Trade Like Jesse Livermore Quotes

“The successful investor is not invested in the market all the time ; there are many times when you should be completely in cash - Jesse Livermore”
― Richard Smitten, Trade Like Jesse Livermore

“Remember, the stock market is not driven by reason, logic, or pure economics, but by human nature which never changes." - Jesse Livermore”
― Richard Smitten, Trade Like Jesse Livermore

“There is always the temptation in the stock market, after a period of success, to become careless or excessively ambitious". - Jesse Livermore.”
― Richard Smitten, Trade Like Jesse Livermore

“When you are handling surplus income, do not delegate the task to anyone". Jesse Livermore.”
― Richard Smitten, Trade Like Jesse Livermore

“Markets are never wrong —opinions often are." Jesse Livermore”
― Richard Smitten, Trade Like Jesse Livermore

“Remember the clever speculator is always patient and has a reserve of cash.” —Jesse Livermore.”
― Richard Smitten, Trade Like Jesse Livermore

“In the stock market, time is not money—time is time— and money is money." - Jesse Livermore.”
― Richard Smitten, Trade Like Jesse Livermore

“I do not take tips. I prefer to make my own
mistakes—not the mistakes of other people!” - Jesse Livermore.”
― Richard Smitten, Trade Like Jesse Livermore

“All Livermore’s life, he found that there is true joy in the solitude and the pure mathematical
work he did during this time '.”
― Richard Smitten, Trade Like Jesse Livermore

“Livermore was also conscious of the fact by then that if you do well, if you are successful, most people become envious, and they covet your success; if you do poorly they revel in your misfortune".”
― Richard Smitten, Trade Like Jesse Livermore

“One of the things Livermore liked best about his job, was the solitude—he loved the
individuality, being the lone wolf—everything that happened occurred as a result of his judgment.”
― Richard Smitten, Trade Like Jesse Livermore

“Livermore had no interest in tips, gossip, and the interpretation of the daily news events concerning the stock market".”
― Richard Smitten, Trade Like Jesse Livermore

“Over the years I took many millions of dollars out of Wall Street and invested them in Florida land, aircraft companies, oil wells, and new miracle products based on new inventions—they were all abject failures, disasters. I lost every cent I ever invested in them" - Jesse Livermore.”
― Richard Smitten, Trade Like Jesse Livermore

“It is also interesting to observe that there are now, in 2004, more mutual funds than stocks on the NYSE".”
― Richard Smitten, Trade Like Jesse Livermore

“Stock market moves up roughly a third of the time, sideways a third of the time, and downward a third of the time".”
― Richard Smitten, Trade Like Jesse Livermore

“It is extremely dangerous to sell short because the potential loss is unlimited".”
― Richard Smitten, Trade Like Jesse Livermore