Quotessence
Home / Books / How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price

How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price

Book by Jesse Lauriston Livermore · 5 quotes · Investing, Trading, Has Beens

Filter quotes by topic

How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price Quotes

“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.”

“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.”

“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.”