Following the publication of The A B C of Wall Street there were many requests for a book dealing with the principles governing stock speculation. This Book Contents advice for investment and trading that have remained unchanged over 70 years.
Introductions:
If there is one man better qualified than another to produce such a book that man is Mr. Charles H. Dow. Several attempts were made to have him write the desired volume but they were unavailing.
From time to time in his Wall Street career, extending over a quarter of a century, Mr. Dow has carefully evolved his theories of successful stock speculation.
They are to be found in Chapters IV to XX, inclusive, and can be commended to any one interested in stock speculation as Temarkable for their grasp of a subject about which so little has been written and so much misinformation is gratuitiously offered the public.
In the preparation of this little volume thanks are also due to the Wallr Street Journal, the Evening Post, the Dow, Jones & Co.’s News Agency, Mr. Alexander Dana Noyes, Mr. Daniel Kellogg, Mr. E. W. Harden, and a number of brokers and speculators.
The reader of course understands that there is no royal road to success in speculation. It would be fallacy to undertake to show how money· can be made. No infallible plan has yet been discovered.
Experience and observation when intelligent, however, are valuable, and we are of the opinion that the average spec:ulator will find a study of the following pages to be useful and profitable.
Contents:
- Origin of Stock Brokers, Stock Exchanges anrl Stock Speculation
- Stock Speculation
- Stock Speculation and Gambling
- The Morality of Wall Street
- Scientific Speculation
- The Two General Methods of Trading
- Three General Lines of Reasoning
- Swings Within Swings
- Methods of Reading the Market
- The Operation of Stop Orders
- Cutting Losses Short
- The Danger in Overtrading
- Methods of Tradlng
- The Out of Town Trader
- The Short Side of the Market
- Speculation for the Decline
- Concerning Discretionary Accounts
- The Liability for Loss
- The Recurrence of Crises
- Financial Criticism
- The Physical Position of the Stock Speculator
- Temperament and Equipment
- The Broker and his Client
- The Bucket Shop
- The Speculator and the Consolidated Exchange
- The Tipster
- Conclusions of a Speculator
- Successful and Unsuccessful Speculators
- An Interesting Inquiry
- Stock Market Manipulation
- The Record of Five Panics
- End of Several ” Booms”
- Dealing in Unissued Stocks
- The Tipster’s Point of View
- Wall Street Points of View