Successful Stock Speculation

The book offers practical guidance for people who trade speculative securities, beginning with a clear definition of speculation and key terms. It explains how to select stocks, when to enter and when to exit positions, and methods to protect capital. Subsequent chapters analyze forces that move prices—major and minor trends, money-market conditions, technical indicators, and manipulations—and cover margin trading, short selling, bucket shops, and options. It stresses choosing a reliable broker, warns about stop-loss orders, and urges careful use of market information. Final chapters examine traders' motives, different trading approaches, profit possibilities, and principles for disciplined speculation.