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 | | From: | -oo0-GoldTrader-0oo--oo0-GoldTrader-0oo- | | Subject: | Old Turkey | | Date: | 15 Jan 2005 18:57:25 -0800 |
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 | 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. That is why so many men in Wall Street, who are
not at all in the sucker class, not even in the third grade,
nevertheless lose money. The market does not beat them. They beat
themselves, because though they have brains they cannot sit tight.
Old Turkey was dead right in doing and saying what he did. He had not
only the courage of his convictions but the intelligent patience to
sit tight.
Jesse Lauriston Livermore
twc wrote:
> OK, so instead of trading, ...
> you're saying "sit tight"?
> Maybe I miss your point?...
>
> I can relate to advice that says
> "don't be impulsive" or "choose
> your moments carefully", but
> not sure what you're saying here...
>
"-oo0-GoldTrader-0oo--oo0-GoldTrader-0oo-":
> > "It never was my thinking that made the big money for me. It
always
> > was my sitting. Got that? My sitting tight!"
> >
> > "Men who can both be right and sit tight are uncommon."
> >
> > "The market does not beat them. They beat themselves, because
though
> > they have brains they cannot sit tight."
> >
> > "He had not only the courage of his convictions but the intelligent
> > patience to sit tight."
> >
> > Jesse Lauriston Livermore
> >
> > twc wrote:
> > > if you're the kind
> > > of trader who likes to keep busy all day,
> > > and not be "sitting on your hands".
> >
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| | From: | ynotssor | | Subject: | Re: Old Turkey | | Date: | Sat, 15 Jan 2005 19:39:24 -0800 |
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| "-oo0-GoldTrader-0oo--oo0-GoldTrader-0oo-" wrote
in message news:1105844245.282903.37340@c13g2000cwb.googlegroups.com
> Old Turkey was dead right in doing and saying what he did. He had
> not only the courage of his convictions but the intelligent patience
> to sit tight.
>
> Jesse Lauriston Livermore
It doesn't take any brains to quote from a book, charlatan.
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| | From: | JLW | | Subject: | Re: Old Turkey | | Date: | Sun, 16 Jan 2005 12:08:19 -0500 |
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| ynotssor wrote:
> "-oo0-GoldTrader-0oo--oo0-GoldTrader-0oo-" wrote
> in message news:1105844245.282903.37340@c13g2000cwb.googlegroups.com
>
>
>>Old Turkey was dead right in doing and saying what he did. He had
>>not only the courage of his convictions but the intelligent patience
>>to sit tight.
>>
>>Jesse Lauriston Livermore
>
>
> It doesn't take any brains to quote from a book, charlatan.
If I had some brains, I'd make snide comments.
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