Livermore Quotes

2 More Stock Trading Quotes

Stock Trading Quotes on Waiting

"But I sat tight and instead of listening to my loudmouthed hopes or to my clamorous beliefs I heeded only the level voice of my experience and the counsel of common sense"

"And right here let me say one thing: 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!"

I think it’s important to understand that the most successful traders of all time had a different approach to the stock market.  They were not trading in and out of the market every day.  They waited for the right stock to come along and if bought that stock then they weren’t disturbed the short-term stock market fluctuations.