Keep a Cash Reserve & Be Patient

There are times when playing the stock mar­ket that your money should be inactive – waiting on the sidelines in cash – waiting to come into play.

In the stockmarket – time is not money – time is time ­and money is money.
Often money that is just sitting can later be moved into the right situation at the right time and make a vast fortune – patience – patience.

Patience is the key to success not speed.
Time is a cunning speculator’s best friend if he uses it right.

Remember the clever speculator is always patient and has a reserve of cash.

Jesse Livermore

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