Quote#Time
First, do not be invested in the market all the time. There are many…
Quote byJesse Lauriston Livermore · 1877–1940
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: Richard Smitten, Trade Like Jesse Livermore, Chapter 6 - Emotional Control.
English (original)
First, do not be invested in the market all the time. There are many times when I have been completely in cash, especially when I was unsure of the direction of the market and waiting for a confirmation of the next move. Second, it is the change in the major trend that hurts most speculators.
— Jesse Lauriston Livermore
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