A Quote by Jesse Lauriston Livermore
If you can't sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.
Related Quotes
When a stock doubles, sell half - then what you have is a free position. Then it becomes more of an art form. When you sell depends on individual circumstances.
J.P. Morgan once had a friend who was so worried about his stock holdings that he could not sleep at night. The friend asked, 'What should I do about my stocks?' Morgan replied, 'Sell down to your sleeping point' Every investor must decide the trade-off he or she is willing to make between eating well and sleeping well. High investment rewards can only be achieved at the cost of substantial risk-taking. So what is your sleeping point? Finding the answer to this question is one of the most important investment steps you must take.
Stock market goes up or down, and you can't adjust your portfolio based on the whims of the market, so you have to have a strategy in a position and stay true to that strategy and not pay attention to noise that could surround any particular investment.
You should never be so involved with your position/job that when the position is gone your entire self image is gone with it.
Don't let your ego get too close to your position, so that if your position gets shot down, your ego doesn't go with it.
Sleeping here is harder here in space than on a bed because the sleep position here is the same position throughout the day. You don't ever get that sense of gratifying relaxation here that you do on Earth after a long day at work.
If you become so frightened of realities that are not your own, if you take upon yourselves tragedies that do not exist in your reality, in your moment, then you weaken your position and weaken the position, of those you think you are helping. You look about you and you see only hopelessness and helplessness. You organize your reality according to the tragedies of the newspapers!
You should never get set over the ball and then aim your putter face. If you do it in that order, you can easily lose sight of your intended line. Instead, aim the face down your line first, then settle your body into position.
When you are an entrepreneur, you have founded your own firm, it is so easy to find that you exist - you are the main shareholder of your company; it is very easy to look at the stock market position of your company to know how rich you are.
If a lot of money goes into the stock market, it'll push up prices, making money for stock speculators. Then the insiders can decide that it's time to sell out, and the market will plunge.
I just had a device made that fits in your mouth and juts your jaw out like you have an underbite. It locks in that position to keep your throat passage open when you sleep. This is the sacrifice I make for my wife. It was either this device or me sleeping in the other room.
I try to hit the ball along the ground, especially against fast bowlers. I also like the bat to come down in the right position and check if my body position is correct. If I'm really watching the ball carefully, then automatically I'm in a good position to hit it down the ground.
I realised you owned me one night in this room. I was singing to you and you were sleeping. You made a little noise in your sleep like you were distressed and I panicked and ran to your side. You grabbed my arm in your sleep and pulled it up against your face and went back to sleep. I didn't want to ever move.
The correct attitude of the security analyst toward the stock market might well be that of a man toward his wife. He shouldn't pay too much attention to what the lady says, but he can't afford to ignore it entirely. That is pretty much the position that most of us find ourselves vis-à-vis the stock market.
For those who haven't done any time in the armed services a burpee starts from a standing position then jump down to a press up position, a squat thrust, followed but a star jump. Doesn't sound too hard? Try doing 50.
Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jump from one stock to another, hold a losing position too long, and cut out of a winner too soon, for no reason other than fear of losing profit. Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralised, depressed, despondent, and abandon the market and the chance to make a fortune from what the market has to offer.
Related Authors
Jeff Yass Quotes
American
Trader
Jerome Kerviel Quotes
French
Trader
Linda Bradford Raschke Quotes
American
Trader
