The quotes below are attributed to the truly amazing Jesse...

The quotes below are attributed to the truly amazing Jesse Livermore. He wrote a couple of books about trading but his life history is more interesting. "Reminiscences of a Stock Operator" written by Edwin Lefevre is supposedly about his life. It's a great book to read and re-read.

“Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.”

“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”

“The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.”