Jesse Lauriston Livermore Quotes about Loss

All Jesse Lauriston Livermore Quotes Arguing Business Desire Giving Ignorance Loss quotes Speculation Wall

It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.

It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.

Jesse Lauriston Livermore

Loss, Average, Mind

Jesse Lauriston Livermore (1966). “How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price”

Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

Jesse Lauriston Livermore

Loss, Investing, May

A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.

Jesse Lauriston Livermore

Cutting, Loss, Soul

The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.

Jesse Lauriston Livermore

Wall, Home, Loss

I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.

Jesse Lauriston Livermore

Loss, Average, Games