Customer Quote by Gil Morales
““There have been many times when I, like many other speculators, have not had the patience to await the sure thing. I wanted to have an interest at all times. You may say, “With all your experience, why did you allow yourself to do so?” The answer to that is that I am human and subject to human weakness. —Jesse Livermore, How to Trade in Stocks””
About This Quote
Source Book: How to Trade in Stocks by Gil Morales, 1995
Human impatience leads to chasing uncertain gains instead of waiting for reliable opportunities.
In simple terms: People often act impulsively due to weakness.
Key Takeaway
Practice patience and wait for proven setups.
Themes
patience
discipline
trading
human nature
Mood
anxious
reflective
Type
advice
warning
psychological
When to use this quote
- stock market
- investment decisions
- day trading
- portfolio building
Key Concepts
behavioral finance
risk management
psychology
Questions to Reflect On
- How can you recognize when impatience is driving a trade?
- What safeguards can enforce waiting for certainty?
A Different Perspective
Impulsivity can cause losses even when knowledge is high.
![“[In 1889] the last big tract of Indian land was declared open for settlement, in Oklahoma. The claimants and the speculators mounted their horses and lined up like trotters waiting for a starting gun. The itchy ones jumped the gun and were ever after known as Sooners-and Oklahoma was thereafter…” quote by Alistair Cooke](https://sms4smile.com/quotes/img-quotes/245/alistair-cooke-9876_bigs_in-1889-the-last-big-tract-of-indian-lan_243366.jpg)
![“The winning investor’s objective should be to have one or two big winners rather than dozens of very small profits” (How to Make Money in Stocks, 4th ed. [New York: McGraw-Hill, 2009], 274).” quote by Gil Morales](https://sms4smile.com/quotes/img-quotes/6c2/gil-morales-57961_investing_the-winning-investor-s-objective-should_1369978.jpg)
