Jesse Livermore Quotes

There is only one side of the market and it is not the bull side or the bear side, but the right side.

Actually, one of the better indicators historically of how well the stock market will do is just a Gallup poll, when you ask Americans if you think it's a good time to invest in stocks, except it goes the opposite direction of what you would expect. When the markets going up, it in fact makes it more prone toward decline.

I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up.

The idea is to buy when the probability is greatest that the market is going to advance.

Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks.

I think that I could have been take apart if the bear market continued, but I waited three years before I felt the bear market was over and I was right.

Obviously, no one knows when the market is going to bottom out, and I am certainly not an economist.

Fundamentals make the market.

I'm watching the charts every week and hoping something will pop into my head.

Everybody thinks that they're going to time the market, they're going to sharpshoot the market, and buy right at the bottom. The truth of the matter is that nobody is good at it.

I'm quite bullish. We're coming up on year 15 of a flat stock market. Historically that's a pretty good sign. So I'm not a hedge-fund manager but if I was I think I'd be feeling pretty good.

Tape reading is a lost art that today is not very useful.

When the man who ought to want a stock doesn't want it, why should I want it?

I don’t know why the Stock Market does what it does.

The markets are the world's greatest Rubik's cube. And I love solving puzzles.

I think any statement about stock prices is always suspect unless it's made by Warren Buffett.

We never know what the Street is going to do with the funky trading.

It doesn't matter whether the market is up or down. All the day traders want is volatility.

The problem with most people who play the market is that they are not flexible.

Buy when there's blood in the streets, even if the blood is your own.

One of the most helpful things that any body can learn is to give up trying to catch the last eighth - or the first. These two are the most expensive eighths in the world.

I think the works of W.D. Gann and Robert Prechter have inspired me more than anyone else. It was from their writings that I discovered cycles, patterns, and psychology dominate the market, and that the news breaks with the cycles, not the other way around.

To me, the "tape" is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!

The good news is, the stock market is closed and it can't hurt us again until tomorrow.