Jesse Lauriston Livermore Quotes

Enjoy the top 68 famous quotes, sayings and quotations by Jesse Lauriston Livermore.

Jesse Lauriston Livermore Quotes

There are times when you should be completely out of the market, for emotional as well as economic reasons.
— Jesse Lauriston Livermore —

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.

— Jesse Lauriston Livermore

I never argue with the tape. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia.

— Jesse Lauriston Livermore

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.

— Jesse Lauriston Livermore

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

— Jesse Lauriston Livermore

Money is made by sitting, not trading.

— Jesse Lauriston Livermore

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.

— Jesse Lauriston Livermore

For instance, let us say that a new stock has been listed in the last two or three years and its high was 20, or any other figure, and that such a price was made two or three years ago. If something favorable happens in connection with the company, and the stock starts upward, usually it is safe play to buy the minute it touches a brand new high.

— Jesse Lauriston Livermore

Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on.

— Jesse Lauriston Livermore

People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth.

— Jesse Lauriston Livermore

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