“It takes a man a long time to learn all the lessons of all his mistakes.” MenLongMistakeLessonsLong Time 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
“When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up.” LongLevelsBusinessSellsInvestingScalesRisingBuyingReverse Author:Jesse Lauriston Livermore
“Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jump from one stock to another, hold a losing position too long, and cut out of a winner too soon, for no reason other than fear of losing profit. Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralised, depressed, despondent, and abandon the market and the chance to make a fortune from what the market has to offer.” MayLongReasonRememberFallFightingChanceClearPsychologyCuttingPlansPositionIgnoranceEmotionalDisciplineOffersLosingStrategyFortuneGreedProfitWinnerNo ReasonAbandonCatastropheImpatienceDominancePitfallsConciseSpeculatorsDespondent Author:Jesse Lauriston Livermore
“At long as a stock is acting right, and the market is right, do not be in a hurry to take profits. One should never permit speculative ventures to run into investments.” ShouldLongRunningActingInvestmentProfitClassicPermitVentureActing Right Author:Jesse Lauriston Livermore
“There is time to go long, time to go short and time to go fishing.” LongBusinessLong TimeFinanceFishing Author:Jesse Lauriston Livermore
