Average Quote by Jesse Lauriston Livermore

“I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.” quote by Jesse Lauriston Livermore — Download Open image

“I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.”

Jesse Lauriston Livermore

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Average Blunders Cotton Games Greater Investing Losing Loss Profit Sells Shows Trading Trying Wheat Wrong things

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Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.

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When a man is right he wants to get all that is coming to him for being right.

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

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