15 Quotes by Jesse Livermore

If a man didn't make mistakes he'd own the world in a month. But if he didn't profit by his mistakes he wouldn't own a blessed thing

Old Baron Rothschild’s recipe for wealth winning applies with greater force than ever to speculation. Somebody asked him if making money in the Bourse was not a very difficult matter and he replied that, on the contrary, he thought that it was very easy… "I will tell you my secret if you wish. It is this: I never buy at the bottom and I always sell too soon.

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

There is only one side of the market and it is not the bull side or the bear side, but the right side.

After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.

A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.

A man must know himself thoroughly if he is going to make a good job out of trading in the speculative markets. To know what I was capable of in the line of folly was a long educational step. I sometimes think that no price is too high for a speculator to pay to learn that which will keep him from getting the swelled head.

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.