Who it is for
Readers studying financial history, investment education, and the chapter’s specific subject—top, bull market, rallies—will get the most from this section. It is not suitable as a modern trading or investment checklist.
Successful Stock Speculation. English-only reading by default; switch among English, Chinese, and Spanish, or compare languages side by side.
This chapter examines When to Sell Stocks, using the author’s early-twentieth-century investment framework to explain how investors were expected to judge security quality, income, risk, and market conditions. It opens from the chapter’s own discussion: You should sell stocks when the market price is too high. That is a general rule, but it is necessary for you to study all the influences affecting stock prices to be able to decide more accurately when you should sell your stocks.
Readers studying financial history, investment education, and the chapter’s specific subject—top, bull market, rallies—will get the most from this section. It is not suitable as a modern trading or investment checklist.
Read this chapter as historical investment education. The market rules, disclosure practices, securities, commissions, interest-rate conditions, and investor protections around top, bull market, rallies may differ sharply from modern markets.