“If most traders would learn to sit on their hands 50% of the time, they would make a lot more money.”
-Bill Lipschutz
“Money is made by sitting, not trading.”
-Jesse Livermore
“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 every day, as though they were working for regular wages.”
-Jesse Livermore
“The stock market is a device for transferring money from the impatient to the patient.”
-Warren Buffett
“It was never my thinking that made the big money for me, it always was sitting.”
-Jesse Livermore
