“It took me five years to learn to play the game intelligently enough to make big money when I was right.” YearsEnoughPlayBigsGamesFiveFive Years Author:Jesse Lauriston Livermore
“If the unusual never happened there would be no difference in people and then there wouldn't be any fun in life. The game would become merely a matter of addition and subtraction. It would make of us a race of bookkeepers with plodding minds. It's the guessing that develops a man's brain power.” PeopleIfsMenMindMatterWould BeGamesFunDifferencesRaceBrainHappenedUnusualGuessingBrain PowerSubtractionBookkeepers 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
“A man must believe in himself and his judgement if he expects to make a living at this game. That is why I don't believe in tips."” IfsMenBelieveGamesDon't BelieveInvestingJudgementTrading Author:Jesse Lauriston Livermore
“I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.” TryingShowsGamesLossGreaterLosingSellsInvestingAverageProfitTradingWrong ThingsWheatCottonBlunders Author:Jesse Lauriston Livermore
“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 Source: How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price
