In 1884, Charles Dow, the Wall Street Journal's famous first editor, published the first stock market average... and in the years after, he formulated, through his editorials, a wide-ranging economic philosophy that has come to be known as "Dow's Theory." In fact, S.A. Nelson coined the term when he collected Dow's editorials together in this 1902 volume. Topics discussed include: methods of reading the market cutting losses short the danger in overtrading the recurrence of crises the tipster and much more. Dow's observations and Nelson's commentary sound strikingly modern even a century later, and remain vital components of an intelligent understanding of fundamental concepts of the stock market. S. A. NELSON was a reporter for The Wall Street Journal during the early 20th-century.

Excerpt from Common Sense; Stock Speculation: A Treatise on Stock Speculation and Investment, Including the Experience of Successful Traders The difference is that in one case a loss or gain is realized slowly and gradually, whereas in the other case they occur more quickly. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Successful Stock Speculation Marginal Trading; Short Selling; Bucket Shops; Choosing Your Broker; Puts and Calls; Stop Loss Orders; The Desire to Speculate; Two Kinds of Traders; Possibilities of Profit; Market Information; Successful Speculation About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Stock Speculation As a membership IS worth $5, 000 and upwards, the cost varying at different times, independent of its value to the broker as a means of carrying on his business, the inducement to preserve it is a strong one. But, besides this, the members are not often men of such character as to cheat those who deal with them. They feel a certain pride in the strict principles on which the business of the street is carried on, and desire to keep up the reputation of the Board. False reports, sensational rumors, forged telegrams and letters, and such other illegitimate means as are sometimes used to produce mo mentary changes in the market, do not originate with the brokers of the Exchange, but with outside parties, who hang about endeavoring to make an occasional profit by these expedients. It was among members of the Board that the law to punish the circulation of false news, enacted by the last Legislature, was planned, and it was passed through their influence. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Duncan on Investment and Speculation in Stocks and Shares We Show the principles upon which a capitalist, large or small, can obtain the highest return for his money, and point out the comparative risks he runs in investments of various qualities. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Scientific Stock Speculation: With Introduction and Notes In 1902 the railroad stocks were the principal part of the market. They were the favorites not only with investors but with speculators also. The U. S. Steel Corporation had been organized the previous year, the stock had been well dis tributed to investors, and in 1904 it sold below $10 a share. Other industrials passed through a similar experience and were for the most part regarded questioningly. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.