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Jesse Lauriston Livermore Quotes

1877–1940

Jesse Lauriston Livermore (July 26, 1877 – November 28, 1940) was an American stock trader / investor.

Businesspeople

Random Jesse Lauriston Livermore quote

3 quotes

Trade only when the market is clearly bullish or bearish.

The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.

First, do not be invested in the market all the time. There are many times when I have been completely in cash, especially when I was unsure of the direction of the market and waiting for a confirmation of the next move. Second, it is the change in the major trend that hurts most speculators.

Attribution

Quotes and notes from Wikiquote: Jesse Lauriston Livermore (page history), available under CC BY-SA 4.0.