The A B C of Stock SpeculationS.A. Nelson, 1903 - 222 páginas |
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Página 21
... believe that chance is so large a part of speculation that it is subject to no rules , is governed by no laws . This is a serious error . - Unknown writer . Is a broker a trader , a speculator or a manipulator a gambler ? Or are all ...
... believe that chance is so large a part of speculation that it is subject to no rules , is governed by no laws . This is a serious error . - Unknown writer . Is a broker a trader , a speculator or a manipulator a gambler ? Or are all ...
Página 32
... believe that because 10 per cent . is a common speculative margin , that $ 1,000 justifies them in trading in hundred share lots . This impression produces losses continually . The man who has $ 1,000 for speculation is not well ...
... believe that because 10 per cent . is a common speculative margin , that $ 1,000 justifies them in trading in hundred share lots . This impression produces losses continually . The man who has $ 1,000 for speculation is not well ...
Página 46
... believe that for the margin trader , and especially the trader who operates rather more largely than he ought on the margin that he has , stop orders are wise . There are , however , many qualifications which should be kept in mind . If ...
... believe that for the margin trader , and especially the trader who operates rather more largely than he ought on the margin that he has , stop orders are wise . There are , however , many qualifications which should be kept in mind . If ...
Página 54
... believe that if a thousand dollars is a proper 10 per cent . margin for trading in 100 shares , $ 100 must be a fair margin for trading in 10 shares . We re- gard this reasoning as sound , but dissent from the con- clusion that $ 1,000 ...
... believe that if a thousand dollars is a proper 10 per cent . margin for trading in 100 shares , $ 100 must be a fair margin for trading in 10 shares . We re- gard this reasoning as sound , but dissent from the con- clusion that $ 1,000 ...
Página 78
... believe that people in Wall Street know what the market is going to do , hence that the only question involved in discretionary accounts is the honesty of the men who run them . The fact is that people in Wall Street , even those who ...
... believe that people in Wall Street know what the market is going to do , hence that the only question involved in discretionary accounts is the honesty of the men who run them . The fact is that people in Wall Street , even those who ...
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Términos y frases comunes
active stocks advance amount arbitrage bank bankers bear market become bonds bought broker bucket shop operator bull campaign bull market buy stocks buyer capital cent chance CHAPTER close Consolidated Exchange customers deal decline dividend Dow's Theory eral Exchange member fact fall firm fluctuations follow gambler gambling goes guess hold inductive reasoner insiders investment investors judgment large operators loans lose losses short lost lots manipulation margin ment method move movement newspaper panic panics of 1873 particular stock period points pool purchase quotations rally reaction reason rise rule rumors securities sell shares of stock short selling short side small losses sold stock broker Stock Exchange stock market stock speculation stop order successful speculator swings tendency thing ticker tion tipster trade in stocks transactions Union Pacific usually Wall Street wise writer York York Stock Exchange
Pasajes populares
Página 110 - Tis two or three, my lord, that bring you word, Macduff is fled to England. Macb. Fled to England? Len. Ay, my good lord. Macb. Time, thou anticipat'st my dread exploits : The flighty purpose never is o'ertook, Unless the deed go with it. From this moment The very firstlings of my heart shall be The firstlings of my hand. And even now, To crown my thoughts with acts, be it thought and done. The castle of Macduff I will surprise ; Seize upon Fife ; give to the edge o' the sword His wife, his babes,...
Página 50 - ... that a bull market is under way and believes that this stock will go up as much as any other. These and similar reasons lead to buying. It is obvious that in all but one of these cases the buyer does not profess to know anything definitely about the stock he buys. He acts on the suggestions or advice of others. Points are good when they are good, and under some conditions can very wisely be followed. There is nothing better in trading than to know that a great operator or a great syndicate intends...
Página 43 - Another method is what is called the theory of double tops. Records of trading show that in many cases when a stock reaches top it will have a moderate decline and then go back again to near the highest figures. If after such a move, the price again recedes, it is liable to decline some distance.
Página 36 - The market is always to be considered as having three movements, all going on at the same time. The first is the narrow movement from day to day. The second is the short swing, running from two weeks to a month or more; the third is the main movement, covering at least four years in its duration.
Página 42 - ... Prices are set down, giving each change of one point as it occurs, forming thereby lines having a general horizontal direction but running into diagonals as the market moves up and down. There come times when a stock with a good degree of activity will stay within a narrow range of prices, say two points, until there has formed quite a long horizontal line of these figures. The formation of such a line sometimes suggests that stock has been accumulated or distributed, and this leads other people...
Página 89 - Judging by the past and by the developments of the last six years, it is not unreasonable to suppose that we may get at least a stock exchange flurry in the next few years.
Página 14 - ... to sell their commodities with reputation by means of Brokers than we do; for that which seems to be gotten thereby is more than double lost another way. Besides, that by that course many differences are prevented which arise between man and man in, their bargains or verbal contracts; for the testimony of a sworn Broker and his book together is sufficient to end the same.
Página 45 - As a whole, it represents a serious, well considered effort on the part of far-sighted and well-informed men to adjust prices to such values as exist or which are expected to exist in the not too remote future.
Página 57 - Everybody knows j this in its application to his private business, but the man who is prudent and careful in carrying on a store, a factory or a real estate business, seems to think that totally different methods should be employed in dealing in stocks. Nothing is further from the truth.
Página 40 - September. It may be said that such a swing always outruns values. In its final stage it is discounting possibilities only. A Useful Definition In the same editorial Dow goes on to give a useful definition from which legitimate inferences may drawn. He says: "It is a bull period as long as the average of one high point exceeds that of previous high points. It is a bear period when the low point becomes lower than the previous low points. It is often difficult to judge whether the end of an advance...