Scientific Stock Speculation Quotes

“It appears to take ordinarily five or six years for public confidence to go from the point of too little hope to the point of too much confidence and then five or six years more to get back to the condition of hopelessness.”
― Charles H. Dow, Scientific Stock Speculation

“Speculation is not at its best a simple and easy road to wealth, but speculation through people who advertise guaranteed profits and who call for participation in blind pools is as certain a method of loss as could possibly be discovered. The mere fact that a man openly asks for such accounts is the most ample and exhaustive reason possible for declining to give them.”
― Charles H. Dow, Scientific Stock Speculation

“The ordinary operator must always endeavor to get comparatively large profits. He should not buy unless he feels warranted in believing that the stock which he selects will go up four or five points, so that when he makes he will get double his loss when he loses. In trading for five or ten point turns, the operator at an interior city has one advantage. He does not hear the rumors and see sudden movements in prices which are the bane of the office trader. Wall Street is often full of people to-day who have been long of the market for a month, but who have made little or no money, because they have been scared out by rumors and by small relapses. The man who does not see the market escapes this.”
― Charles H. Dow, Scientific Stock Speculation

“Most people, however, when they talk about making money in stocks do not mean the slow road through investments but the short cut by way of speculation. We think here again there is one rule worth all others on this subject. It is a rule which is carried out with greater or less precision by a majority of successful traders. It has been approved by the practical experience of almost everybody who has dealt at all freely in stocks. This rule is to cut losses short but let profits run. It sounds very easy to follow, but is in reality difficult to observe.”
― Charles H. Dow, Scientific Stock Speculation

“This stock should be held without regard to current fluctuations, until it showed a satisfactory profit. Then it should be sold and the operator should wait weeks or months if necessary for an opportunity to take it or some other stock back upon favorable terms. The outsider who tries to follow the market from day to day, is not likely to have very marked success. The operator who selects investment properties carefully and buys after the market has had general declines, and who exercises a good deal of patience both in waiting for th6 time to buy and for the time to sell—who, in short, treats his speculation as an investment, will be likely to make money in stocks as a rule.”
― Charles H. Dow, Scientific Stock Speculation