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Jesse Lauriston Livermore Quotes: Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.
         

Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.


Jesse Lauriston Livermore
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Other quotes of Jesse Lauriston Livermore


It never was my thinking that made the big money for me. It always was my sitting.

It never was my thinking that made the big money for me. It always was my sitting.



To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.

To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.



Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader.

Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader.



The stock market is never obvious. It is designed to fool most of the people, most of the time.

The stock market is never obvious. It is designed to fool most of the people, most of the time.



Men who can both be right and sit tight are uncommon.

Men who can both be right and sit tight are uncommon.



A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.

A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.



The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.



Every once in a while you must go to cash, take a break, take a vacation. Don't try to play the market all the time. It can't be done, too tough on the emotions.

Every once in a while you must go to cash, take a break, take a vacation. Don't try to play the market all the time. It can't be done, too tough on the emotions.



It isn't as important to buy as cheap as possible as it is to buy at the right time.

It isn't as important to buy as cheap as possible as it is to buy at the right time.



Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.

Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.





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It is difficult to write a paradiso when all the superficial indications are that you ought to write an apocalypse.

It is difficult to write a paradiso when all the superficial indications are that you ought to write an apocalypse.



The point of working isn't to make money

The point of working isn't to make money



Be Happy with what we Have Now in the Future it can change, but that is not Always to Better.

Be Happy with what we Have Now in the Future it can change, but that is not Always to Better.



If there were really serious consequences if I did not accept, then of course I would do whatever was necessary. But in general I really prefer some freedom.

If there were really serious consequences if I did not accept, then of course I would do whatever was necessary. But in general I really prefer some freedom.



People think they can take a pill and become a champion. But the harder you work, the luckier you get. You have to work a move hundreds or thousands of times.

People think they can take a pill and become a champion. But the harder you work, the luckier you get. You have to work a move hundreds or thousands of times.



Writing for me is a kind of compulsion, so I don't think anyone could have made me do it, or prevented me from doing it.

Writing for me is a kind of compulsion, so I don't think anyone could have made me do it, or prevented me from doing it.



There's a leadership gap in the modern business world. Young professionals need to step up to the challenge.

There's a leadership gap in the modern business world. Young professionals need to step up to the challenge.



Those who say in simple surrender 'Yes, Lord,' emerge from the experience spiritually rich, and become a source of grace and encouragement to others who are hurting.

Those who say in simple surrender 'Yes, Lord,' emerge from the experience spiritually rich, and become a source of grace and encouragement to others who are hurting.



I don't know if I was funny as a child, though I always thought my parents really enjoyed listening to me sing.

I don't know if I was funny as a child, though I always thought my parents really enjoyed listening to me sing.



Yet I would not die a maid, because I had a mother, As I was by one brought forth, I would bring forth another.

Yet I would not die a maid, because I had a mother, As I was by one brought forth, I would bring forth another.




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This page presents the quote "Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.". Author of this quote is Jesse Lauriston Livermore. This quote is about next, foundation, reap, trade, venture, benefits, doing nothing, remember, speculators,.