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Quote by Jesse Lauriston Livermore

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

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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“"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.""”

People Ifs Giving Made Used Asks Race Opinion Advice Commitment Investing Track Blank Trading Maxims Race Track

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.”

May Bigs Loss Bigger Investing Profit Trading His Loss

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.”

Feels Remember Next Mistake Benefits Foundation Trade Investing Venture Trading Doing Nothing Reap Speculators

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

“"If I buy stocks on Smith's tip I must sell those same stocks on Smith's tip. I am depending on him. Suppose Smith is away on a holiday when the selling time comes around?”

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Author:Jesse Lauriston Livermore

“A man must believe in himself and his judgement if he expects to make a living at this game. That is why I don't believe in tips."”

Ifs Men Believe Games Don't Believe Investing Judgement Trading

Author:Jesse Lauriston Livermore

“A man must study general conditions, to seize them so as to be able to anticipate probabilities.”

Men Able Study Conditions Investing Probability Trading Anticipate

Author:Jesse Lauriston Livermore