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Jesse Lauriston Livermore Quotes

Stock trader

Jesse Lauriston Livermore was a renowned stock trader, born on July 26, 1877, and died on November 28, 1940. He was known for his keen insight and bold investment strategies in the stock market, often referred to as the 'King of the Stock Market'.

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All Investing Trading Men Ifs Bigs Sells Bulls People Speculators Thinking Bull Markets Doe Games Made Profit Trying Conditions Long Streets Traders

Famous Jesse Lauriston Livermore Quotes

“If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of ten thousand brothers or cousins of the original.”

Ifs Men Mistake Wise Brother Thousand Lucky Ten Originals Cousin Same Mistakes

Author:Jesse Lauriston Livermore

“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.”

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

“If somebody had told me my method would not work I nevertheless would have tried it out to make sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating.”

Ifs Loses One Thing Method Making Money Convince Nevertheless

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.”

People Ifs Men Mind Matter Would Be Games Fun Differences Race Brain Happened Unusual Guessing Brain Power Subtraction Bookkeepers

Author:Jesse Lauriston Livermore

“If I learned all this so slowly it was because I learned by my mistakes, and some time always elapses between making a mistake and realizing it, and more time between realizing it and exactly determining it.”

Ifs Realizing Mistake Making Mistakes More Time My Mistakes

Author:Jesse Lauriston Livermore

“Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.”

Ifs Trying Wise Sells Reactions

Author:Jesse Lauriston Livermore

“"On Pat Hearne - He made money in stocks, and that made people ask him for advice. He would never give any. If they asked him point-blank for his opinion about the wisdom of their commitments he used a favorite race-track maxim of his: "You can't tell till you bet.""”

People Ifs Giving Made Used Asks Race Opinion Advice Commitment Investing Track Blank Trading Maxims Race Track

Author:Jesse Lauriston Livermore

“"If I buy stocks on Smith's tip I must sell those same stocks on Smith's tip. I am depending on him. Suppose Smith is away on a holiday when the selling time comes around?”

Ifs Sells Investing Selling Holiday Trading

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."”

Ifs Men Believe Games Don't Believe Investing Judgement Trading

Author:Jesse Lauriston Livermore

“If you can't sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.”

Ifs Night Sleep Levels Cases Gone Position Sells Investing Trading Can't Sleep

Author:Jesse Lauriston Livermore

“It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.”

Ifs Mind Firsts Shows Loss Written Trade Investing Average Trading Foolhardy

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

About the Author

Born: July 26, 1877
Died: November 28, 1940
Known for: Stock trader
Quotes: 79

Books & Sources

How to Trade in Stocks: The Livermore Formula for Combining Time Element and PriceRelated source material

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