Jesse Livermore Quotes

[Henrik Ekenberg]

• Buy rising stocks and sell falling stocks.
• Do not trade every day of every year.
• Only enter a trade after the action of the market confirms your opinion.
• Continue with trades that show you a profit, end trades that show a loss.
• End trades when it is clear that the trend you are profiting from is over.
• In any sector, trade the leading stock — the one showing the strongest trend.
• Never average losses.
• Markets are never wrong — opinions often are.
• The highest profits are made in trades that show a profit right from the start.
• As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.
• Never buy a stock because it has had a big decline from its previous high.
• Don't become an involuntary investor by holding onto stocks whose price has fallen.
• Wishful thinking must be banished.
• It is much easier to watch a few stocks than many.
• Patterns repeat, because human nature hasn't changed for thousands of years.