Successful Stock Speculation

This book is written for the purpose of giving our clients some ideas of the fundamental principles that guide us when we select stocks for them to buy, but these principles are valuable to every person who trades in listed stocks or in any other kind of speculative stocks.

First of all, we want you to get a clear conception of the meaning of the word speculation, which is explained in the next chapter. Our purpose is to protect you against losses as well as to enable you to...
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This book is written for the purpose of giving our clients some ideas of the fundamental principles that guide us when we select stocks for them to buy, but these principles are valuable to every person who trades in listed stocks or in any other kind of speculative stocks.

First of all, we want you to get a clear conception of the meaning of the word speculation, which is explained in the next chapter. Our purpose is to protect you against losses as well as to enable you to make profits, and it is very important that you understand how to provide for safety in your speculating.

It is a well known fact that there are tremendous losses in stock speculation, but we claim that almost all of these losses would be avoided if all speculators were guided by the principles expounded in this book.

"What" and "When" are two very important words in stock speculation, and we cannot urge upon you too strongly to study carefully Chapters V. to IX.

Chapters X. to XV. tell you much about the influences that affect the prices of stocks, a knowledge of which should also be a guide to you in making your selections.

Perhaps the most important chapter in the entire book is XXV., on Market Information. A careful reading of this chapter should convince you that much of the prevailing information about the stock market is misleading. That fact alone accounts for many of the losses in stock speculation.

It has been our aim to state all facts briefly. The entire book is not long, and it will not require much of your time to read it through carefully. We are sure you will get many ideas from it that will help you.

CONTENTS

PART 1

INTRODUCTORY CHAPTERS

I. The Purpose of This Book

II. What Is Speculation

III. Some Terms Explained

IV. A Correct Basis for Speculating

PART 2

WHAT AND WHEN TO BUY AND SELL

V. What Stocks to Buy

VI. What Stocks Not to Buy

VII. When to Buy Stocks

VIII. When Not to Buy Stocks

IX. When to Sell Stocks

PART 3

INFLUENCES AFFECTING STOCK PRICES

X. Movements in Stock Prices

XI. Major Movements in Prices

XII. The Money Market and Stock Prices

XIII. Minor Movements in Prices

XIV. Technical Conditions

XV. Manipulations

PART 4

TOPICS OF INTEREST TO SPECULATORS

XVI. Marginal Trading

XVII. Short Selling

XVIII. Bucket Shops

XIX. Choosing a Broker

XX. Puts and Calls

XXI. Stop Loss Orders

PART 5

CONCLUDING CHAPTERS

XXII. The Desire to Speculate

XXIII. Two Kinds of Traders

XXIV. Possibilities of Profit

XXV. Market Information

XXVI. Successful Speculation