Some Quotes From Jesse Livermore

Today I thought of skipping the trade tip and sharing some worthy quote form the legendary trader Jesse Livermore.

Livermore was a colorful operator but his wisdom is worth its weight in gold.

Here is what he says on Market movements:

Many years of my life had been devoted to speculation before it dawned on me that nothing new was happening in the stock market, that price movements were simply being repeated,that while there was variation in different stocks the general stock pattern was the same

A simple idea but we tend to forget it and get carried away on every one side move. Always remember what goes up has to come down sooner or later.