"Profits always take care of themselves but losses never do....

....As long as a stock is acting right, and the market is right, be in no hurry to take a profit....

....The doctrine for the trader was to insure himself against considerable losses by taking the first small loss....

....The only way to continue trading stocks is to guard his capital account and never permit himself to lose enough to jeopardize his overall operations and be unable to trade at some future date, when his market judgement is correct...."

-- Jesse Livermore