“Money is made by sitting, not trading.”

Ma gandesc cateodata (in momente de reflectie) la Jesse Livermore - unul dintre cei mai remarcabili traderi de pe Wall Street din toate timpurile. 

Despre el in acest documentar:

Cu trecerea anilor, ajung sa ii dau dreptate in tot ce a spus, si in principal vis-a-vis de faptul ca se fac mai multi bani ASTEPTAND decat tranzactionand.

Citatul original: "Money is made by sitting, not trading.".

Am avut conturi de tranzactionare in care am tranzactionat cand mi-am adus aminte de ele, din cand in cand (si in principiu, atunci cand vedeam oportunitati care "straigau" la mine, si deschideam toate conturile ca sa pun trade-uri peste tot), si conturi extrem de active, unde jucam acest joc al castigurilor si pierderilor in mod constant.

INTOTDEAUNA CONTURILE IN CARE NU AM TRANZACTIONAT DES AU FOST MAI PROFITABILE, FARA EXCEPTIE, AN DE AN (si evident, am muncit si mai putin acolo).

Pe de alta parte, conturile in care tranzactionezi des, fara doar si poate, te formeaza, te ajuta sa de calibrezi psihologic.

Alte citate de-ale lui Jesse Livermore:

1. “It takes time to make money.”

2. “It was never my thinking that made the big money for me, it always was sitting.”

3. “Nobody can catch all the fluctuations.”

4. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

5. “Buy right, sit tight.”

6. “Men who can both be right and sit tight are uncommon.”

7. “Don’t give me timing, give me time.”

8. “There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

9. "I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that."

Enjoy the video 😉