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Jesse Lauriston Livermore Quotes: A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.
         

A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.


Jesse Lauriston Livermore
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Other quotes of Jesse Lauriston Livermore


It never was my thinking that made the big money for me. It always was my sitting.

It never was my thinking that made the big money for me. It always was my sitting.



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

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



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.

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.



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.



Men who can both be right and sit tight are uncommon.

Men who can both be right and sit tight are uncommon.



A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.

A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.



The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.



Every once in a while you must go to cash, take a break, take a vacation. Don't try to play the market all the time. It can't be done, too tough on the emotions.

Every once in a while you must go to cash, take a break, take a vacation. Don't try to play the market all the time. It can't be done, too tough on the emotions.



It isn't as important to buy as cheap as possible as it is to buy at the right time.

It isn't as important to buy as cheap as possible as it is to buy at the right time.



Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.

Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.





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Horror is the awakening of repressed knowledge, something that you have known all along but kept at the periphery of awareness so that life can go on.

Horror is the awakening of repressed knowledge, something that you have known all along but kept at the periphery of awareness so that life can go on.



It is only the man that has done his best that qualifies to ask for God’s protection and blessings. This message must return to our pulpit.

It is only the man that has done his best that qualifies to ask for God’s protection and blessings. This message must return to our pulpit.



You can't dodge your responsibilities by saying they don't exist!

You can't dodge your responsibilities by saying they don't exist!



God has written in the law of nature that when two people are joined in love or friendship, one must always give his heart more perfectly than the other.

God has written in the law of nature that when two people are joined in love or friendship, one must always give his heart more perfectly than the other.



I don't know whether I believe in God or not. I think, really, I'm some sort of Buddhist. But the essential thing is to put oneself in a frame of mind which is close to that of prayer.

I don't know whether I believe in God or not. I think, really, I'm some sort of Buddhist. But the essential thing is to put oneself in a frame of mind which is close to that of prayer.



Calmly contemplating these dimensions and bringing them into the service of compassion and kindness is the right way to make rapid gains in meditation as well as in life.

Calmly contemplating these dimensions and bringing them into the service of compassion and kindness is the right way to make rapid gains in meditation as well as in life.



I'm very used to stages and dressing rooms. And dare I say it, much as I like being at home, I love the buzz of a new hotel room.

I'm very used to stages and dressing rooms. And dare I say it, much as I like being at home, I love the buzz of a new hotel room.



It is doubtful that anyone has contributed more in a lifetime to the overall coverage of cricket.

It is doubtful that anyone has contributed more in a lifetime to the overall coverage of cricket.



I was way more nervous on the opening day of the Ryder Cup than the first round of any major. Every Ryder Cup match is like being in the last group on Sunday in a major.

I was way more nervous on the opening day of the Ryder Cup than the first round of any major. Every Ryder Cup match is like being in the last group on Sunday in a major.




Quote Description


This page presents the quote "A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.". Author of this quote is Jesse Lauriston Livermore. This quote is about soul, loss, forget it, being wrong, cutting, damage,.