“Trends come like a series of ocean waves, bringing the high tide when things are good and, as conditions recede, the low tide appears. These trends come unexpectedly, unpredictably, and they have to be weathered with temperance, poise, and patience- good or bad.” ConditionsOceanLowsSeriesWaveTrendsTidesTemperancePoiseWeatheredOcean Wave Author:Jesse Lauriston Livermore
“Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks.” TryingBelieveEndsBigsGamesIndividualStudySpecialConditionsFactorsSwingsBullsFluctuationBull Markets Author:Jesse Lauriston Livermore
“Without faith in his own judgment no man can go very far in this game. That is about all I have learned - to study general conditions, to take a position and stick to it. I can wait without a twinge of impatience. I can see a setback without being shaken, knowing that it is only temporary.” MenI CanGamesWaitingKnowingStudyConditionsPositionJudgmentSticksTemporaryI Have LearnedImpatienceSetback Author:Jesse Lauriston Livermore
“I have always played a lone hand. It is the way my mind works. I have to do my own seeing and my own thinking. But I can tell you that after the market began to go my way I felt for the first time in my life that I had allies - the strongest and truest in the world: underlying conditions. They were helping me with all their might.” ThinkingWorldWayMindFirstsI CanHelpingHandsMightFeltMy OwnSeeingConditionsFirst TimeMy WayStrongestAlliesTruestLone Author:Jesse Lauriston Livermore
“The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” FeelsHomeActionDesireLossStreetsConditionsWallResponsibleConstantInvestingWagesTrading Author:Jesse Lauriston Livermore
“A man must study general conditions, to seize them so as to be able to anticipate probabilities.” MenAbleStudyConditionsInvestingProbabilityTradingAnticipate Author:Jesse Lauriston Livermore
