"It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind."

--

Source : Jesse Lauriston Livermore (1966). “How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price”

Jesse Lauriston Livermore

#Loss Quotes #Average Quotes #Mind Quotes

“You have an idea of the way you think it is, and it's not that way at all, it's something else.”
“A man who can take anything will find most things unsatisfying. And a man without memories is just a shell.”
“Only when I saw the Earth from space, in all its ineffable beauty and fragility, did I realize that humankind's most urgent task is to cherish and preserve it for future generations.”
“Sarah Palin uses me as a laugh line in her stump speeches. If you're willing to turn me into a joke, you should also be willing to talk to me.”
“Only men are capable of aesthetic greatness.”
“I was never really obsessed with the whole guy thing to begin with.”
“The state of my poor boy's health prevents me from leaving home for a night.”
“An honest man's the noblest work of God.”

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