Excellent information from Jesse Livermore BMT!  It's so true as what little money I have made in the stock market over the years was by "sitting tight" thru all the months of bashing.  Stock bashing reminds me of all the lies being spewed in the U.S. politics that intelligent people can easily filter out and find the truth.  Unfortunately the masses are "too stoopid" per my video link posted from a couple of days ago to understand these are con artists doing the work of the devil and will take your invested money away from you.  In addition to your quotes from Jesse Livermore, another Jesse quote as follows:

"The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. Old Turkey was dead right in doing and saying what he did. He had not only the courage of his convictions but also the intelligence and patience to sit tight."