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Jesse Lauriston Livermore Quotes: 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.
         

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 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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What is democracy? It is what it says, the rule of the people. It is as good as the people are, or as bad.

What is democracy? It is what it says, the rule of the people. It is as good as the people are, or as bad.



Sometimes you've to be clever than a coyote to out wit the devil.

Sometimes you've to be clever than a coyote to out wit the devil.



If you're a politician, you might want to learn the Buddhist way of negotiation. Restoring communication and bringing back reconciliation is clear and concrete in Buddhism.

If you're a politician, you might want to learn the Buddhist way of negotiation. Restoring communication and bringing back reconciliation is clear and concrete in Buddhism.



My commitment to Atlanta and passion for sports and competition make this acquisition a perfect fit for me.

My commitment to Atlanta and passion for sports and competition make this acquisition a perfect fit for me.



When I hear the word culture - I release the safety-catch of my Browning.

When I hear the word culture - I release the safety-catch of my Browning.



Unforgettable in every way, and forever more, that's how you'll stay.

Unforgettable in every way, and forever more, that's how you'll stay.



The time eras that I really like are more on '50s and '60s.

The time eras that I really like are more on '50s and '60s.



Conservatism's not the answer. The Republican Party has to reach out, moderate and modify its views to be able to accommodate radical Democrats, minorities, and so forth.

Conservatism's not the answer. The Republican Party has to reach out, moderate and modify its views to be able to accommodate radical Democrats, minorities, and so forth.



One either loves, or waits for love, or banishes love for good. That is the full range of possible choices.

One either loves, or waits for love, or banishes love for good. That is the full range of possible choices.



The good of the whole of Creation, the world and all its creatures together, is never a consideration because it is never thought of; our culture now simply lacks the means for thinking of it.

The good of the whole of Creation, the world and all its creatures together, is never a consideration because it is never thought of; our culture now simply lacks the means for thinking of it.




Quote Description


This page presents the quote "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.". Author of this quote is Jesse Lauriston Livermore. This quote is about trade, mind, average, foolhardy, shows, written, loss,.