Jesse Livermore Quotes on Risk Management

By
David
– July 29, 2011Posted in:

Do not be invested in the market all the time.

Don’t take action with a trade until the market, itself, confirms your opinion.

You know, a professional gambler is not looking for long shots, but for sure money.

Always sell what shows you a loss and keep what shows you a profit.

Take your losses quickly and don’t brood about them. Try to learn from them but mistakes are as inevitable as death.

If you can’t sleep at night because of your stock market position, then you have gone too far.
If this is the case, then sell your position down to the sleeping level.

The big money is made by the sittin’ and the waitin’ – not the thinking.
Wait until all the factors are in your favor before making the trade.

After I paid off my debts in full I put a pretty fair amount in to annuities.
I made up my mind I wasn’t going to be strapped and uncomfortable and minus a stake ever again.

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