• 2 days Is $90 Oil Possible? An Interview With Jay Park
  • 2 days Billions Of Dollars Are Flooding Into The Flying Taxi Space
  • 3 days Is This The Most Important Energy Project Of 2020?
  • 3 days Startups Are Dying To Give You A Better Death
  • 4 days U.S. Restaurants Are Struggling With Rising Labor Costs
  • 4 days The Banking Bonanza Is Just Getting Started
  • 5 days How The Trade War Ceasefire Will Impact The Energy Industry
  • 5 days Who Is The Most Dangerous Person On The Internet?
  • 6 days SoftBank Sees First Quarterly Loss In 14 Years
  • 8 days Prepare For An Oil Glut In 2020
  • 8 days Why A Strong Yuan Is A Promising Sign For The Trade War
  • 9 days What Would You Sacrifice For A Debt-Free Life?
  • 9 days Shareholders Urge Major Bank To Stop Funding Fossil Fuel Companies
  • 10 days Tariffs Are Causing A Slowdown In U.S. Manufacturing
  • 10 days The Great Silicon Valley Migration Has Begun
  • 11 days 3 Oil Stocks Paying Out Promising Dividends In 2020
  • 11 days How Fractional Trading Is Democratizing the Stock Markets
  • 11 days Why Smart Money Is Looking To Short Aramco
  • 12 days Gold Major Looks To Hike Dividends By 79%
  • 12 days Three Reasons Precious Metals Are On The Rise
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Jesse Livermore Quotes To Remind You In Times Like These

The man who made and lost, many times has a few words to remind you.


Quotes...

Jesse Livermore

"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, taken together, enough millions of dollars to build a concrete highway across the continent."

"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 was always my sitting. Got that? My sitting tight!"

"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."

"Tape reading was an important part of the game; so was beginning at the right time; so was sticking to your position. But my greatest discovery was that a man must study general conditions, to size them so as to be able to anticipate probabilities."

"Every once in a while you must go to cash, take a break, takes a vacation. Do not try to play the market all the time. It cannot be done, too tough on the emotions."

- Jesse Livermore

COMMENT: The market has fallen hard and fast. The leverage has done damage you can not see, it will take some months before the supply dries up. Buyers time to take a vacation, come back in Nov 2015. Any bounce may be a great short. Those with RTT Plus service can follow our RTT Market Timer to help guide you back in to the market. Just like all the other pullbacks over the last 30 years.

 

Back to homepage

Leave a comment

Leave a comment