Don't give me timing, give me time Jesse Lauriston Livermore More Quotes by Jesse Lauriston Livermore More Quotes From Jesse Lauriston Livermore The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages. Jesse Lauriston Livermore walllosshome 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. Jesse Lauriston Livermore acting-rightrunninglong There are times when you should be completely out of the market, for emotional as well as economic reasons. Jesse Lauriston Livermore economicemotionalreason It never was my thinking that made the big money for me. It always was my sitting. Jesse Lauriston Livermore investmentsittingthinking 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. Jesse Lauriston Livermore judgmentfinancialgiving Never buy at the bottom, and always sell too soon. Jesse Lauriston Livermore sellsbottomwealth It took me five years to learn to play the game intelligently enough to make big money when I was right. Jesse Lauriston Livermore gamesplayyears The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think. Jesse Lauriston Livermore averagementhinking It takes a man a long time to learn all the lessons of all his mistakes. Jesse Lauriston Livermore mistakemenlong Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally. Jesse Lauriston Livermore reactionswisetrying When everyone thinks alike, there isn't much thinking taking place. Get out when you can, not when you have to. Jesse Lauriston Livermore can-notthinking I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up. Jesse Lauriston Livermore investingmenpeople 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 Lauriston Livermore investingbigsmen 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 Lauriston Livermore investingeasierignorance Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on. Jesse Lauriston Livermore speculationtryingjobs Money is made by sitting, not trading. Jesse Lauriston Livermore tradingsittingmade I began to realize that the big money must necessarily be in the big swing. Jesse Lauriston Livermore swingsrealizingbigs 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. Jesse Lauriston Livermore cuttingsoulloss There is only one side to the stock market; and it is not the bull side or the bear side, but the right side Jesse Lauriston Livermore investingbullssides A man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. Jesse Lauriston Livermore wallclassmen
