JESSE LIVERMORE QUOTES

“I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market, all stocks go down and in a bull market they go up.”

“The stock market is never obvious. It is designed to fool most of the people, most of the time.”

“In trading, the preservation of capital is more important than the pursuit of profits.”

“The stock market is filled with individuals who know the price of everything, but the value of nothing.”

“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among professionals.”

“Losing money is the least of my troubles. A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocketbook and to the soul.”

“You must learn self-control. Stop trying to get rich quick. Take your time. Do exactly what I do, exactly as I do it.”

“There is a time to go long, a time to go short, and a time to go fishing.”

“The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.”

“All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis.”

“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 inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”

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

“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” ELEPHANT MAN QUOTES

“The stock market is never obvious. It is designed to fool most of the people, most of the time.”

“Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.”

“The stock market is not a highly sophisticated game of chance. It is a game of death.”

“Successful trading is not about being right or wrong, but about making money.”

“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.”

“The man who begins to speculate in stocks with the intention of making a fortune usually goes broke, whereas the man who trades with a view of getting good interest on his money sometimes gets rich.”

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

“Money is made by sitting, not trading.”

“Remember that stocks are never too high for you to begin buying or too low to begin selling.”

“There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.”

“The stock market is filled with individuals who know the price of everything, but the value of nothing.”