Jesse Livermore was a famous American stock trader and speculator who lived in the late 19th and early 20th centuries.
He is considered one of the most successful traders in history, and his quotes reflect his deep understanding of the market dynamics and human psychology.
Here are some characteristics of Jesse Livermore’s quotes:
- Insightful observations: Livermore had a keen eye for market trends and patterns. His quotes often provide valuable insights into market behavior and dynamics. He understood the importance of studying market trends, volume, and price action to make informed trading decisions.
- Emphasis on psychology: Livermore recognized that market movements are driven by the collective psychology of market participants. Many of his quotes highlight the significance of understanding and managing emotions in trading. He stressed the importance of controlling fear, greed, and impulsive behavior, as these factors can often lead to poor decision-making.
- Focus on risk management: Livermore understood that managing risk is a crucial aspect of successful trading. His quotes often emphasize the importance of protecting capital and cutting losses quickly when trades go against expectations. Livermore was known for his disciplined approach to risk management, and his quotes reflect this emphasis.
- Embracing flexibility: Livermore was not wedded to any particular trading strategy or ideology. He believed in adapting to changing market conditions and being flexible in one’s approach. His quotes often encourage traders to be open-minded, willing to adjust their strategies when the market requires it.
- Simplicity and clarity: Livermore’s quotes are often straightforward and concise, conveying profound concepts in simple language. He had a talent for distilling complex trading principles into easily understandable statements. This simplicity made his quotes memorable and accessible to traders of all levels of experience.
- Realistic perspective: Livermore understood the realities of trading and did not promote get-rich-quick schemes or unrealistic expectations. His quotes often advocate for patience, discipline, and a realistic assessment of one’s abilities and limitations. He recognized that successful trading requires hard work, continuous learning, and experience.
Overall, Jesse Livermore’s quotes reflect his deep understanding of the markets and the human psychology behind them.
They provide valuable insights into trading principles, risk management, and the importance of emotional control.
Traders continue to find inspiration and wisdom in his timeless quotes to this day.
Jesse Livermore Quotes
Here are some Jesse Livermore quotes:
- “The stock market is never obvious. It is designed to fool most of the people, most of the time.”
- “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side.”
- “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.”
- “The stock market does not beat them; they beat themselves.”
- “A loss never bothers me after I take it. I forget it overnight. But being wrong and not taking the loss—that is what does the damage to the pocketbook and to the soul.”
- “The stock market is filled with individuals who know the price of everything, but the value of nothing.”
- “The speculator’s deadly enemies are: ignorance, greed, fear, and hope.”
- “It is much easier to watch a few than many. This applies to stocks as well as friends.”
- “It is foolhardy to make a second trade if your first trade shows you a loss. Never average losses.”
- “Do not commit your money to the market until you have thoroughly tested your ability to make money on paper.”
- “Big money is not in the buying or selling, but in the waiting.”
- “Experience has taught me that a person who chases the market will only be able to trade a few times a year effectively. The market is not going anywhere.”
- “I never argue with the tape.”
- “The game taught me the game. And it didn’t spare the rod while teaching.”
- “The human side of every person is the greatest enemy of the average investor or speculator.”
- “Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”
- “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.”
- “There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.”
- “Watch the market leaders, the stocks that have led the charge upward in a bull market. That is where the action is and where the money is to be made.”
- “I have always found that money lost because of so-called mistakes in judgment is usually replaced by money made with the advantage of hindsight.”
- “You must have the courage to make a mistake.”
- “Do not become a mere recorder of facts, but try to penetrate the mystery of their origin.”
- “I am fully aware that when I’m wrong, I’m losing money, but when I’m right, I’m making money. And the most important thing is I’m making money.”
- “The stock market is not a showplace for financial geniuses to display their talent.”
- “There is nothing like losing all you have in the world for teaching you what not to do.”
- “The stock market is always full of surprises, and you never know how long the ride will last, so be prepared for anything.”
- “Remember that stocks are never too high for you to begin buying or too low to begin selling.”
- “The market does not beat them. They beat themselves.”
- “If I buy stocks on Smith’s tip, they are Smith’s stocks. I am only pretending to be a trader.”
- “If a man didn’t make mistakes, he’d own the world in a month. But if he didn’t profit by his mistakes, he wouldn’t own a blessed thing.”
- “Do not try to guess what the market is going to do. Take what the market gives you.”
- “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.”
- “The market is always right. It is up to you to learn how to interpret it.”
- “Cut your losses quickly, without hesitation. Don’t make emotional decisions.”
- “The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street.”
- “Never argue with the tape. Markets are never wrong, opinions often are.”
- “The stock market is never obvious. It is designed to fool most of the people, most of the time.”
- “Men who can both be right and sit tight are uncommon.”
- “A man must know himself thoroughly if he is going to make a good job out of trading in the speculative markets.”
- “The stock market is filled with individuals who know the price of everything, but the value of nothing.”
- “Stocks are never too high to buy or too low to sell.”
- “The market does not beat them. They beat themselves.”
- “The game taught me the game. And it didn’t spare the rod while teaching.”
- “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.”
- “Watch the market leaders, the stocks that have led the charge upward in a bull market. That is where the action is and where the money is to be made.”
- “I have always found that money lost because of so-called mistakes in judgment is usually replaced by money made with the advantage of hindsight.”
- “You must have the courage to make a mistake.”
- “The stock market is not a showplace for financial geniuses to display their talent.”
- “There is nothing like losing all you have in the world for teaching you what not to do.”
These quotes capture Jesse Livermore’s insights and wisdom about trading, risk management, and the psychology of the market.
Inspirational Jesse Livermore Quotes
Inspirational Jesse Livermore Quotes:
- “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.”
- “The stock market is never obvious. It is designed to fool most of the people, most of the time.”
- “The stock market is never obvious. It is designed to fool most of the people, most of the time.”
- “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, the winners are just the ones who lose the least.”
- “Markets are never wrong, but opinions often are.”
- “It takes time to make money in the stock market. Don’t try to get rich overnight.”
- “The stock market is a battlefield where only the strong survive and the weak perish.”
- “Do not trust your own opinions and back your judgment until the action of the market itself confirms your opinion.”
- “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.”
- “The stock market is filled with individuals who know the price of everything, but the value of nothing.”
Short Jesse Livermore Quotes
Short Jesse Livermore Quotes:
- “Money is made by sitting, not trading.”
- “Men who can be both right and sit tight are uncommon.”
- “Remember that stocks are never too high for you to begin buying or too low to begin selling.”
- “The stock market is never obvious. It is designed to fool most of the people, most of the time.”
- “The market does not beat them. They beat themselves.”
- “Don’t give me timing, give me time.”
- “Don’t be a hero. Don’t have an ego.”
- “There is only one side to the stock market, and it is not the bull side or the bear side, but the right side.”
- “The game taught me the game. And it didn’t spare the rod while teaching.”
- “The market is never wrong, but opinions often are.”
Jesse Livermore Quotes on Investing and Trading
Jesse Livermore Quotes on Investing and Trading:
- “The stock market is never obvious. It is designed to fool most of the people, most of the time.”
- “It is not good to be too curious about all the reasons behind price movements.”
- “The stock market is filled with individuals who know the price of everything, but the value of nothing.”
- “It never was my thinking that made the big money for me. It always was my sitting.”
- “The market does not beat them. They beat themselves.”
- “The stock market is never obvious. It is designed to fool most of the people, most of the time.”
- “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.”
- “The speculator’s deadly enemies are: Ignorance, greed, fear, and hope.”
- “The stock market is a place of business. It is not a gambling establishment.”
- “Don’t be a hero. Don’t have an ego.”
Famous Jesse Livermore Quotes
Famous Jesse Livermore Quotes:
- “Speculation is far too exciting. Most people who speculate hound the brokerage offices with a wire or over the phone. The ticker is always on their minds. They are so engrossed with the minor ups and downs, they miss the big movements.”
- “The stock market is never obvious. It is designed to fool most of the people, most of the time.”
- “The market does not beat them. They beat themselves.”
- “Remember that stocks are never too high for you to begin buying or too low to begin selling.”
- “Don’t give me timing, give me time.”
- “Money is made by sitting, not trading.”
- “The game taught me the game. And it didn’t spare the rod while teaching.”
- “The stock market is a battlefield where only the strong survive and the weak perish.”
- “The stock market is filled with individuals who know the price of everything, but the value of nothing.”
- “The stock market is a place of business. It is not a gambling establishment.”
Deep Jesse Livermore Quotes
Deep Jesse Livermore Quotes:
- “The speculator’s deadly enemies are: Ignorance, greed, fear, and hope.”
- “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.”
- “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.”
- “The stock market is never obvious. It is designed to fool most of the people, most of the time.”
- “The market does not beat them. They beat themselves.”
- “Remember that stocks are never too high for you to begin buying or too low to begin selling.”
- “Do not trust your own opinions and back your judgment until the action of the market itself confirms your opinion.”
- “There is only one side to the stock market, and it is not the bull side or the bear side, but the right side.”
- “The stock market is never obvious. It is designed to fool most of the people, most of the time.”
- “Markets are never wrong, but opinions often are.”
Conclusion
Jesse Livermore, a renowned stock trader and speculator, left behind a legacy of wisdom through his insightful quotes.
His quotes reflect his deep understanding of the stock market, risk management, and the human psychology that drives market behavior.
Livermore’s emphasis on the importance of studying market trends, controlling emotions, and adapting to changing market conditions resonates with traders of all levels of experience.
He stressed the significance of learning from mistakes, being patient, and following the market’s lead rather than attempting to predict its movements.
Livermore’s quotes continue to inspire and guide traders, offering timeless lessons in navigating the complexities of the stock market.
By embracing his principles of discipline, realism, and adaptability, traders can strive to achieve success and avoid common pitfalls in their trading journeys.
