--- title: "Meaning & Key Takeaway of: The market does not beat them. They beat…" description: "\"The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.\" — Jesse Lauriston Livermore" image: "https://sms4smile.com/quotes/i/763/jesse-lauriston-livermore-8857_beats_the-market-does-not-beat-them-they-beat_463264.png" --- # The market does not beat them. They beat themselves… ![“The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.” quote by Jesse Lauriston Livermore](https://sms4smile.com/quotes/i/763/jesse-lauriston-livermore-8857_beats_the-market-does-not-beat-them-they-beat_463264.png) [Download](https://sms4smile.com/quotes/i/763/jesse-lauriston-livermore-8857_beats_the-market-does-not-beat-them-they-beat_463264.png) [Open image](https://sms4smile.com/quotes/i/763/jesse-lauriston-livermore-8857_beats_the-market-does-not-beat-them-they-beat_463264.png) > “The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.” [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Traders often sabotage themselves; despite intelligence, they cannot stay disciplined, leading to self‑defeat. **In simple terms:** Even smart traders lose when they lack discipline Key Takeaway Maintain discipline to avoid self‑sabotage. Themes finance discipline psychology trading Mood focused determined Type strategic motivational When to use this quote - investment planning - daily trading routines - risk management Key Concepts behavioral finance self‑control market dynamics Questions to Reflect On - What routines help you stay disciplined during market swings? - How can you recognize early signs of self‑sabotage? A Different Perspective Discipline is hard to sustain under stress and market volatility. ★ ★ ★ ★ ★ No ratings yet [Brain](https://sms4smile.com/quotes/about/brain/) [Investing](https://sms4smile.com/quotes/about/investing/) [Market](https://sms4smile.com/quotes/about/market/) [Trading](https://sms4smile.com/quotes/about/trading/) ## Related quotes > [Men who can both be right and sit tight are uncommon.](https://sms4smile.com/quotes/jesse-lauriston-livermore/men-who-can-both-be-right-and-sit-tight-are-uncommon/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-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…](https://sms4smile.com/quotes/jesse-lauriston-livermore/men-who-can-both-be-right-and-sit-tight-are-uncommon-i-found-it-one/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.](https://sms4smile.com/quotes/jesse-lauriston-livermore/a-prudent-speculator-never-argues-with-the-tape-markets-are-never/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-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…](https://sms4smile.com/quotes/jesse-lauriston-livermore/after-spending-many-years-in-wall-street-and-after-making-and-losing/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for…](https://sms4smile.com/quotes/jesse-lauriston-livermore/remember-this-when-you-are-doing-nothing-those-speculators-who-feel/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [The market always does what it should do, but not always when](https://sms4smile.com/quotes/jesse-lauriston-livermore/the-market-always-does-what-it-should-do-but-not-always-when/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [A market does not culminate in one grand blaze of glory. Neither does it end with a sudden reversal of form. A market can…](https://sms4smile.com/quotes/jesse-lauriston-livermore/a-market-does-not-culminate-in-one-grand-blaze-of-glory-neither-does/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [I'm deadly serious even when I play tennis against my kids. I want to beat their brains out.](https://sms4smile.com/quotes/jack-nicklaus/i-m-deadly-serious-even-when-i-play-tennis-against-my-kids-i-want-to/) [Jack Nicklaus](https://sms4smile.com/quotes/author/jack-nicklaus/) > [“You can beat your brains out for her, and she’ll hand you horseshit on a platter.”](https://sms4smile.com/quotes/truman-capote/you-can-beat-your-brains-out-for-her-and-she-ll-hand-you-horseshit-on/) [Truman Capote](https://sms4smile.com/quotes/author/truman-capote/) > [Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job…](https://sms4smile.com/quotes/jesse-lauriston-livermore/speculation-is-a-hard-and-trying-business-and-a-speculator-must-be-on/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market -…](https://sms4smile.com/quotes/jesse-lauriston-livermore/just-remember-without-discipline-a-clear-strategy-and-a-concise-plan/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [It never was my thinking that made the big money for me. It always was my sitting.](https://sms4smile.com/quotes/jesse-lauriston-livermore/it-never-was-my-thinking-that-made-the-big-money-for-me-it-always-was/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [The market does not drive the scientists, the communicators, the thinkers, the government to do the right things.](https://sms4smile.com/quotes/bill-gates/the-market-does-not-drive-the-scientists-the-communicators-the/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [If the market does indeed embody the sum of all human wishes, then the secret ones are just as important as the ones that…](https://sms4smile.com/quotes/eric-schlosser/if-the-market-does-indeed-embody-the-sum-of-all-human-wishes-then-the/) [Eric Schlosser](https://sms4smile.com/quotes/author/eric-schlosser/) > [“Peace ... He should market it! ... He does every day. Through grateful pieces of the puzzle like you and me.”](https://sms4smile.com/quotes/julie-lessman/peace-he-should-market-it-he-does-every-day-through-grateful-pieces/) [Julie Lessman](https://sms4smile.com/quotes/author/julie-lessman/) ## More by Jesse Lauriston 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…](https://sms4smile.com/quotes/jesse-lauriston-livermore/after-spending-many-years-in-wall-street-and-after-making-and-losing/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull…](https://sms4smile.com/quotes/jesse-lauriston-livermore/disregarding-the-big-swing-and-trying-to-jump-in-and-out-was-fatal-to/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Money is made by sitting, not trading.](https://sms4smile.com/quotes/jesse-lauriston-livermore/money-is-made-by-sitting-not-trading/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [My main life lesson from investing: self-interest is the most powerful force on earth, and can get people to embrace and defend almost anything.](https://sms4smile.com/quotes/jesse-lauriston-livermore/my-main-life-lesson-from-investing-self-interest-is-the-most-powerful/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Every once in a while you must go to cash, take a break, take a vacation. Don't try to play the market all the…](https://sms4smile.com/quotes/jesse-lauriston-livermore/every-once-in-a-while-you-must-go-to-cash-take-a-break-take-a/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [The only thing to do when a man is wrong is to be right by ceasing to be wrong.](https://sms4smile.com/quotes/jesse-lauriston-livermore/the-only-thing-to-do-when-a-man-is-wrong-is-to-be-right-by-ceasing-to/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.](https://sms4smile.com/quotes/jesse-lauriston-livermore/never-try-to-sell-at-the-top-it-isn-t-wise-sell-after-a-reaction-if/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [When a man is right he wants to get all that is coming to him for being right.](https://sms4smile.com/quotes/jesse-lauriston-livermore/when-a-man-is-right-he-wants-to-get-all-that-is-coming-to-him-for/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [I know from experience that nobody can give me a tip or a series of tips that will make more money for me than…](https://sms4smile.com/quotes/jesse-lauriston-livermore/i-know-from-experience-that-nobody-can-give-me-a-tip-or-a-series-of/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.](https://sms4smile.com/quotes/jesse-lauriston-livermore/to-anticipate-the-market-is-to-gamble-to-be-patient-and-react-only/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of…](https://sms4smile.com/quotes/jesse-lauriston-livermore/it-is-literally-true-that-millions-come-easier-to-a-trader-after-he/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [A man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured…](https://sms4smile.com/quotes/jesse-lauriston-livermore/a-man-may-see-straight-and-clearly-and-yet-become-impatient-or/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told…](https://sms4smile.com/quotes/jesse-lauriston-livermore/the-average-man-doesn-t-wish-to-be-told-that-it-is-a-bull-or-a-bear/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job…](https://sms4smile.com/quotes/jesse-lauriston-livermore/speculation-is-a-hard-and-trying-business-and-a-speculator-must-be-on/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Ignorance at twenty-two isn't a structural defect.](https://sms4smile.com/quotes/jesse-lauriston-livermore/ignorance-at-twenty-two-isn-t-a-structural-defect/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) [Explore all 77 Jesse Lauriston Livermore quotes ](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) ## More Beats quotes > [Histories never conclude; they just pause their prose. 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Years from now, we will look back at this…](https://sms4smile.com/quotes/laura-ingraham/certainly-these-are-not-easy-times-but-history-does-not-contain-very/) [Laura Ingraham](https://sms4smile.com/quotes/author/laura-ingraham/) > [I usually write from the rhythm section...If a drummer got a funky beat on some things - like a half-shuffle or a shuffle or…](https://sms4smile.com/quotes/miles-davis/i-usually-write-from-the-rhythm-section-if-a-drummer-got-a-funky-beat/) [Miles Davis](https://sms4smile.com/quotes/author/miles-davis/) > [If you don't like club beats take a HIT OF E and you will love the music.](https://sms4smile.com/quotes/kevin-mccarty/if-you-don-t-like-club-beats-take-a-hit-of-e-and-you-will-love-the/) [Kevin McCarty](https://sms4smile.com/quotes/author/kevin-mccarty/) > [Every pitcher can beat you, it doesn't matter how good you are.](https://sms4smile.com/quotes/barry-bonds/every-pitcher-can-beat-you-it-doesn-t-matter-how-good-you-are/) [Barry Bonds](https://sms4smile.com/quotes/author/barry-bonds/) > [Only two to three per cent of an audience is interested in words and pays attention to lyrics; most of the rest of it…](https://sms4smile.com/quotes/al-stewart/only-two-to-three-per-cent-of-an-audience-is-interested-in-words-and/) [Al Stewart](https://sms4smile.com/quotes/author/al-stewart/) > [Joel Lane documents a life we don’t quite live, in a city we can’t quite find: half glimpsed and half imagined, we know it’s…](https://sms4smile.com/quotes/chaz-brenchley/joel-lane-documents-a-life-we-don-t-quite-live-in-a-city-we-can-t/) Chaz Brenchley > [Practice to beat the best.](https://sms4smile.com/quotes/dick-bennett/practice-to-beat-the-best/) [Dick Bennett](https://sms4smile.com/quotes/author/dick-bennett/) > [I don't know about the rest of the world, but I know in our region everyone is gunning to beat us. 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