Deel 2 van de verzameling quotes van Jesse Livermore uit ‘Reminiscences of a Stock Operator’. Deel 1 vind je hier.

“Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations.”

“People don’t seem to grasp easily the fundamentals of stock trading. I have often said that to buy on a rising market is the most comfortable way of buying stocks. Now, the point is not so much to buy as cheap as possible or go short at top prices, but to buy or sell at the right time. When I am 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 stock on a scale down, I buy on a scale up.”

“When I am long of stocks it is because my reading of conditions has made me bullish. But you find many people, reputed to be intelligent, who are bullish because they have stocks.”

“The recognition of our own mistakes should not benefit us any more than the study of our successes.”

“Losing money is the least of my troubles. A loss never bothers me after I take it. I forget it overnight. But being wrong — not taking the loss that is what does the damage to the pocketbook and to the soul.”

“As a matter of fact, millions upon millions of dollars have been lost by men who bought stocks because they looked cheap or sold them because they looked dear.”

“But in actual practice a man has to guard against many things, and most of all against himself — that is, against human nature.”

“A speculator must concern himself with making money out of the market and not with insisting that the tape must agree with him. Never argue with it or ask it for reasons or explanations.”

“It is surprising how many experienced traders there are who look incredulous when I tell them that 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.”

Andere delen in de serie quotes van Jesse Livermore: deel 1, deel 3, en deel 4.

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