“The sittin’ and the waitin’ is important. You have to sit and wait for all factors to come together to merge into the perfect play.” -Jesse Livermore

One of the most important traits of a great trader is patience.  You have to know how to sit on your hands and wait.

It takes patience to not be in the market all the time. It takes patience to wait for a great play.

And if you don’t have the patience to wait for a great play, you’ll reach for a mediocre play. (And you really don’t want to do that.)

Jesse Livermore knows something about waiting.

He predicted the crash of 1929. As a matter of fact he made $100,000,000 in one day (that’s about 1.7 billion dollars today) shorting stocks right before the crash.

What did Jesse Livermore know that other traders didn’t? That’s what today’s episode is all about. 

Listen to the Episode Now!