jesse livermore

“ The nature of the game as it is played is such that the public should realize that the truth cannot be told by the few who know. ”

“ Trade only when the market is clearly bullish or bearish. ”

“ 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! ”

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

“ The game taught me the game. And it didnt spare the rod while teaching. ”

“ Buy rising stocks and sell falling stocks. ”

“ There is only one side to the stock market; and it is not the bull side or the bear side, but the right side. ”

“ Only enter a trade after the action of the market confirms your opinion and then enter promptly. ”

“ It took me five years to learn to play the game intelligently enough to make big money when I was right. ”

“ ... who feel that they must take home some money every day, as though they were working for regular wages. ”