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Jesse Lauriston Livermore

Jesse Lauriston Livermore Quotes

Stock trader

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Famous Jesse Lauriston Livermore Quotes

“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.”

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Book:How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price
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“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.”

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Author:Jesse Lauriston Livermore
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