Knowledge And Patience

The essential to success in the stock market is knowledge and patience.
So few people succeed in the market because they have no patience and are generally ignorant of the market and finally they want to get rich quickly.

Anyone who figures that his success in dependent upon chance may as well stay out of the market.
His attitude is wrong from the very start.
The great trouble with the average person who buys securities is that they think the market is a gambling proposition.

Jesse Livermore, How To Trade In Stocks