---
title: "The ultimate insight of the King of Speculation, Livermore: Money comes from sitting and waiting."
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url: "https://longbridge.com/en/topics/38130404.md"
description: ""Money comes from sitting and waiting" is the cornerstone of financial trading theory. This single sentence lays the foundation for all financial trading theories and encompasses all money-making techniques in finance. This golden rule, "Money comes from sitting and waiting," is destined to accompany every successful trader throughout their life. Trading is about waiting—waiting for the medium-to-long-term moving average you've chosen."
datetime: "2026-01-27T09:40:19.000Z"
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author: "[红与绿](https://longbridge.com/en/profiles/18418510.md)"
---

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# The ultimate insight of the King of Speculation, Livermore: Money comes from sitting and waiting.

**Red and Green Guide:**

"Money comes to those who wait" is the cornerstone of financial trading. This single sentence lays the foundation for all financial trading theories and encompasses all money-making techniques in finance. This golden rule is destined to accompany all successful traders throughout their lives. Trading is about waiting—waiting for the medium-to-long-term moving average you've chosen.

**One**

Trading is about persistence—not losing heart over temporary setbacks and consistently adhering to the principles you've chosen. Trading is like an alligator hunting—waiting quietly, patiently, to seize the profits you deserve.

Those who are indecisive might succeed in other industries, but in the ruthless financial markets, it's too difficult, even if you're exceptionally talented.

**Two**

Livermore's ultimate realization is this: Money comes to those who wait. I translate this into trading terms: Firmly base your trades on medium-to-long-term moving averages.

This sentence is the supreme, all-encompassing ultimate strategy in financial markets. Beyond this, most other things are dross and noise. Understanding this requires extraordinary wisdom and vast practical experience. 99% of losers will never grasp this in their lifetime. No matter what K-line cycle you trade, fighting against medium-to-long-term moving averages is a dead end.

I can confidently say that 99% of people on this forum won't understand this either. All your fears and impatience stem from not understanding this.Success and failure both originate from understanding or not understanding this.

The popularization of K-line theory will only accelerate its own mutation. It's foreseeable that in the future, the probability patterns of 15-minute to daily K-lines will mutate faster, with far more deceptive signals, especially in mainstream daily K-lines. The market has its own intelligence. Ultimately, most will lose money.

It's foreseeable that in increasingly mature markets, small K-lines and large moving averages will dominate. K-line theory itself will be mercilessly trampled by the mutating market. As the primary trend indicator, moving averages will forever hold supreme status in financial markets!

**No matter how powerful your capital is, you can manipulate K-line probabilities, even play with short-term moving averages, but no force can challenge the dominance of medium-to-long-term moving averages. Whether intentional or not, you must unconditionally submit to their constraints.**

**Three**

No matter what K-line cycle you trade, only by aligning with medium-to-long-term moving averages can you achieve maximum safety and profitability. This is an unassailable mathematical truth.

As long as human greed and fear exist, this principle will never become obsolete. Stop-loss strategies vary only based on your chosen K-line cycle.

Absolute loyalty to your chosen medium-to-long-term moving averages is the supreme, ultimate, and most magnificent trading tactic. Over extended periods, this tactic is destined to remain unbeatable.

It is the embodiment of trading wisdom. Only obsessive winners can truly understand this.Quietly guard your moving averages—they mark the inevitable path of market movements. Trading is about understanding and guarding this inevitable path.

Short-term moving averages cannot bear the volatility you need. By adhering to medium-to-long-term moving averages, you guard the inevitable path of market movements—the key to consistent, substantial profits.

Profits require time and stability. They can't withstand constant tinkering or repeated stop-losses.

**Four**

Guard your trading principles as you would your life. To gain, you must let go—abandon all trends you don't understand or can't afford to gamble on. Endure and guard only those major trends you clearly comprehend and can execute.

Trading is inherently imperfect. Perfectionists are doomed to suffer. Trading is imperfection. The philosophy of "Great perfection seems incomplete" describes trading perfectly.

**Thus, trading is fundamentally a loser's game—tempering your will through failures, securing greater profits after stop-losses, constantly exchanging small losses for large gains. This is the essence of trading.**

The fluctuations between medium-to-long-term moving averages and price action are far smaller, simpler, and easier than short-term ones. The philosophy of letting go and gaining requires slow, careful contemplation. Often, you must detach from profit-seeking.

Pursuing perfection only drastically increases operational difficulty. The simplest path is supreme—this is no joke. The more complex the indicator, the harder it is to use, and the higher the failure rate.

## Comments (4)

- **特朗普特靠谱 · 2026-01-27T15:23:45.000Z**: Lifumoer: I didn't say that
- **危机猎手 · 2026-01-27T15:15:58.000Z · 👍 1**: When your hard-earned money goes through ups and downs, can you remain calm inside? When you hold onto your investment for days, weeks, or months, and it keeps falling, with the market and surrounding voices all pessimistic, won't your conviction waver?
- **或许等待nsnsmd · 2026-01-27T15:02:39.000Z · 👍 1**: That was so awesome.
- **洒家特地来赚刀乐 · 2026-01-27T09:43:29.000Z**: Learn something new every day😆