Jessie Livermore Quotes

Here are some timeless quotes from the ledgendary turn of the century trader: Jessie Livermore<

"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."

"The game taught me the game."

"A man must believe in himself and his judgement if he expects to make a living at this game."

"There is only one side to the stock market&hellip Not the bull side or the bears side, but the right side It took me longer to get that principle firmly fixed in my mind than it did most of the technical phases of the game of stock speculation."

"I know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgement."

"My plan of trading was sound enough and won oftener than it lost. If I had stuck to it, I'd been right perhaps 7 out of 10 times."

"If a stock doesn't act right, don't touch it; because being unable to tell whats wrong, you cannot tell which way it is going. No diagnosis, no prognosis, no prognosis, no profit."

"A trader gets to play the game as the professional billiard player does-That is, he looks far ahead instead of considering the particular shot before him. It gets to be an instinct to play for position."

"The professional concerns himself with doing the right thing rather than with making money, knowing that the profit takes care of itself if the other things are attended to."

"To learn that a man can make foolish plays for no reason whatever was a valuable lesson for me."

"My greatest discovery was that a man must study general conditions, to size them so as to be able to anticipate probabilities. In short, I had learned that I had to work for my money."

"People who look for easy money invariably pay for the privelege of proving conclusively that it cannot be done on this… earth."

"As I said before, a man does not have to marry one side of the market until death do them part."

"When a man makes a play in… market, he must not permit himself to set opinions. He must have an open mind and flexibility."

"But I can tell you that after the market began to go my way, I felt for the first time in my life that I had allies- the strongest and truest in the world: underlying conditions"

"A trader gets to play the game as the professional billiard player does-That is, he looks far ahead instead of considering the particular shot before him. It gets to be an instinct to play for position."

"It never was my thinking that made big money for me. It was always my sitting. Got that? My sitting tight!"