One Thousand Ways to Make Money by Page Fox

Everybody has heard of the great Leiter deal. Joseph Leiter often made $100,000 in a single day. In ten months he rendered things lively in every great center of the world, and in this period of less than a year he actually made $4,500,000. True, he lost it again, but the fact that one could corner such a fortune in so short a time shows what may be accomplished with courage and capital. The safest rule for small and timid operators is to follow in the wake of these bold speculators, but not too far. It may be laid down almost with the certainty of a logical premise, that, when a man of vast resources and thoroughly familiar with the field enters the market, he is bound to win at first, but bound to lose if he presses things too far, because the tremendous stress produces at last reactionary conditions which no manipulator and no combination of speculators are able to face. It does not matter so much whether you are a bull or a bear, if you can perform the difficult feat of holding yourself in.