Inspirational Jesse Livermore Trading Quotes

Jesse Livermore A True Trading Pioneer

Livermore’s life story has been well-documented in the book “Reminiscences of a Stock Operator” by Edwin Lefèvre, which is a fictionalized account of Livermore’s experiences. Although the book’s protagonist is named Lawrence Livingston, it is widely understood that the character is based on Livermore. Throughout his career, Livermore developed trading principles and strategies that remain influential today. His wisdom on market trends, risk management, and the psychology of trading is still studied and admired by traders and investors alike. Despite his success, Jesse was not immune to failure. In fact, his life was marked by a series of spectacular ups and downs.

Jesse Livermore Trading Quotes And Words Of Wisdom

Jesse Livermore was known for his wisdom and insights about trading, which are still considered valuable by many traders and investors today.

Notable Quotes Attributed To Livermore

• The big money is not in the buying and the selling, but in the waiting.
• The game taught me the game. And it didn’t spare me rod while teaching.
• 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.
• The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear.

Jesse Livermore’s Quotes About Courage

• The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor."
• The stock market is never obvious. It is designed to fool most of the people, most of the time."
• It takes a man a long time to learn all the lessons of his mistakes."
• There is only one side to the stock market; and it is not the bull side or the bear side, but the right side."
• A stock operator has to fight a lot of expensive enemies within himself."
• The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses. Instead of hoping, he must fear; 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."

A Little About Jesse Livermore’s Life And Career

Jesse Livermore, born in 1877, was a legendary trader whose life was as colorful and dramatic as the markets he conquered. His rollercoaster journey from humble beginnings to immense wealth and back again offers intrigue, excitement, and even a touch of humor. Growing up on a small farm in Massachusetts, young Jesse yearned for the excitement of the city. At 14, he ran away from home and landed a job as a “board boy” at a stock brokerage, posting stock prices on a chalkboard. While most boys his age were busy with school and games, Jesse became enamored with the financial world, quickly developing a keen eye for market patterns.

Despite his success, Jesse was not immune to failure. In fact, his life was marked by a series of spectacular ups and downs. He amassed and lost fortunes several times over, declaring bankruptcy multiple times. His personal life was equally tumultuous, with four marriages and a costly divorce that contributed to his financial woes.

Throughout his career, Livermore developed trading principles and strategies that remain influential today. His wisdom on market trends, risk management, and the psychology of trading is still studied and admired by traders and investors alike. One of the most famous quotes attributed to Livermore reflects his outlook on the unpredictable nature of the stock market: “The stock market is never obvious. It is designed to fool most of the people, most of the time.”

These quotes emphasize the importance of discipline, emotional control, patience, and learning from one’s mistakes in the world of trading and investing. They also serve as a reminder of the challenges and potential pitfalls that traders and investors face in their pursuit of financial success.