The Theory of Stock Exchange Speculation

"The Theory of Stock Exchange Speculation" by Arthur Crump is a book from the 1800's that discusses the workings of stock trading and what it takes to be good at it. The book is a comprehensive study of the stock market that teaches readers the risks of stock trading and what qualities you need to succeed. The author points out that his goal is to teach potential stock traders about the risks of the stock market, while going over the character traits that lead to success. Important parts of trading are highlighted such as “bulls” and “bears”, emphasizing the need to be level-headed, have enough money, and be patient. The book suggests a careful approach, stating that being successful requires knowing how the market works, making smart decisions, and having plans to deal with risk.