Successful Stock Speculation 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
- THE PURPOSE OF THIS BOOK
- VHAT Is SPECULATION
- SOME TERMS EXPLAINED
- A CORRECT BASiS FOR SPECULATING
– PART 2:WHAT AND WHEN TO BUY AND SELL
- WHAT STOCKS TO BUY
- WHAT STOCKS NOT TO BUY
- WHEN TO BUY STOCKS
- WHEN NOT TO BUY STOCKS
- WHEN TO SELL STOCKS
– PART 3:INFLUENCES AFFECTING STOCK PRICES
- MOVEMENTS IN STOCK PRICES
- MAJOR MOVEMENTS IN PRICES
- THE MONEY MARKET AND STOCK PRICES
- MINOR MOVEMENTS IN PRICES
- TECHNICAL CONDITIONS
- MANIPULATIONS
– PART 4:TOPICS OF INTEREST TO SPECULATORS
- MARGINAL TRADING
- SHORT SELLING
- BUCKET SHOPS
- CHOOSING YOUR BROKER
- PUTS AND CALLS
- STOP LOSS ORDERS
– PART 5:CONCLUDING CHAPTERS
- THE DESIRE TO SPECULATE
- TWO KINDS OF TRADERS
- POSSIBILITIES OF PROFIT
- MARKET INFORMATION
- SUCCESSFUL SPECULATION