Big Money

It took me five years to learn to play the game intelligently enough to make big money when I was right. — Jesse Livermore (1877–1940), stock trader & speculator


via @TraderHMS

Note that the quote implies that Mr. Livermore loses money when he is wrong. You cannot avoid that. Sometimes you lose. The trick is make more profit when you are right than you make losses when you are wrong.

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