Thought For The Day

I didn’t keep on trading the way I did through stubbornness. I simply wasn’t able to state my own problem to myself, and of course, it was utterly hopeless to try to solve it.
Jesse Livermore

 

I had been trading since my fourteenth year. I had made my first thousand dollars when I was a kid of fifteen, and my first ten thousand before I was twenty-one. I had made and lost a ten thousand dollar stake more than once. In New York I had made thousands and lost them. I got up to fifty thousand dollars and two days later that went. I had no other business and knew no other game. After several years I was back where I began. No – worse, for I had acquired habits and a style of living that required money; though that part didn’t bother me as much as being wrong so consistently.
Jesse Livermore

 

Their speciality was trimming suckers who wanted to get rich quick.
Jesse Livermore

 

One chap I met did tell me a story about seeing six hundred telegrams go out one day advising customers to get aboard a certain stock and six hundred to other customers strongly urging them to sell that same stock, at once.
Jesse Livermore

 

They figured that the more I did the more I’d lose, and the more quickly I was wiped out the more they’d make. It was a sound enough theory when you consider that these people necessarily dealt with averages and the average customer was never lon-lived, financially speaking.
Jesse Livermore

 

A busted customer can’t trade. A half-crippled customer can whine and insinuate things and make trouble of one or another kind that hurts business.
Jesse Livermore

 

It was a game that I could beat, and I did. I never got it down to such a fine point that I could win ten times out of ten; but I won on balance, take it week in and week out.
Jesse Livermore

 

There were times when my plans went wrong and my stocks did not run true to form, but did the opposite of what they should have done if they had kept up their regard for precedent. But they did not hit me very hard – they couldn’t, with my shoestring margins.
Jesse Livermore

 

They always had the hope of getting away from me what I had taken from them. They regarded my winnings as temporary loans, I think.
Jesse Livermore

 

Since suckers always lose money when they gamble in stocks – they never really speculate – you’d think these follows would run what you might call a legitimate illegitimate business. But they don’t.
Jesse Livermore

 

I think the same !

 

Great job done

 

Students learn more by watching than they do by listening.
Robert Kiyosaki

 

You do not get rich at work. You get rich by doing your homework.
Robert Kiyosaki

 

You know your financial intelligence is increasing if as you get older your money is buying you more freedom, happiness, health and choices in life.
Robert Kiyosaki

 

If you are not happy while getting rich, chances are you will not be happy when you do get rich. So whether you are rich or poor, make sure you are happy.
Robert Kiyosaki

 

If you are afraid of making mistakes, you will not want to do anything.
Robert Kiyosaki

 

Many times people do not make money simply because they fear losing money more.
Robert Kiyosaki

 

Give your children power, before you give them money.
Robert Kiyosaki