Quotes For The Investor and Trader

| December 12, 2011 | 0 Comments

stock trading investing quotes

Quotes from the famous trader Jesse Livermore, who started his successful trading career when he was fourteen years old:

“No trader can or should play the market all the time. There will be many times when you should be out of the market, sitting in cash waiting patiently for the perfect trade… – Jesse Livermore

“I never buy a stock on declines, and I never short a stock on rallies. Let the market tell you what to do. Get your cues from what the market; do not anticipate; follow the message you received from the market..” – Jesse Livermore

“Remember that it is dangerous to start spreading out all over the market carrying several positions. Do not have an interest in too many stocks at any one time. It is much easier to watch a few than many…” – Jesse Livermore

“As long as a stock is acting right, and the market is right, be in no hurry to take a profit… ” – Jesse Livermore

“The doctrine for the trader was to insure himself against considerable losses by taking the first small loss…” – Jesse Livermore

“The stock market goes up approximately a third of the time, sideways a third of the time, and down a third of the time. Therefore, if a trader only trades in anticipation of a stock rising in price he is wrong on the trade two thirds of the time!” – Jesse Livermore

“It is foolhardy to make a second trade, if your first trade shows you a loss… As an ironclad Livermore rule, never average losses. Let that thought be written indelibly and forever upon your mind…” – Jesse Livermore

“Your timing should never be dictated by high prices. High prices were never a timing signal to sell a stock. Just because a stock is now selling at a high price does not mean it won’t go higher… ” – Jesse Livermore

“Observation, experience, memory and mathematics – these are what a successful trader must depend on.” – Jesse Livermore

Words from other notable people

“I measure what’s going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.” – Martin Zweig

“Our greatest glory is not in never falling, but in rising every time we fall.” – Confucius

“Buy that which is showing strength – sell that which is showing weakness.” – Richard Rhodes

“To be a money master, you must first be a self-master” – J. P. Morgan

“The rule of survival is not to “buy low, sell high”, but to “buy higher and sell higher.” – Richard Rhodes

“Be patient. Once a trade is put on, allow it time to develop and give it time to create the profits you expected.” – Richard Rhodes

“Be impatient. As always, small loses and quick losses are the best losses.” – Richard Rhodes

“Never, ever under any condition, add to a losing trade, or “average” into a position.” – Richard Rhodes

“When sharp losses in equity are experienced, take time off. The mind can play games with itself following sharp, quick losses.” – Richard Rhodes

“When trading well, trade somewhat larger. Trade aggressively and trade larger.” – Richard Rhodes

“Think like a guerrilla warrior. Fight alongside the winning forces. If neither side is winning, then we don’t need to fight at all.” – Richard Rhodes

“Markets form their tops in violence; markets form their lows in quiet conditions.” – Richard Rhodes

“The final 10% of the time of a bull run will usually encompass 50% or more of the price movement.” – Richard Rhodes

“My first rule is not to lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner.” – Burt Dohmen

“Those who have knowledge don’t predict, and those who predict do not have knowledge.” – Lao Tzu

“Never hesitate to add shares in a stock that is moving higher but always avoid averaging down.”

“Learn to take losses. The most important thing in making money is not letting your losses get out of hand.” – Marty Schwartz

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Category: Learn to Invest & Trade, Trading

About the Author ()

John Tan has been Vice President of BlueTrust Investments Corporation for 6 years since the mid-90’s. He has since moved on, to be a professional full-time trader.

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