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Quote by Jesse Lauriston Livermore

“The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.”

Quote by Jesse Lauriston Livermore

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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“The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think.”

Thinking Men Want Doe Desire Wish Particular Bears Sells Investing Average Buying Lazy Trading Bulls Average Man

Author:Jesse Lauriston Livermore

“"I can't sleep" answered the nervous one. "Why not?" asked the friend. "I am carrying so much cotton that I can't sleep thinking about. It is wearing me out. What can I do?" "Sell down to the sleeping point", answered the friend.”

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“He will risk half his fortune in the stock market with less reflection that he devotes to the selection of a medium-priced automobile.”

Half Risk Reflection Fortune Investing Mediums Trading Selection Automobile

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.""”

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Author:Jesse Lauriston Livermore

“I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up.”

People Men Particular Bears Down And Sells Investing Trading Bulls Bull Markets Bullish

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.”

Trying Mind Bigs Moving Next Speak Interest Watches Break Movement Limits Investing Determine Range Things To Do Tape Trading Anticipate Break Through Make Up Your Mind

Author:Jesse Lauriston Livermore

“I don't know whether I make myself plain, but I never lose my temper over the stock market. I never argue with the tape. Getting sore at the market doesn't get you anywhere.”

Knows Loses Investing Arguing Temper Tape Trading

Author:Jesse Lauriston Livermore

“Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.”

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Author:Jesse Lauriston Livermore

“The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.”

Feels Home Action Desire Loss Streets Conditions Wall Responsible Constant Investing Wages Trading

Author:Jesse Lauriston Livermore

“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

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