PREPARATION FOR TRADING

Lawyers, doctors, engineers and professional men who make a success spend anywhere from two to five years’ time studying and preparing to practice their profession before they begin making any money.

Men enter into speculation in Stock Market without any preparation. They have made no study of it whatsoever.
They try to deal in something they know nothing about. Is it any wonder then that they lose?

Speculators and Traders who simply guess, follow tips, rumors, newspaper talk and so-called “inside information” have no chance of ever making a success. Unless they follow some well-defined plan based on Science and Supply and Demand, they are sure to lose.

Over twenty years of study and experience places me in a position to give you a definite, practical set of rules and instructions which will lead to success if you follow them.

No great success or gain can be expected unless a man is willing to study and learn by past experience. You cannot get something good for nothing and must pay with time, money, or knowledge for success.

You have often heard the expression “99 out of every 100 Traders lose.” Then one man out of every hundred must win.

Therefore, my answer is that Stock Market can be beaten and that you can make money by speculating and investing along conservative lines and by trading
in a few selected stocks.

But how are you going to do it?

You must have knowledge and science. Know! Know !! Know!!! more than the other fellow or the common trade, Remember that “Knowledge is Power.”
Statistics show that 98 per cent of business men fail sooner or later. Then why do men go into business? Because 2 per cent of them make fortunes out of general business and keep them.

Just ask yourself the question, “Who gets all the money that is lost in Stock Market ?”

It does not evaporate; for every Rupee lost some one makes a Rupee . Then the way to make it is to trade the same way the fellow does who
gets what you lose. Remember that every time you buy some one sells and every time you sell some one buys.

he majority of people who buy stocks lose money in the end. Why? Because they guess, follow newspaper dope, fake tips or inside information. They do not make safe investments; they gamble on 10 or 15 points’ margin. They nearly always buy near the top, and, of course, nothing can keep them from losing.

Trading requires patience, and the essence and value of it is concentration. There is no such thing as a man being born with a mind that can concentrate on 10 things at one time, Then success depends upon selecting a few stocks and concentrating upon them.