Customer Reviews

Stock Market Technique, No. 1 (Fraser Publishing Library)

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This is NOT the book to get familiar with Wyckoff's specific trading techniques. It's a compilation of articles published in a newsletter that emphasise some basic principles of trading (cut your losses, let your profits run, your trading decisions should be based on market action, disregard news, etc.) and promote his other services. The message: if you KNEW how to trade you would make money. You will not find much more help in this regard. A telling example is the discussion of a figure chart of a stock where you are told that there were 10 different buy signals near the bottom and if you had bought the stock there you could have tripled your money. But there's no mention of where these signals occured exactly or what they are.

I've read a lot about Wyckoff's technique from other authors and I know they work. I would still like to read about them from Wyckoff himself. I keep ordering his other books and hope I will find more specific information.

I picked this up last night and finished it today. The first few pages contain a list of Stock Market Maxims. Just getting the book, ripping the maxims out and posting them on your fridge or PC and throwing the book away would be worth 11 bucks. That not withstanding, the short stories in the book are fun to read and very practical in today's market. If you like market books, I am certain you will like this, if you want to increase your investment returns, buy the book and follow the tenants.