Jesse Livermore Quotes Page 5


 
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Best 143 Quotes by Jesse Livermore – Page 5 of 5

“Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.”

“What beat me was not having brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favoured my play.”

“What beat me was not having enough brain to stick to my own game.”

“When a man is right he wants to get all that is coming to him for being right.”

“When everyone thinks alike, there isn't much thinking taking place. Get out when you can, not when you have to.”

“When I think I should sell, I sell. When I think stocks will go up, I buy. My adherence to that general principle of speculation saved me. ”

“Wishful thinking must be banished.”

“Without faith in his own judgment no man can go very far in this game.”

“You can win on a stock, but you cannot beat Wall Street all the time.”

How To Trade In Stocks Quotes

“If there was any easy money lying around, no one would be forcing it into your pocket.”

How To Trade In Stocks

“If you are successful, most people are envious and they covet your success.”

How To Trade In Stocks

“If you have timed the movement correctly, your first commitment will show you a profit at the start.”

How To Trade In Stocks

“It has always been my experience that I never benefited much from a move if I did not get in at somewhere near the beginning of that move.”

How to Trade In Stocks

“It is foolhardy to make a second trade, if your first trade shows you a loss. ”Never average losses.” Let that thought be written indelibly upon your mind.”

How To Trade In Stocks

“Money in a broker’s account or in a bank account is not the same as if you feel it in your own fingers once in a while. Then it means something.”

How To Trade In Stocks

“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.”

How To Trade In Stocks

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“Many people seem to think that if an operator is in Wall Street, he can tell what the market is going to do. Nothing is further from the fact.”


More quotes by Charles Dow

“Set your own rules and stick to them; never argue with the market; never make a play you can’t afford; never give way to irrational exuberance. Above all, don’t be a sucker.”

How To Trade In Stocks

“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”

How to Trade In Stocks

Reminiscences of a Stock Operator Quotes

“A man cannot be convinced against his own convictions, but he can be talked into a state of uncertainty and indecision, which is even worse, for that means that he cannot trade with confidence and comfort.”

Reminiscences of a Stock Operator

“A man must know himself thoroughly if he is going to make a good job out of trading in the speculative markets. To know what I was capable of in the line of folly was a long educational step. I sometimes think that no price is too high for a speculator to pay to learn that which will keep him from getting the swelled head.”

Reminiscences of a Stock Operator

“The nature of the game as it is played is such that the public should realize that the truth cannot be told by the few who know.”

Reminiscences of a Stock Operator

“The sucker has always tried to get something for nothing, and the appeal in all booms is always frankly to the gambling instinct aroused by cupidity and spurred by a pervasive prosperity. People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth.”

Reminiscences of a Stock Operator

“To learn that a man can make foolish plays for no reason whatever was a valuable lesson. It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind. It has always seemed to me, however, that I might have learned my lesson quite as well if the cost had been only one million. But Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill, knowing you have to pay it, no matter what the amount may be.”

Reminiscences of a Stock Operator

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“My metric for everything I look at is the 200-day moving average of closing prices. I’ve seen too many things go to zero, stocks and commodities. The whole trick in investing is: “How do I keep from losing everything?” If you use the 200-day moving average rule, then you get out. You play defense, and you get out.”


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