Technical analysis · Beginner
The Psychology of Speculation
Henry Howard Harper
On why disciplined people abandon their own rules once money is on the line. The most useful thing a new investor can read before their first trade.
Out of copyright — read the whole book here, free.
The complete text is stored on this site. No account, no other website. About 18,567 words, roughly 1 hours of reading.
- First published
- 1926
- Length
- 106 pages
- ISBN
- 9780870340154
The highlights
What this book actually gives you, in short.
- 1
On why disciplined people abandon their own rules once real money is at stake.
- 2
Uses case histories of ordinary speculators rather than famous traders.
- 3
The best thing on this list to read before your first trade.
At a glance
Drawn from the catalogue record — every line here is a checkable fact about the book, not an opinion about it.
- Covers Speculation, Stock exchanges.
- First published in 1926.
- About 106 pages, roughly 2 hours of reading.
- The complete text is hosted on this site — read it here, free.
In the author’s own words
Taken word for word from the text on this site. Each one links to the page it appears on.
“He declared that the “public,” so-called, always “bought at the top and sold at the bottom”—a commonplace in stock market parlance, though not necessarily true. Also that the inclination of all speculators is to venture out beyond their depth, i. e.”
“This indiscretion he thought to be especially characteristic of those with but small capital, whose eagerness for large gains outstripped their conservatism and exposed them to the perils of abrupt and unexpected reactions and panics.”
Catalogue details (publication year, length, ISBN and cover) were compiled once from Open Library and are stored on this site. The at-a-glance points are generated from that record. The numbered highlights are written by the Stock Education team. Quotations are verbatim from the out-of-copyright text hosted here. This page loads nothing from any other website.