72 Quotes by Jesse Lauriston Livermore

Never try to sell at the top. It isn’t wise. Sell after a reaction if there is no rally.

If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of ten thousand brothers or cousins of the original.

The stock market is never obvious. It is designed to fool most of the people, most of the time.

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

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

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

Men who can both be right and sit tight are uncommon.

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

It isn’t a hunch but the subconscious mind, which is the creative mind, at work. That is the mind which makes artists do things without their knowing how they came to do them. Perhaps with me it was the cumulative effect of a lot of little things individually insignificant but collectively powerful.