TRADERS ACADEMY

2022-02-03 08:40:18 21 Jesse Livermore Quotes For Traders That Have Stood The Test of Time

1. Nothing new ever occurs in the business of speculating or investing in securities and commodities. – Jesse Livermore

2. Money cannot consistently be made trading every day or every week during the year. – Jesse Livermore

3. Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion. – Jesse Livermore

4. Markets are never wrong – opinions often are. – Jesse Livermore

5. The real money made in speculating has been in commitments showing in profit right from the start. – Jesse Livermore

6. As long as a stock is acting right, and the market is right, do not be in a hurry to take profits. – Jesse Livermore

7. One should never permit speculative ventures to run into investments. – Jesse Livermore

8. The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride. – Jesse Livermore

9. Never buy a stock because it has had a big decline from its previous high. – Jesse Livermore

10. Never sell a stock because it seems high-priced. – Jesse Livermore

11. I become a buyer as soon as a stock makes a new high on its movement after having had a normal reaction. – Jesse Livermore

12. Never average losses. – Jesse Livermore

13. The human side of every person is the greatest enemy of the average investor or speculator. – Jesse Livermore

14. Wishful thinking must be banished. – Jesse Livermore

15. Big movements take time to develop. – Jesse Livermore

16. It is not good to be too curious about all the reasons behind price movements. – Jesse Livermore

17. It is much easier to watch a few than many. – Jesse Livermore

18. If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole. – Jesse Livermore

19. The leaders of today may not be the leaders of two years from now. – Jesse Livermore

20. Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend. – Jesse Livermore

21. Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket. – Jesse Livermore

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2022-02-03 08:38:09 ——————————
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2022-02-03 08:38:00 The factors which created the markets Livermore traded a hundred years ago, are the same ones impacting stock prices today. His method of buying at the pivotal point is the basis for many technical analysis systems and is well worth studying. Open / Comment

2022-02-03 08:36:57 In 1939 he wrote How To Trade in Stocks, a quick but profound read summarizing his methods in speculation.

In 1940 at age 63, he unfortunately committed suicide after sufferings from depression. Open / Comment

2022-02-03 08:36:46 In 1929, Livermore noticed similarities to previous market crashes and once again shorted the market. His profits totaled nearly 100 Million.

The next decade proved troublesome for Livermore. He once again lost his fortune and had poor mental health. Open / Comment

2022-02-03 08:36:24 he next few years he continued to trade well and built up his fortune and in 1922 he was interviewed by Edwin Lefevre for a article series on speculation. These would later be turned into an excellent book called 'Reminiscences of a Stock Operator.' Open / Comment

2022-02-03 08:36:11 In 1915 after losing it all, he gets a loan from a friend and trades Bethlehem Steel perfectly, buying just under the $100 “Livermore Level” and selling for a handsome profit, building up his stake once more. Open / Comment

2022-02-03 08:35:54 Throughout his trading career Livermore continued to struggle with discipline and following his own system. He would lose all his profits and declare bankruptcy multiple times. Open / Comment

2022-02-03 08:35:42 However, his methods kept him in tune with the market action and in 1906 and 1907 he noticed it was going sour and made $300,000 shorting the market (The equivalent of 8 Million Today) Open / Comment

2022-02-03 08:35:20 His skills did not quite transfer at first and he ended up reducing his account to $2,500

Livermore would return to the bucket shops to build up his capital, a cycle that would repeat itself a few times. Open / Comment