Wyckoff Quotes

It is time." Bradazak

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

In the hierarchy of moral development, as defined by Lawrence Kohlberg, the lowest level is “following rules only to avoid punishment.” The highest level is “following rules because they are right and good.

You might be urged to say: "Yes, but these are rare examples. The average man or woman never makes a success of day trading by reading moment by moment transactions of the market.

Today, one must dig to uncover the history of Black Fort Greene, whose pioneers seem in danger of being forgotten. Dr. McKinney’s former brownstone at 205 DeKalb Avenue—the site of her thriving medical practice—would be listed for sale in 2016 for nearly $2.7 million, without any mention of its history. Instead, the names of Brooklyn’s slave-holding families dominate the terrain. Boerum Hill (named for Simon Boerum, a man with three slaves). Wyckoff Street (Peter Wyckoff, enslaver of seven). Ditmas Park (four slaves). Luquer Street (thirteen). Van Brunt Street (seven). Cortelyou Road (two). Both Van Dam and Bayard streets are named for the owners of slave ships, while Stuyvesant Heights is named for the man who governed the New Netherland colony of the Dutch West India Company, which shipped tens of thousands of slaves. Even the McKinney school began with a slave-owning name. Back when Dasani’s grandmother was a student, this was still the Sands Junior High School, named for Joshua Sands (enslaver of six) and his brother Comfort Sands (three). None of this is known to Dasani, whose parents only talk about the slavery of their Southern ancestors. The North is where they came to be free.

Avoid being a historian. Leave bad behavior to history and don’t keep bringing it up. If your child makes an error, constantly reminding her of it will only lead to resentment and increase the likelihood of bad behavior.

man or woman seldom makes a success of anything! That is true of trading stocks, business endeavors or even hobbies! Success in day trading usually results from years of painstaking effort and absolute concentration upon the subject. It requires the devotion of one's whole time and attention to - the tape. He should have no other business or profession. "A man cannot serve two masters," and the tape is a tyrant.   One

Years ago, when still a substitute carrier, I noticed a warning sign on an open porch: Beware of Cat! I grinned at the snarling animal etched on the sign as I put mail in the box. Not until I turned to leave did I notice the huge feline watching me from a shadowed corner of the porch. With its back arched, the cat spat at me, showing off gleaming canines. I lunged for the steps, but he caught me halfway down. He clawed his way up my legs and latched onto my mail satchel as I ran for the next house. He finally let go, but then strutted along the perimeter of the yard to ensure I had no plans to return.

In describing a protein it is now common to distinguish the primary, secondary and tertiary structures. The primary structure is simply the order, or sequence, of the amino-acid residues along the polypeptide chains. This was first determined by [Frederick] Sanger using chemical techniques for the protein insulin, and has since been elucidated for a number of peptides and, in part, for one or two other small proteins. The secondary structure is the type of folding, coiling or puckering adopted by the polypeptide chain: the a-helix structure and the pleated sheet are examples. Secondary structure has been assigned in broad outline to a number of librous proteins such as silk, keratin and collagen; but we are ignorant of the nature of the secondary structure of any globular protein. True, there is suggestive evidence, though as yet no proof, that a-helices occur in globular proteins, to an extent which is difficult to gauge quantitatively in any particular case. The tertiary structure is the way in which the folded or coiled polypeptide chains are disposed to form the protein molecule as a three-dimensional object, in space. The chemical and physical properties of a protein cannot be fully interpreted until all three levels of structure are understood, for these properties depend on the spatial relationships between the amino-acids, and these in turn depend on the tertiary and secondary structures as much as on the primary. Only X-ray diffraction methods seem capable, even in principle, of unravelling the tertiary and secondary structures. [Co-author with G. Bodo, H. M. Dintzis, R. G. Parrish, H. Wyckoff, and D. C. Phillips]

Parents must model the kind of behavior they want to teach.

Other common differences* between boys and girls include the following: • Boys prefer to focus on a single task, and they react more aggressively to interruptions. • Girls’ motor activities peak less quickly, are less vigorous, and last longer. • Boys create and play games that fill larger spaces, and they need to be outside more. • Girls’ attention to objects is less fleeting and less active. • Girls rely more on their five senses. • Boys do better with visual information presented to the left eye, which feeds the right hemisphere. • By age five, girls are six months ahead of boys in general development. • Boys who see themselves as physically strong will seek rough and tumble play. • Boys who feel safe and competent will seek independence earlier than girls.

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?

Parents must model the kind of behavior they want to teach. They must also communicate their values in ways that make the values as important for their children as they are for themselves.

Children see the world in concrete terms. When they see that it’s permissible for adults to hit children, they assume it must be permissible for children to hit adults or other children.

Parental behavior must change before their children’s behavior is most likely to change, and parents must become disciplined parents before their children will most likely become self-disciplined.

the tape is a tyrant.

Decide on the specific behavior you would like to change. If you focus on specifics rather than abstracts, you’ll manage better. For example, don’t tell your child to be neat; explain that you want her to pick up her blocks before she goes out to play.

Praise your child’s behavior. Don’t praise your child, but rather praise what she is doing. For example, instead of saying, “You’re a good girl for sitting quietly,” say, “It’s good you’re sitting quietly.” Focus your praise or disapproval on your child’s behavior, because that is what you’re interested in managing.

Spanking and Shouting Are Counterproductive The principles outlined in this book represent what we as parents should do when we’re confronted with our children’s misbehavior. What we often do, however, is shout at or spank our children, especially if we’re tired or distracted or frustrated by their failure to obey us. Shouting and spanking are quite natural responses to misbehavior—especially continued misbehavior—but they’re also quite counterproductive. They never teach appropriate behavior, which is the number one task of parenting. In fact, they teach just the opposite: • How to shout • How to hit • How to be sneaky • How to fear • How to be ashamed • How to take anger out on others All degrees of shouting and spanking—light, moderate, occasional, rarely, always—give children the wrong kind of attention. If it’s the only kind they’re given, they may misbehave just to get noticed. Also, parents don’t always know if spanking works because they don’t actually observe its effect on a child’s behavior over time. Spanking as punishment simply drives bad behavior underground: It stops the behavior from happening in front of parents, but it doesn’t stop it altogether. In fact, children become experts at not getting caught. Parents may even say, “Don’t let me catch you doing that again!

University of Colorado,4 support this truth. She reported that greater maternal warmth is associated with increases in children’s empathy during the second year of life, but children whose mothers control them with anger show decreases in empathy. Without empathy, it’s nearly impossible for children to learn to share toys, play well with others, avoid angry and violent reactions to adversity, and take personal responsibility for their actions.

The element of manipulation need not discourage anyone. Manipulators are giant traders, with deep pockets. The trained ear can detect the steady ‘chomp, chomp’, as they gobble up stocks, and their teeth marks are recognized in the fluctuations and the quantities of stock appearing on the tape. Little traders are at liberty to tiptoe wherever the food trail leads, but they must be careful that the giants do not turn quickly on them.” — Richard Wyckoff in The Day Trader’s Bible

Women also engage in aggression, and their victims are also typically members of their own sex. In studies of verbal aggression through derogation of competitors, for example, women slander the physical appearance of their rivals (Buss & Dedden, 1990; Campbell, 1993, 1999). In the modern world of the internet, women are more likely than men to denigrate and cyber-bully other women by commenting negatively about their physical appearance and promiscuous sexual conduct (Wyckoff et al., in press). The forms of aggression committed by women, however, are typically less violent and hence less risky than those committed by men—facts that are accounted for by the theory of parental investment and sexual selection (see Campbell, 1995). Indeed, selection may operate against women who take the large physical risks entailed by aggression. Evolutionary psychologist Anne Campbell argues that women need to place a higher value on their own lives than do men on theirs, given the fact that infants depend on maternal care more than on paternal care (Campbell, 1999). Women’s evolved psychology, therefore, should reflect greater fearfulness of situations that pose a physical threat of bodily injury—a prediction that is well supported by the empirical findings (Campbell, 1999, 2002).

Richard Wyckoff and Stan Weinstein.

The Spring event describes a bearish movement that breaks a previous support area and whose purpose is to carry out a transfer of shares from the weak hands (traders potentially manipulable due to their ignorance of the functioning of the market and because they trade based on their emotions) to the strong hands (large traders).

Las campañas alcistas se inician en la oscuridad y finalizan en la gloria.

Richard Wyckoff himself who famously said : “….trading and investing is like any other pursuit—the longer you stay at it the more technique you acquire, and anybody who thinks he knows of a short cut that will not involve “sweat of the brow” is sadly mistaken

El método Wyckoff pertenece al segundo grupo, las reactivas, ya que su propósito no es anticipar nada sino, lisa y llanamente, esperar a que suceda algo y luego posicionarse.

las tres leyes del mercado (ley de oferta y demanda, causa y efecto y esfuerzo Vs resultado)

Memorias de un operador de acciones, el libro de Lefvre

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

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.

Las leyes fundamentales del mercado son tres. La primera es la ley de la oferta y la demanda, que nos explica que el precio sube, o bien por aumento de la demanda o bien por ausencia de la oferta, y que el precio baja, o bien por aumento de la oferta o bien por ausencia de la demanda.

Wyckoff course,” as it is known, has preserved Wyckoff's place in the pantheon of market masters. Thousands of traders and investors have taken the course, which is still offered today by the Stock Market Institute in Phoenix, Arizona.

And when, as I have told you in the first volume of this series, entitled “Bob Dexter and the Club House Mystery,” the youth solved the secret of the Golden Eagle, well, then Uncle Joel “drew in his horns,” as his wife said, and Bob “detected” to his heart’s content. The Golden Eagle was the mascot of the Boys’ Athletic Club,

When the taxi started back uptown the boys stood uncertainly for a moment on the sidewalk. Chatham Square was a junction point of several streets and alleys, all radiating out from its open

He was even whistling a hootchy-kootchy tune!” Cam said. “Like—Arab music!” Curtin stood up. “You followed him home. Where?

Espanta pensar que la práctica del público sea recoger un beneficio de dos o tres puntos, pero dejar que las pérdidas alcancen los diez o quince puntos, y en algunas ocasiones incluso cincuenta o cien. Esto significa que el público aplica al revés el principio básico de Wall Street que dice: corta las pérdidas y deja correr las ganancias.

¿Cómo podríamos definir el concepto de pool? Dow (Nelson, 1902) dijo que un pool es, básicamente, un profesional o grupo de profesionales que, tras valorar que una acción está demasiado barata (en principio, sus métodos de valoración no son relevantes para nosotros), deciden, de forma más o menos coordinada, empezar a comprar acciones de dicha compañía. Al mismo tiempo merodean otros profesionales, que al conocer sus técnicas de actuación se unen a ese interés comprador, intensificando así el grado de manipulación sobre el precio del activo. El inversor amateur, víctima del pánico que acompaña a los mercados bajistas, y alentado por las malas noticias de los medios de comunicación, se ve impulsado a vender sus activos, con lo que se convierte, sin ser consciente de ello, en la contrapartida del pool profesional, que es quien adquiere poco a poco todos los activos, en una fase que denominada “de acumulación”. Cuando el interés vendedor ha remitido, todo el stock está en poder del pool. Sin presión vendedora, el precio no puede hacer otra cosa nada más que subir, lo que le proporciona al profesional sus primeros beneficios. Pasado un tiempo, cuando el miedo se empieza a diluir y el gran público vuelve a interesarse por la inversión en Bolsa, viene la fase “de participación”. Los inversores mejor informados, que son capaces de detectar la acción profesional de forma prematura, aún podrán sacar algo de tajada de las subidas de los precios; el resto, la gran masa de inversores desinformados, entrarán al juego demasiado tarde. Entonces será el mismo profesional que compró en los mínimos quien le transmita sus propios títulos al amateur, en un proceso que denominamos “de distribución” y que culminará, tarde o temprano, en un desplome de las cotizaciones, justo en el preciso momento en que el interés comprador haya desaparecido por completo. Esto dejará encerrados a todos aquellos operadores que entraron en la cima con la esperanza de que la fiesta alcista no tendría final.

Shouting and spanking are quite natural responses to misbehavior—especially continued misbehavior—but they’re also quite counterproductive. They never teach appropriate behavior, which is the number one task of parenting. In fact, they teach just the opposite: • How to shout • How to hit • How to be sneaky • How to fear • How to be ashamed • How to take anger out on others

The primary message given when parents shout or spank is that adults are bigger, stronger, and more powerful than children and can inflict fear and pain if displeased. The resulting sense of being a victim and being powerless in the face of greater size and strength creates fear and anxiety in children, and ultimately the desire to use violence themselves when upset. No positive consequences result from spanking. In fact, the link between the victimization of children and their subsequent anger-management problems, as discussed in the work of Jay Barrish and others,2 further underscores the argument for creating a zero-tolerance policy regarding spanking in your home, at daycare, in preschool, and in other settings. However, creating a zero-tolerance policy should not result in criminal penalties for spanking. Instead, this policy should be a statement of your own beliefs that discipline should be a teaching system that builds appropriate behavior.

The interviews revealed that children who are frequently abused, threatened with abuse, or who witness others being abused are at very high risk for learning that violence is a way to solve problems, get what they want, or protect

When we react with anger to children’s behavior, we teach them to act without considering another person’s feelings—a consequence we need to avoid.

children whose mothers control them with anger show decreases in empathy. Without empathy, it’s nearly impossible for children to learn to share toys, play well with others, avoid angry and violent reactions to adversity, and take personal responsibility for their actions.

Becoming a mother or father is so much more than giving birth to a child. It’s a developmental process that continues for the rest of a parent’s life.

children whose mothers control them with anger show decreases in empathy. Without empathy, it’s nearly impossible for children to learn to share toys, play well with others, avoid

I’m sorry you chose to do that...,” you’re showing your child that you care about his feelings and have empathy for his being in the “hot seat.