“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.”
Quote by Jesse Lauriston Livermore
Work
How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price
This book delves into the trading philosophies of Jesse Livermore, a prominent figure in the stock market history, offering insights on how to effectively combine time and price analysis for successful stock trading. more
Author
Jesse Lauriston Livermore
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'. more
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“Don't make a habit out of choosing what feels good over what's actually good for you.”