Classical Quotations of Jesse Livermore (1)

No.1

I can't remember how many nights I tossed and turned in bed, reflecting on why I didn't foresee the coming of the segment market. The next day I woke up early and thought of a new idea. I can't wait for dawn, eager to test the effectiveness of new ideas through historical records. In most cases, such an idea is far from 100% correct, but there are always some correct elements in it, and these merits have been stored in my subconscious mind. After a while, maybe another idea is forming in my mind, and I'll start to test it immediately.

With the passage of time, all kinds of ideas become clearer and more specific, so I can gradually develop a mature new method to record the market, and use the new market record as the compass to judge the market trend.

No.2

All speculators have a common problem: they are eager to get rich in a very short time. Instead of spending two to three years to increase their capital by 500%, they are trying to do so in two to three months. Occasionally, they succeed. However, such bold traders do not keep the fruits of victory in the end. Why? Because the money doesn’t come stably, it comes and goes quickly. It only passes through them for a while. The bigger problem is such result makes speculators lose their sense of balance.