How I Trade and Invest in Stocks and Bonds : Being Some Methods Evolved and Adopted, During My Thirty-Three Years' Experience in Wall Street

Renowned stock and bond trader Richard D. Wyckoff explains the philosophy and techniques he used to successfully trade on the markets.

Using many examples from his life, the author explores how to find value investments, how to evaluate market sentiment, and how to pick stocks from an investing – long term – perspective and a shorter term, trading perspective. This book is imbued with decades of experience, Richard Wyckoff being a Wall Street figure of substantial renown who associated with Jesse L. Livermore and other famous figures of the 1920s boom era.

Wyckoff’s portfolio expertise was in mining, railroads and the then-emergent automotive sector. His ideas on following the market remain current to this day; the psychology of those who trade, and the influence that rumor or mood on a giving trading day carry, are a frequent theme. Wyckoff encourages the reader to investigate not merely the published fundamentals of a company, but the integrity and past records of those heading a given company; thus an estimate of value is truer to reality, and whether a stock is a reasonably priced bargain or not is determined with greater accuracy.