This chapter describes Jesse's visit to Atlantic City for a short vacation and his visit to his first broker, Harding Brothers. It highlights the difference between his one‐point margin in the bucket shop and the margin required by brokers who actually bought or sold stocks for his account on the New York Stock Exchange. It highlights that there were dozens of instances where he did not sell as per hunch and the following day, he would go downtown and the market would be strong or perhaps even advance and he would tell himself how silly it would have been to obey the blind impulse to sell. But on the following day, there would be a pretty bad drop. Something had broken loose somewhere and he had made money by not being so wise and logical. The reason plainly was not physiological but psychological. It happened when he was having that vacation in Atlantic City in the spring of 1906. The chapter further explains how he learned not to take tips but follow his own inclination and how he gained confidence in himself and was able finally to shake off the old method of trading.