My Secrets of Day Trading in Stocks

This book was written sometime ago but the message is still valuable. Mr. Richard Wyckokk has created a true masterpiece. 😁

identical to above book, no need for both

Just like Jesse Livermore, Richard Wyckoff has an understanding of the market that goes much deeper than even your "above average" investor. I find this book to be a well laid out account of the do's and don'ts that will put anyone on a surer path to a successful career as a day trader.

worthwhile reading

good

This book is mistitled and misrepresented (in terms of the year of publication). The book should be called “Tape Reading secrets from 1900’s”. There is absolutely nothing on the cover of the book, back of the book, synopsis, or the year of publishing to indicate that this is someone who wrote it, as I am quoting the last page of the book: “Richard D. Wyckoff New York, 1919”, way back in the day. It is absolutely useless to you if you are buying this in order to Day Trade today (by today I mean 2017 and later).I feel like a complete idiot to have bought this book, and to have wasted time reading it.Buy it only if you want to know how trading was done in the 1900’s. And even then, plenty of moments where it contradicts the meaning behind the term “Day Trading”. Here, page 12, first paragraph: “A pure tape reading day trader does not care to carry stocks over night.” The whole strategy of a day trader is to play the market and not actually stay with a position, or have no positions by market close.There are many unusual metaphors to stocks that might have made sense then, but don’t anymore, like this - page 14, paragraph 3: “The Scalper is a car without shocks, bouncing over every little bump in the road with rattling windows, a rickety motion and a strong tendency to swerve into oncoming traffic.”No help to you today because – page 21, paragraph 3: “Have you $1,000 or more that you can afford to lose in an effort to demonstrate your ability at day trading?” You need $25,000 or more in an account and that account has to be marginalized for you to Day trade in the US Markets.I thought maybe this book just starts off showing how it was in the early 1900’s and what is still true today and how it may help the modern investor today, but no, it kept on staying in the 1900’s, like so:Page 30: “…take the market in the early fall of 1907: Union Pacific was the leader …”Page 35-36: “Erie may come out of its rut (as it did during the summer of 1907, when it was selling around 24).”Page 74: “On Saturday morning, February 27, 1909…”Page 83: “Another instance: Reading sold on January 4,1909, at 144 3/8.”Page 94: “Take Beet Sugar on March 26, 1909, the day…”Page 112: “Another case was when Steel broke from 58 ¾ (November, 1908)…”Page 141: “…compare these principles in their adaptation to the stock market of 1916.”There are a number of pages filled with Tape numbers as they would have come out on a ticker tape back when they existed.Do you want to know how to actually Day Trade? Get a level 2 broker like Pro Trader, or Lightspeed Trader, Stock picking software or screener like Trade Ideas Pro, News feed alerts like Benzinga Pro (you are shelling out $400/month right there not including commission costs), hold a position for fraction of a second to a few minutes, and then maybe you might make or lose money. Most of the trades are done by a computer, especially the micro transactions (computer is quicker on the trigger that you), that’s who your opponent is. Otherwise be long investor and buy stocks after a crash or on very cheap.Congratulations, you now know more about Day Trading than if you were to read this amazing book…from 1900’s.

Man, I thought I was buying a day trader's secret to day trading. Not until I received the book was that information was irrelevant and I was only on page 1. The book states that it is published in 2014. It maybe true but the stock information is for 100 years ago.

I have read my share of trading books and there are some great ones, some classic ones, and some lousy ones. This one fits right in the middle only because there are a few great ideas and it's a short book so the payoff is great. I really like Wyckoff's mixture of technical and emotional (intuitive would be a better word). It's a classic, it should be read, there are free versions on the web, and lastly it's a small investment in time.

I don't know if this book was put out by Richard D. Wyckoff in his lifetime or whether it is the brainchild of someone wishing to cash-in on Wyckoff's reputation. Whatever its origins, this is "Studies In Tape Reading" with a couple of chapters missing - the chapter numbering sequence shows missing chapters - and a very few minor textual amendments. If you want to read Wyckoff's full work then get "Studies In Tape Reading" either in the Kindle version or the very nice new edition put out by Cosimo Classics. I have both. This book is simply a waste of money. Please let my experience guide you.

What a con. This is Wyckoffs "Studies in Tape Reading", word for word just rebadged with a different title.Other than that i suggest you read anything you can get your hands on by Wyckoff a lot of which is free on the internet in pdf format.

I think the book was written when computer was not discovered. There is nothing important for day trader in 2018.

Amazing book for knowledge if it's 1920 but if you are in 2019 , trust me it's better to give the money to someone in need rather than buy this book

Nice one. Would recommend. Nice one. Would recommend. Nice one. Would recommend Nice one. Would recommend Nice one. Would recommend. Nice one. Would recommend. Read it