Saturday, August 29, 2009

Jesse Livermore

"It took me five years to learn to play the game intelligently enough to make big money when I was right."

One of the greatest trader of all time,Jesse Livermore.His view on day trading was,"There are times when money can be made investing and speculating in stocks, but money cannot consistently be made trading every day or every week during the year. Only the foolhardy will try it. It just is not in the cards and cannot be done."