It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.
A prudent speculator never argues with the tape. Markets are never wrong, opinions often are. - Jesse Lauriston Livermore
A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.
- Jesse Lauriston Livermore
There is time to go long, time to go short and time to go fishing. - Jesse Lauriston Livermore
There is time to go long, time to go short and time to go fishing.
To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate. - Jesse Lauriston Livermore
To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.
Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never chang… - Jesse Lauriston Livermore
Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never chang…
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of in… - Jesse Lauriston Livermore
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of in…
Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next ven… - Jesse Lauriston Livermore
Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next ven…
Never buy at the bottom, and always sell too soon. - Jesse Lauriston Livermore
Never buy at the bottom, and always sell too soon.
Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jum… - Jesse Lauriston Livermore
Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jum…
Money is made by sitting, not trading. - Jesse Lauriston Livermore
Money is made by sitting, not trading.
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