More Jesse Livermore Quotes

“With me I must back my opinions with my money. My losses have taught me that I must not begin to advance until I am sure I shall not have to retreat. But if I cannot advance I do not move at all. I do not mean by this that a man should not limit his losses when he is wrong. He should. But that should not breed indecision. All my life I have made mistakes, but in losing money I have gained experience and accumulated a lot of valuable don’ts. I have been flat broke several times, but my loss has never been a total loss. Otherwise, I wouldn’t be here now. I always knew I would have another chance and that I would not make the same mistake a second time. I believed in myself. A man must believe in himself and his judgment if he expects to make a living at this game.”

Awesome! I love his attitude. Never give up and don't hesitate!

“The game taught me the game. And it didn’t spare the rod while teaching.”

Haha!

"And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine - that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance."

Excellent!!!! If you really, really, really, want to know how to make big bucks - reread this 100 times. This applies to life as well. We see so many things on TV, newspaper about get rich quick schemes. I been in some of them and with other investments, such as property, if i just sit tight and wait, the big money comes when you're patient. A very simple concept but very, very hard to execute. You will find too many people who wants to get rich quick, while there are a few people that are patient and let the money comes to them.