Jesse Livermore Quotes
1. Buy rising stocks and sell falling stocks.
2. Do not trade every day of every year.
3. Only enter a trade after the action of the market confirms your opinion.
4. Continue with trades that show you a profit; end trades that show a loss.
5. End trades when it is clear that the trend you are profiting from is over.
6. In any sector, trade the leading stock – the one showing the strongest trend.
7. Never average losses.
8. Markets are never wrong – opinions often are.
9. The highest profits are made in trades that show a profit right from the start.
10. As long as a stock is acting right and the market is right, do not be in a hurry to take profits.
11. Never buy a stock because it has had a big decline from its previous high.
12. Don't become an involuntary investor by holding onto stocks whose price has fallen.
13. Wishful thinking must be banished.
14. It is much easier to watch a few stocks than many.
15. Patterns repeat because human nature hasn't changed for thousands of years.
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