One of Jesse Livermore's timeless trading principles that still resonates in modern markets: the importance of patience and discipline over impulsive action. The legendary trader understood that the best opportunities come to those who wait for the right setup, not those who chase every movement. In volatile markets—whether stocks or crypto—this wisdom holds true: knowing when to stay on the sidelines is just as crucial as knowing when to enter a position. Livermore's approach emphasized reading price action, respecting support and resistance, and never forcing trades. His legacy teaches us that sustainable profits come from following rules consistently, not from outsmarting the market. For traders navigating today's digital assets space, this reminder is invaluable: discipline beats luck every time.