"When I’m bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don’t buy long stocks on a scale down, I buy on a scale up."
~Jesse Livermore
"It took me five years to learn to play the game intelligently enough to make big money when I was right."
~Jesse Livermore
"If a stock doesn’t act right don’t touch it; because, being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit."
~Jesse Livermore
"Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start."
~Jesse Livermore
"When I buy stocks for a rise I like to pay top prices and when I sell I must sell low or not at all."
~Jesse Livermore
"From my point of view, the investors are the big gamblers. They make a bet, stay with it, and if all goes wrong, they lose it all."
~Jesse Livermore
"The market does not beat them. They beat themselves, because though they have brains they cannot sit tight."
~Jesse Livermore
"It takes a man a long time to learn all the lessons of all his mistakes."
~Jesse Livermore
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