Be right and sit tight# Stock
b*r
1 楼
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! It is no trick at all to be
right on the market. You always find lots of early bulls in bull markets
and early bears in bear markets. I’ve known many men who were right at
exactly the right time, and began buying and selling stocks when prices were
at the very level which should show the greatest profit. And their
experience invariably matched mine – that is, they made no real money out
of it. 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. It is literally true
that millions come easier to a trader after he knows how to trade than
hundreds did in the days of his ignorance.”
Jesse Livermore
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! It is no trick at all to be
right on the market. You always find lots of early bulls in bull markets
and early bears in bear markets. I’ve known many men who were right at
exactly the right time, and began buying and selling stocks when prices were
at the very level which should show the greatest profit. And their
experience invariably matched mine – that is, they made no real money out
of it. 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. It is literally true
that millions come easier to a trader after he knows how to trade than
hundreds did in the days of his ignorance.”
Jesse Livermore
