Quotes Category: Jesse Livermore

As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.

The real money made in speculating has been in commitments showing in profit right from the start.

Markets are never wrong – opinions often are.

Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion.

Money cannot consistently be made trading every day or every week during the year.

Nothing new ever occurs in the business or speculating or investing in securities and commodities.

Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss must develop into a much bigger loss, and hope that his profit may become a big profit.

Money is made by sitting, not trading.

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 is not as important to buy as cheap as possible as it is to buy at the right time.