Quotessence
Home / Authors / Jesse Lauriston Livermore
Jesse Lauriston Livermore

Jesse Lauriston Livermore Quotes

Stock trader

Filter quotes by topic

AllInvestingTradingMenIfsBigsSellsBullsPeopleSpeculatorsThinking

Famous Jesse Lauriston Livermore Quotes

“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.”

TryingMindBigsMovingNextSpeakInterestWatchesBreakMovementLimitsInvestingDetermineRangeThings To DoTapeTradingAnticipateBreak ThroughMake Up Your Mind
Author:Jesse Lauriston Livermore
Create image

“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 venture. You will reap benefits from their mistakes.”

FeelsRememberNextMistakeBenefitsFoundationTradeInvestingVentureTradingDoing NothingReapSpeculators
Book:How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price
Create image

“One of the most helpful things that anybody can learn is to give up trying to catch the last eighth - or the first. These two are the most expensive eighths in the world. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.”

WorldGivingTryingFirstsTwoEnoughLastsMillionsCostGiving UpDollarsInvestingExpensiveHelpfulConcreteContinentsTradingHighwaysTraders
Author:Jesse Lauriston Livermore
Create image

“Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jump from one stock to another, hold a losing position too long, and cut out of a winner too soon, for no reason other than fear of losing profit. Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralised, depressed, despondent, and abandon the market and the chance to make a fortune from what the market has to offer.”

MayLongReasonRememberFallFightingChanceClearPsychologyCuttingPlansPositionIgnoranceEmotionalDisciplineOffersLosingStrategyFortuneGreedProfitWinnerNo ReasonAbandonCatastropheImpatienceDominancePitfallsConciseSpeculatorsDespondent
Author:Jesse Lauriston Livermore
Create image

“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.”

WorldPersonsDiesGamesPoorBusinessRichStupidEmotionalBalanceInvestingFinanceLazyFascinatingInferiorsSpeculationAdventurousGet RichAdventurerGet Rich QuickEmotional BalanceEmotionally Unstable
Book:How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price
Create image