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Jesse Lauriston Livermore Quotes: Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.
         

Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.


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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Shame isn't a strong enough word for what I feel. "You could live a hundred lifetimes and not deserve him, you know, " Haymitch says.

Shame isn't a strong enough word for what I feel. "You could live a hundred lifetimes and not deserve him, you know, " Haymitch says.



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The best and most talented directors - and I think it goes for people too - are the most confident in giving room to their actors and trusting them.

The best and most talented directors - and I think it goes for people too - are the most confident in giving room to their actors and trusting them.



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Anyway, what does mad mean exactly?" Rami added quickly "Aren't we all a little mad? Don't we have to be somehat mad just to go on living, to go on hoping?

Anyway, what does mad mean exactly?" Rami added quickly "Aren't we all a little mad? Don't we have to be somehat mad just to go on living, to go on hoping?




Quote Description


This page presents the quote "Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.". Author of this quote is Jesse Lauriston Livermore. This quote is about traders, desire, speculation, attitude, investing, experience,.