The game of speculation quotes

The trading game of speculation by Jesse Livermore

Speculators are not interested in putting their money into a stock or commodity for a long time. They want to see a good profit quickly – on a time scale of minutes to months. If their money does not quickly perform well in a situation, they move it into another situation. In pursuit of greater gain, speculators take greater risks with their capital than people who put their money into Savings & CD Accounts. For … Continue reading

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The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor. Jesse Livermore The man who can drive himself further once the effort gets painful, is the man who will win. Roger Bannister. Patience: even if you’re good at investing it takes a long time to get … Continue reading

50 Great quotes about trading

Life is either a daring adventure or nothing. Helen Keller First of all you must keep well in mind that a complete trading system covers each of the decisions required for successful trading, that is: Markets – What to buy or sell Position Sizing – How much to buy or sell Entries – When to buy or sell Stops – When to get out of a losing position Exits – When to get out of … Continue reading