Trading Quotes by Jesse Livermore

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Here are motivational trading quotes from legendary trader Jesse Livermore that will help keep you focused and on the path to successful trading. Most of Jesse Livermore's trading quotes come from his book "How to Trade Stock" published in 1939. He is most famous today for being the object of the book “Reminiscences of a Stock Operator” by Edwin LeFevre.

Jesse Livermore

Complete list of trading quotes by Jesse Livermore:

“All through time, people have basically acted and re-acted the same way in the market as a result of: greed, fear, ignorance, and hope" ― Jesse Livermore

“Successful traders always follow the line of least resistance – follow the trend – the trend is your friend” ― Jesse Livermore

“Wall Street never changes, the pockets change, the stocks change, but Wall Street never changes, because human nature never changes” ― Jesse Livermore

“Just because a stock is selling at a high price does not mean it won’t go higher” ― Jesse Livermore

“But careful timing is essential…impatience is costly” ― Jesse Livermore

“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 Livermore

“Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.” ― Jesse Livermore

“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 Livermore

“The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.” ― Jesse Livermore

“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 Livermore

"In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction." ― Jesse Livermore

“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 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 Livermore

“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.” ― Jesse Livermore

"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 Livermore

“A man must study general conditions, to seize them so as to be able to anticipate probabilities.” ― Jesse Livermore

“Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.” ― Jesse Livermore

“I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.” ― Jesse Livermore

“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.” ― Jesse Livermore

“A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.” ― Jesse Livermore

“Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.” ― Jesse Livermore

“Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.” ― Jesse Livermore

“It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.” ― Jesse Livermore

“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 Livermore

“It is what people actually did in the stock market that counted – not what they said they were going to do.” ― Jesse Livermore

Hope this article inspires