Quote

To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.

Jesse Lauriston Livermore

Change background

T
T
T

Change font

TAGS & TOPICS

Jesse Lauriston Livermore
Signals
React
Patient
Market
Gives
Speculate
Giving
Signal
Gamble
Anticipate

More quotes by Jesse Lauriston Livermore

Image
A man must believe in himself and his judgement if he expects to make a living at this game. That is why I don't believe in tips.
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
It isn't as important to buy as cheap as possible as it is to buy at the right time.
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
If the unusual never happened there would be no difference in people and then there wouldn't be any fun in life. The game would become merely a matter of addition and subtraction. It would make of us a race of bookkeepers with plodding minds. It's the guessing that develops a man's brain power.
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
I have always played a lone hand. It is the way my mind works. I have to do my own seeing and my own thinking. But I can tell you that after the market began to go my way I felt for the first time in my life that I had allies - the strongest and truest in the world: underlying conditions. They were helping me with all their might.
Jesse Lauriston Livermore
Image
Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.
Jesse Lauriston Livermore
Image
Money is made by sitting, not trading.
Jesse Lauriston Livermore
Image
Never buy at the bottom, and always sell too soon.
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
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
It takes a man a long time to learn all the lessons of all his mistakes.
Jesse Lauriston Livermore
Image
If I learned all this so slowly it was because I learned by my mistakes, and some time always elapses between making a mistake and realizing it, and more time between realizing it and exactly determining it.
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
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. Got that? My sitting tight!
Jesse Lauriston Livermore
Image
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
Image
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
Image
If I buy stocks on Smith's tip I must sell those same stocks on Smith's tip. I am depending on him. Suppose Smith is away on a holiday when the selling time comes around?
Jesse Lauriston Livermore