Jesse Livermore Quotes

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

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

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

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”