Jesse Livermore Quotes

Who is Jesse Livermore?

Jesse Lauriston Livermore was an American investor, known for the classic book 'How to Trade in Stocks'

Born July 26, 1877
Died November 28, 1940

Books by Jesse Livermore


Best 143 Quotes by Jesse Livermore | Page 1 of 5

“A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss, that is what does the damage to the pocketbook and to the soul.”

“A man must believe in himself and his judgment if he expects to make a living at this game. That’s why I don’t believe in tips.”

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

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

“A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.”

“A speculator should make it a rule each time he closes out a successful deal to take one-half of his profits and lock this sum up in a safe deposit box. The only money that is ever taken out of Wall Street by speculators is the money they draw out of their accounts after closing a successful deal.”

“A stock is never too high to buy and never too low to short.”

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“A stock operator has to fight a lot of expensive enemies within himself. ”

“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”

“All my life I have made mistakes, but in losing money I have gained experience and accumulated a lot of valuable don’ts. I have been flat broke several times, but my loss has never been a total loss. Otherwise, I wouldn’t be here now. I always knew I would have another chance and that I would not make the same mistake a second time. I believed in myself. ”

“As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.”

“Big money is made in the stock market by being on the right side of the major moves. I don’t believe in swimming against the tide.”

“Big movements take time to develop.”

“Buy rising stocks and sell falling stocks.”

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“Careful timing is essential, impatience is costly.”

“Co-ordinate your trading activity with pivot points.”

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“My only sound reason for buying a stock is that it is rising in price. If that is happening, no other reason is required. If that is not happening, no other reason is worth considering.”

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“Continue with trades that show you a profit, end trades that show a loss.”

“Copper your customers, and grow rich.”

“Courage in a speculator is merely confidence to act on the decision of his mind.”

“Cut your losses quickly, without hesitation. Don’t waste time.”

“Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend.”

“Do not trade every day of every year.”

“Don't give me timing, give me time.”

“Don’t become an involuntary investor by holding onto stocks whose price has fallen.”

“Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.”

“Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion.”

“End trades when it is clear that the trend you are profiting from is over.”

“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.”

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“Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.”

“Failure to take advantage of a serendipitous act of good luck in the stock market is often a mistake.”

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“A sure way to avoid big investment losses: Once a week close out every investment that shows a loss. Keep only those which are moving your favor.”

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