Richard Wyckoff Quotes Page 3


 
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Best 76 Quotes by Richard Wyckoff – Page 3 of 3

Stock Market Technique Number Two Quotes

“Try and recall all the big losses you ever had. Then remember that every one of them – without exception – could have been avoided if you had been wise enough to accept a small loss when the stock went against you.”

Stock Market Technique Number Two

Studies in Tape Reading Quotes

“Especially he who puts his knowledge into actual practice, is constantly evolving new ideas and making discoveries which modify or nullify his former methods. From each new elevation he enjoys a broader view; what were obstacles disappear; his problems gradually simplify.”

Studies in Tape Reading

“Frequent requests are made for the name of someone who will teach the Art of Tape Reading. I do not know of anyone able to read the tape with profit who is willing to become an instructor. The reason is very simple. Profits from the tape far exceed anything that might be earned by charging tuition fees to his students. It's simple economics.”

Studies in Tape Reading

“Mental poise is an indispensable factor in tape reading. The mind should be absolutely free to concentrate upon the work; there should be no feeling that certain things are to be accomplished within a given time; no fear, anxiety, or greed.”

Studies in Tape Reading

“Successful tape reading is a study of force; it requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side.”

Studies in Tape Reading

“The tape is a tyrant.”

Studies in Tape Reading

“The tape reader’s profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears to make a loss.”

Studies in Tape Reading

“When a tape reader has his emotions well in hand, he will play as though the game were dominoes.”

Studies in Tape Reading

“Why was one of these men able to amass a fortune, while the other never acquired more than a few thousand dollars at the same pursuit?”

Studies in Tape Reading

The Richard D. Wyckoff Method of Trading and Investing in Stocks Quotes

“By keeping the stock low and depressed, the large operator discourages other people from buying it and induces more short selling. He may, by various means, spread bearish reports on the stock. All this helps him to buy. When he is thus buying and selling to accumulate, he necessarily causes the price to move up and down, forming the familiar trading ranges, or congestion areas, which appear frequently on figure charts.”

The Richard D. Wyckoff Method of Trading and Investing in Stocks

“The large operator does not, as a rule, go into a campaign unless he sees in prospect a movement of from 10 to 50 points. Livermore once told me he never touched anything unless there were at least 10 points in it according to his calculations.”

The Richard D. Wyckoff Method of Trading and Investing in Stocks

“The preparation of an important move in the market takes a considerable time. A large operator or investor acting singly cannot often, in a single day's session, buy 25,000 to 100,000 shares of stock without putting the price up too much. Instead, he takes days, weeks or months in which to accumulate his line in one or many stocks.”

The Richard D. Wyckoff Method of Trading and Investing in Stocks

“Those who understand it buy only when prices are low with the idea of selling when they are high; and they operate only in the stocks or commodities which they can move best so they may secure the highest possible rate of turnover of inventories.”

The Richard D. Wyckoff Method of Trading and Investing in Stocks

“When a large operator wishes to accumulate a line, he raids the market for that stock, makes it look very weak, and gives it the appearance of heavy liquidation by sending in selling orders through a great number of brokers.”

The Richard D. Wyckoff Method of Trading and Investing in Stocks

“When you have learned to take a wholly impartial viewpoint, unbiased by news, gossip, opinions and your own prejudices, you will realize that the stock market is like any other merchandising business.”

The Richard D. Wyckoff Method of Trading and Investing in Stocks

“You have often noticed that a stock will sell at the highest price for many months on the very day when a stock dividend, or some very bullish news, appears in print. This is not mere accident.

The whole move is manufactured. Its purpose is to make money for inside interests — those who are operating in the stock in a large way. And this can only be done by fooling the public, or by inducing the public to fool themselves.”

The Richard D. Wyckoff Method of Trading and Investing in Stocks

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“I wanted to go into TV and write comedy. I wrote to ABC, NBC and CBS. ABC was interested and said they would get back to me.To get ABC’s attention, I sent a carrier pigeon to inquire about my prospects. They sent back a message on the bird. It said, ‘nothing yet.’”


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