Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally. 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 wall loss home 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-right running long There are times when you should be completely out of the market, for emotional as well as economic reasons. Jesse Lauriston Livermore economic emotional reason It never was my thinking that made the big money for me. It always was my sitting. Jesse Lauriston Livermore investment sitting thinking 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 judgment financial giving Never buy at the bottom, and always sell too soon. Jesse Lauriston Livermore sells bottom wealth It took me five years to learn to play the game intelligently enough to make big money when I was right. Jesse Lauriston Livermore games play years 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 average men thinking It takes a man a long time to learn all the lessons of all his mistakes. Jesse Lauriston Livermore mistake men long 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-not thinking 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 investing men people 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 investing bigs men 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 investing easier ignorance 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 speculation trying jobs Money is made by sitting, not trading. Jesse Lauriston Livermore trading sitting made I began to realize that the big money must necessarily be in the big swing. Jesse Lauriston Livermore swings realizing bigs 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 cutting soul loss 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 investing bulls sides 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 wall class men If somebody had told me my method would not work I nevertheless would have tried it out to make sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating. Jesse Lauriston Livermore convince method making-money
