How I Trade and Invest in Stocks and Bonds

by Richard D. Wyckoff

Richard Wyckoff was a Wall Street legend. Not only did he make a fortune, but he also was the longtime editor and publisher of The Magazine of Wall Street and the developer of successful methods to analyze and forecast the market. In this book, originally published in 1922, Wyckoff lays out his insider's knowledge for everyone, especially those who are willing to study before risking one's own money. After all, he wrote, "in Wall Street as anywhere else, the chief essential is common sense, coupled with study and practical experience." He covers topics such as the six rules he's found helpful, why he adopted Harriman's principle, what he looks for before buying a bond, the earmarks of a desirable investment, the importance of knowing who owns a stock, and how to recognize manipulation in the market. RICHARD D. WYCKOFF edited and published The Magazine of Wall Street and wrote Studies in Tape Reading and other books on his stock market techniques. He was an early proponent of ticker tape reading, and his method of analyzing the market is still used by brokers and traders today.

Genres: Finance, Nonfiction

Paperback

First published January 1, 1922

About the author

Richard Demille Wyckoff

Reviews

[Joseph]

this book is a much more refined version compared to his fist book, studies in tape reading. in it one can find many valuable advice. in particular:

(1) his refined trading/ investing technique ( i.e. from minor swing to intermediate swing)

(2) industry outlook

(3) cost of 'averaging' and what to do. basically we should plan our campaign in such a way that we have sufficient ammo in either bull/bear scenarios

and some other points. but feel the book isnt as good as i had expected (and the other book 'charting the stock market the wyckoff method' is much more succinct and preferable)

[Aler]

Decent insight into some of the macro conditions/thoughts that Wyckoff had with respect to the market and certain industries, but ultimately very little that can be incorporated into one's own trading process. Perhaps a decent book to read for completely neophyte traders who have never touched the market and are unaware of its perils, or for someone enthralled by Wyckoff, but certainly not a book that will affect your trading philosophy much.

2.8/5

[Navdeep Pundhir]

Please remember this book was published over one hundred years ago and is still more relevant than ever. It also debunks a lot of myths that intrinsic value is a Grahamic concept or diversification was only talked about after Markowitz wrote his thesis. He has explained them both, at least 25-30 years before them. A legend!

[Devin Stevenson]

Excellent pragmatic investment wisdom from a self made investor of a century ago. The market has gotten significantly larger and more complex in that time but the principles he outlines remain the same.

[Андрей С.]

4 звезды, потому что 5-звезд - это книга метод Вайкоффа. Интересные рассуждения о долгосрочных перспективах- про автомобильную нефтяную отрасли

[Gurmukh Sandhu]

For Beginners.

[Ikhwan Hafiz]

A very good book to understand very basic method of how Wyckoff have done with his invesment and trading. There are lots of insight we may learn from his experience. It is not very complex.