As trading ranges widen and anxiety increases it is time to look at nine things Jesse Livermore said about excessive trading (Part 1 with Part 2 to follow) 1

As trading ranges widen and anxiety increases it is time to look at nine things Jesse Livermore said about excessive trading (Part 1 with Part 2 to follow) 1. Money is made by sitting, not trading. 2. It takes time to make money. 3. It was never my thinking that made the big money for me, it always was sitting. 4. Nobody can catch all the fluctuations. 5. 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.