Quote

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.

Jesse Lauriston Livermore

Change background

T
T
T

Change font

TAGS & TOPICS

Jesse Lauriston Livermore
May
Develop
Must
Bigger
Much
Loss
Instead
Fearing
Hope
Trading
Bigs
Hoping
Fear
Investing
Become
Profit

More quotes by Jesse Lauriston Livermore

Image
It isn't as important to buy as cheap as possible as it is to buy at the right time.
Jesse Lauriston Livermore
Image
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
Image
Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks.
Jesse Lauriston Livermore
Image
It took me five years to learn to play the game intelligently enough to make big money when I was right.
Jesse Lauriston Livermore
Image
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
Image
A man must study general conditions, to seize them so as to be able to anticipate probabilities.
Jesse Lauriston Livermore
Image
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
Image
Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.
Jesse Lauriston Livermore
Image
I can't sleep answered the nervous one. Why not? asked the friend. I am carrying so much cotton that I can't sleep thinking about. It is wearing me out. What can I do? Sell down to the sleeping point, answered the friend.
Jesse Lauriston Livermore
Image
The stock market is never obvious. It is designed to fool most of the people, most of the time.
Jesse Lauriston Livermore
Image
One of the most helpful things that anybody can learn is to give up trying to catch the last eighth - or the first. These two are the most expensive eighths in the world. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.
Jesse Lauriston Livermore
Image
It never was my thinking that made the big money for me. It always was my sitting.
Jesse Lauriston Livermore
Image
Never buy at the bottom, and always sell too soon.
Jesse Lauriston Livermore
Image
Trends come like a series of ocean waves, bringing the high tide when things are good and, as conditions recede, the low tide appears. These trends come unexpectedly, unpredictably, and they have to be weathered with temperance, poise, and patience- good or bad.
Jesse Lauriston Livermore
Image
For instance, let us say that a new stock has been listed in the last two or three years and its high was 20, or any other figure, and that such a price was made two or three years ago. If something favorable happens in connection with the company, and the stock starts upward, usually it is safe play to buy the minute it touches a brand new high.
Jesse Lauriston Livermore
Image
On Pat Hearne - He made money in stocks, and that made people ask him for advice. He would never give any. If they asked him point-blank for his opinion about the wisdom of their commitments he used a favorite race-track maxim of his: You can't tell till you bet.
Jesse Lauriston Livermore
Image
Money is made by sitting, not trading.
Jesse Lauriston Livermore
Image
I don't know whether I make myself plain, but I never lose my temper over the stock market. I never argue with the tape. Getting sore at the market doesn't get you anywhere.
Jesse Lauriston Livermore
Image
There is time to go long, time to go short and time to go fishing.
Jesse Lauriston Livermore
Image
Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.
Jesse Lauriston Livermore