Jesse Livermore is one of the greatest traders of all time. His lessons – mainly famous from one of the greatest trading books ever written Reminiscences of a Stock Operator, are just as relevant today as they were back in the early 1900s. Read the following 10 Jesse Livermore Quotes and learn to live by them.
1. “The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.” – Jesse Livermore
2. “The good speculators always wait and have patience, waiting for the market to confirm their judgment.” – Jesse Livermore
3. “He will risk half his fortune in the stock market with less reflection that he devotes to the selection of a medium-priced automobile.” – Jesse Livermore
4. “Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.” – Jesse Livermore
5. “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.” – Jesse Livermore
6. “The game taught me the game. And it didn’t spare the rod while teaching.” – Jesse Livermore
7. “One of the most helpful things that anybody can learn is to give up trying to catch the last eighth or the first. These are the two most expensive eighths in the world.” – Jesse Livermore
9. “Markets are never wrong. Opinions often are.” – Jesse Livermore
10. “As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.” – Jesse Livermore
Discussion