"The microspeed of the tongue ought to be always slightly less than the microspeed of the thoughts and certainly not ever the reverse."

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When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up.

— Jesse Lauriston Livermore