“The market always does what it should do, but not always when” ShouldDoe Author:Jesse Lauriston Livermore
“There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time.” ThinkingDoeStreetsWallFoolTradeAll TimeWrong Things Author:Jesse Lauriston Livermore
“A man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.” MenMayDoeLosesBrainClassStreetsWallBeatsThirdsGradesNeverthelessImpatientDoubtfulSuckerThird Grade Author:Jesse Lauriston Livermore
“A market does not culminate in one grand blaze of glory. Neither does it end with a sudden reversal of form. A market can and does often cease to be a bull market long before prices generally begin to break.” LongDoeEndsFormBreakGloryCeaseBullsReversalBull Markets Author:Jesse Lauriston Livermore
“A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.” DoeSoulLossForgetCuttingBotherDamageNever ForgetForget ItBeing WrongYour LossPocketbooks Author:Jesse Lauriston Livermore
“The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.” DoeBrainBeatsInvestingTradingSpeculators Author:Jesse Lauriston Livermore
“The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think.” ThinkingMenWantDoeDesireWishParticularBearsSellsInvestingAverageBuyingLazyTradingBullsAverage Man Author:Jesse Lauriston Livermore
