quotes on Trading

Jesse Lauriston Livermore quotes on trading

2. '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?'

3. 'It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!'

8. 'When your security is acting right, you can safely add to your line from then forward!'

10. 'When this happens I sell the stock short that is, technically. In other words, I sell more stock than I actually hold.'

11. 'Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.'

12. 'It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.'

13. 'If my stock does not act as I anticipated, I immediately determine that the time is not yet ripe - so I close out my commitment.'

14. 'The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.'

16. 'A great many smashes by brilliant men can be traced directly to the swelled head - an expensive disease everywhere to everybody, but particularly in Wall Street to a speculator.'

17. 'There is only one side to the stock market; and it is not the bull side or the bear side, but the right side'