The stock market is never obvious. It is designed to fool most of the people, most of the time.
Jesse Lauriston LivermoreInstead 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 LivermoreNever try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.
Jesse Lauriston LivermoreAfter spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!
Jesse Lauriston LivermoreIt isn't a hunch but the subconscious mind, which is the creative mind, at work. That is the mind which makes artists do things without their knowing how they came to do them. Perhaps with me it was the cumulative effect of a lot of little things individually insignificant but collectively powerful.
Jesse Lauriston Livermore