There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.

--- Jesse Livermore

The stock market is never obvious. It is designed to fool most of the people, most of the time.

--- Jesse Livermore

There is only one side to the stock market; and it is not the bull side or the bear side, but the right side.

--- Jesse Livermore

A man must believe in himself and his judgement if he expects to make a living at this game. That is why I don’t believe in tips.

--- Jesse Livermore

A man must study general conditions, to seize them so as to be able to anticipate probabilities.

--- Jesse Livermore

To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.

--- Jesse Livermore

Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.

--- Jesse Livermore

A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.

--- Jesse Livermore

If you can’t sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.

--- Jesse Livermore

One of the most helpful things that anybody can learn is to give up trying to catch the last eighth-or the first. These two are the most expensive eighths in the world.

--- Jesse Livermore

In any sector, trade the leading stock – the one showing the strongest trend

--- Jesse Livermore

The highest profits are made in trades that show a profit right from the start

--- Jesse Livermore

Wishful thinking must be banished

--- Jesse Livermore

It is not good to be too curious about all the reasons behind price movements

--- Jesse Livermore

After 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 Livermore

Failure to take advantage of a serendipitous act of good luck in the stock market is often a mistake.

--- Jesse Livermore

All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis.

--- Jesse Livermore

Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.

--- Jesse Livermore

A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does damage to the pocketbook and to the soul.

--- Jesse Livermore

There is nothing new on Wall Street or in stock speculation. What has happened in the past will happen again, and again, and again. This is because human nature does not change, and it is human emotion, solidly build into human nature, that always gets in the way of human intelligence. Of this I am sure.

--- Jesse Livermore