Top Jesse Lauriston Livermore Quotes - Quotesmemo.com

Jesse Lauriston Livermore Biography

Jesse Lauriston Livermore

Jesse Lauriston Livermore (July 26, 1877 – November 28, 1940) was an American investor and security analyst. Livermore was famed for making and losing several multimillion-dollar fortunes and short selling during the stock market crashes in 1907 and 1929.

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Jesse Lauriston Livermore Quotes

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.

Financial, Giving, Judgment, Know, Nobody, Tip

It isn't a hunch but the subconscious mind, which is the creative mind, at work. That is the mind which makes artists do things without their knowing how they came to do them. Perhaps with me it was the cumulative effect of a lot of little things individually insignificant but collectively powerful.

Artist, Artists, Came, Individually, Knowing, Powerful

The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.

Business, Die, Emotional, Speculation, Stupid, World

A man must study general conditions, to seize them so as to be able to anticipate probabilities.

Able, Anticipate, Conditions, Investing, Man, Men

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.

Catch, Giving Up, Learn, Traders, Trying, Two

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.

Easier, Hundreds, Ignorance, Investing, Trade

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.

Arguing, Investing, Sore, Stock, Tape

Money is made by sitting, not trading.

Made, Money, Sitting, Trading

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.

Bullish, Investing, Market, Men, People

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.

Convince, Making Money, Method, Somebody, Thing

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.

Acting Right, Long, Profits, Running, Take, Ventures

It is what people actually did in the stock market that counted - not what they said they were going to do.

Investing, Market, People, Said, Stock

A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.

Investing, Opinions, Prudent, Speculator, Tape

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.

Good, Like, Ocean, Poise, Tides, Trends

The stock market is never obvious. It is designed to fool most of the people, most of the time.

Fool, Market, Obvious, People, Stock

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.

Brains, Class, Figured, Men, Time, Wall

The only thing to do when a man is wrong is to be right by ceasing to be wrong.

Ceasing, Men, Right, Thing, Things To Do, Wrong

I began to realize that the big money must necessarily be in the big swing.

Swings, Realizing, Bigs, Realize, Swing, Big

Men who can both be right and sit tight are uncommon.

Men, Right, Sit, Speculators, Tight, Uncommon

If you can't sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.

Case, Gone, Night, Sleep

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