Jesse Livermore Quotes

I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally.

The distinction between investment and speculation in common stocks has always been a useful one and its disappearance is cause for concern.

Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored.

While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster

One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.

Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services.

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

It seemed glamorous when I used to go into work and get to be on a trading floor or see how the business worked a little bit before I ever understood what it was.

You take the noise and put it in data information knowledge, and you get insight from that knowledge. How to execute the trade, the timing, sizing, long, short, and then you risk manage it.

Short sellers sell stock they have borrowed, hoping to buy it back later when its price has fallen.

For most people, attaining the intellectual clarity and emotional detachment that investing requires is tough.

Profits on the exchange are the treasures of goblins.

Trading is very competitive and you have to be able to handle getting your butt kicked.

With 'posts' running in the millions, Internet message boards have become an essential part of the savvy investor's arsenal.

The hardest trader I've ever run against.

I'm a futures man.

Part of the game of investing is to come into your own. You must find some way that perfectly fits your personality because there is some element of a zero sum game in investing. If you buy, somebody else has to sell. And when you sell, somebody has to buy. You can't both be right.

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

Betting that markets will be 'volatile' is like betting the weather will be partly cloudy. It's a smart-sounding strategy that doesn't mean much.

More money is lost anticipating the changes in the overall stock market than any other way of investing.

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.

There seems to be an unwritten rule on Wall Street: If you don't understand it, then put your life savings into it. Shun the enterprise around the corner, which can at least be observed, and seek out the one that manufactures an incomprehensible product.

Television series are like the stock market. There's room for bears and bulls but no room for pigs.

Never buy a stock because it has gone up or sell one because it has gone down.

As long as you enjoy investing, you'll be willing to do the homework and stay in the game. That's why I try to make the show so entertaining, because if you aren't interested, you'll either miss the opportunity to make money in the market or not pay enough attention and end up losing your shirt.