72 Quotes by Jesse Lauriston Livermore

I never argue with the tape. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia.

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

Without faith in his own judgment no man can go very far in this game. That is about all I have learned – to study general conditions, to take a position and stick to it. I can wait without a twinge of impatience. I can see a setback without being shaken, knowing that it is only temporary.

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

I was utterly free of speculative prejudices. The bear side doesn’t appeal to me any more than the bull side, or vice versa. My one steadfast prejudice is against being wrong.

It takes a man a long time to learn all the lessons of all his mistakes.

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.

It is what people actually did in the stock market that counted – not what they said they were going to do.

It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.