“Every once in a while you must go to cash, take a break, take a vacation. Don't try to play the market all the time. It can't be done, too tough on the emotions.” TryingDonePlayEmotionBreakToughVacationCash Author:Jesse Lauriston Livermore
“Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on.” TryingHardJobsSpeculationSpeculators 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
“Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.” IfsTryingWiseSellsReactions Author:Jesse Lauriston Livermore
“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.” TryingMindBigsMovingNextSpeakInterestWatchesBreakMovementLimitsInvestingDetermineRangeThings To DoTapeTradingAnticipateBreak ThroughMake Up Your Mind 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
“One of the most helpful things that anybody can learn is to give up trying to catch the last eighth - or the first. These two are the most expensive eighths in the world. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.” WorldGivingTryingFirstsTwoEnoughLastsMillionsCostGiving UpDollarsInvestingExpensiveHelpfulConcreteContinentsTradingHighwaysTraders Author:Jesse Lauriston Livermore
