Anticipate Quote by Jesse Lauriston Livermore
“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.”
About This Quote
Source Book: Reminiscences of a Stock Operator, 1923
In tight markets, avoid predicting big moves; wait for price to break out of range.
In simple terms: Wait for breakout in narrow markets.
Key Takeaway
Trade only on clear breakouts.
Themes
trading
market analysis
patience
Mood
analytical
cautious
Type
advice
educational
When to use this quote
- stock trading
- forex
- commodity markets
- risk management
Key Concepts
finance
technical analysis
Questions to Reflect On
- What signals indicate a true breakout?
- How do you manage patience in volatile markets?
A Different Perspective
Waiting may cause missed small opportunities.
