Wall Street is never short of geniuses; what it lacks are those who can remain rational for a lifetime.

The biggest scam in the market is to make you believe:

This time is different from before.

There has always been only one thing that can truly determine your life or death:

Can you still stick to your most boring discipline when your emotions are at their highest?

He left a final message before jumping off the building in bankruptcy:

"Every penny I lost was because I thought I finally outsmarted the market."

It is never IQ that wins in trading, but rather extreme restraint against arrogance.

Carve this sentence on the front of the screen, and you will avoid liquidating your position many times.

——Jesse Livermore (one of the greatest traders of the century)