There is nothing new on Wall Street or in stock speculation.
What has happened in the past will happen again, and again, and again.
This is because human nature does not change, and it is human emotion, solidly built into human nature, that always gets in the way of human intelligence.
Of this I am sure.
Jesse Livermore
Archives of “human intelligence” tag
rss6 Random Thoughts
1) Everyone needs a “mental break” from trading once in a while. The best time to take one is during corrective markets. It helps you protect capital and confidence.
2) If you have a -50% loss, it takes a +100% gain to get it back. In other words, CUT YOUR LOSSES!
3) If you have trouble with discipline and staying away from the market, turn off your computer and get out of your chair. If you sit in the barbershop long enough, you’ll eventually get a haircut.
4) The “fear of missing out” is the downfall of most traders.
5) Whoever said that money doesn’t buy happiness clearly didn’t know where to shop.
6) “There is nothing new on Wall Street. What has happened in the past will happen again and again and again. This is because human nature does not change, and it is human emotion that always gets in the way of human intelligence. Of this I am sure.” — Jesse Livermore