Quotes Category: Jesse Livermore

Successful trading is always an emotional battle for the speculator, not an intelligent battle. He knew that his biggest enemy was his own emotions.

First, do not be invested in the market all the time. There are many times when I have been completely in cash, especially when I was unsure of the direction of the market and waiting for a confirmation of the next move. Second, it is the change in the major […]

To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.

A man must know himself thoroughly if he is going to make a good job out of trading.

It’s not the thinkin’ that makes the money – it’s the sitting’ and waiting’ that makes the money.

There is only one side of the market and it is not the bull side or the bear side, but the right side.

After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.

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

To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.

Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket.