CHAPTER III.

_The Right Temperament for a Professional Speculator._

1. Cool-headedness an indispensable Condition of Success 43

2. The Uselessness of Haphazard Speculation 45

3. Accurate Foresight 45

4. The Cool Man, or Professional Speculator 46

5. Observance of the daily published Telegrams from abroad 46

6. The Selfishness and Hard-heartedness of the Professional Speculator 48

7. The Non-professional or Haphazard Speculator 50

8. The Misfortune of Early Gains 55

9. Very few Failures made Public 57

10. Greediness involves Loss 60

11. Keeping one’s own Counsel 60