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Message: sit tight

Jesse Livermore -- perhaps the greatest stock trader who ever lived. These are his words as told to Edwin LeFevre in LeFavre's 1923 classic, 'Reminiscences of a Stock Operator'

"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. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn...The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do."
safeharbour
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Sep 20, 2010 12:08PM
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