Richard Demille Wyckoff (1873 –1934) has been described as one of the five “titans” of technical analysis, along with Gann, Dow, Merrill, and Elliott. In the late 1800s, while still a teenager, he worked as a stock runner for a New York City brokerage. He was a hard worker and an astute student of the markets: by his mid-twenties, he had become the head of his own brokerage. As a broker he was in a position to observe the market campaigns of legendary traders of the early 20th Century, such as Jesse Livermore, James R. Keene and J.P. Morgan. Wyckoff was an avid tape reader and trader as well, and he learned from his observations and interviews with large operators how to interpret their future intentions through the use of price as well as point-and-figure charts. This knowledge provided the foundation for “The Magazine of Wall Street,” which he founded and edited for more than 20 years, at one point having a readership of more than 200,000!
Mr. Wyckoff saw members of the public repeatedly lose millions of dollars in the markets, and developed a course to teach retail investors "the real rules of the game" played by the large operators. Wyckoff’s course provides extensive guidance on how to read charts to identify institutional and professional traders’ accumulation and distribution of stock, and how to take positions in alignment with the big players. This course translates his insights into principles and techniques of trading methodology, money management and emotional discipline. This course became the principal offering of a school that he founded in the 1930s; this school later became the Stock Market Institute. Many professional traders rely on Wyckoff’s approach to the markets -- his timeless techniques are as valid today as when they were first developed.