72 Quotes by Jesse Lauriston Livermore

Every once in a while you must go to cash, take a break, take a vacation. Don’t try to play the market all the time. It can’t be done, too tough on the emotions.

If you can’t sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.

It isn’t as important to buy as cheap as possible as it is to buy at the right time.

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.

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 judgment.

Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.

There are times when you should be completely out of the market, for emotional as well as economic reasons.

At long as a stock is acting right, and the market is right, do not be in a hurry to take profits. One should never permit speculative ventures to run into investments.