Quote: Jesse Livermore – Average Man
“The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy…
“The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy…
"Trading is a matter of probabilities. Any trading strategy, no matter how effective, will be wrong a certain percentage of the time. Traders often confuse the concepts of winning and…
"How you implement a trade is critical. I develop a macro view about something, but then there are 20 different ways I can play it. The key question is: Which…
"What excites me is the fact that the world is going to have a serious problem in the next couple of years and with a lot of people are going…
“When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that…
"Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead." Paul…
"There is a time for all things, but I didn't know it. And that is precisely what beats so many men in Wall Street who are very far from being…
"Since I started in the business, I have seen a number of traders who ended up committing suicide or being homeless. The one trait they all shared was that they…
In 1988, I went to the Amex to trade the XMI, the major market index, which is an index based on 20 blue-chip stocks. Q: Did you trade on the…
„I learned that everyone makes mistakes and has weaknesses and that one of the most important things that differentiates people is their approach to handling them. I learned that there…