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Posted On: 02/29/2024 2:42:34 PM
Post# of 148870
Flipping is generally a losing strategy. While I am enjoying the updraft, it’s too early to really celebrate. This quote from Jesse Livermore is golden wisdom. The big money is in the big move and we are just starting to move again.
“It never was my thinking that made the big money for me. It always was my sitting.”
He was sitting on an inflation adjusted roughly $1.8 billion just after the Great Depression…one of the greatest traders of all time was not a flipper.
“It never was my thinking that made the big money for me. It always was my sitting.”
He was sitting on an inflation adjusted roughly $1.8 billion just after the Great Depression…one of the greatest traders of all time was not a flipper.
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