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

Easy to read and insightful. Some of the material subject, industries of that time, is dated but the lessons learned from them are timeless. The greatest of all his lessons; never, never stop learning.

This little classic has great advice in it even though it was written over 80 years ago. It discusses the importance of risk management when trading stocks and how different investing is to trading stocks. The author gives the excellent advice to never average down in price after the first purchase of a stock for trading.(This has saved me a lot of money). I found it very interesting that on one page he claimed that he could trade stocks succesfully if he was away from Wall Street and just received cables of a stocks daily range of prices and closing price while traveling. He claimed that was all the information needed to make trading decisions. He said that it was better to be away from Wall Street and the ticker and rumors. Strangely enough 40 years after he wrote this Nicolas Darvas did exactly that and made $2.5 million trading stocks using cables while traveling the world. This is a great book for beginners.

It is a great idea to read the words of a true trader or better say investor . I do not like to give details of the content because you can look for them yourself. But you will not regret this choice if you are smart.

The gems in this book are a little too few and far between. More of a narrative than a how-to. Would've preferred more in-depth discussion on a few of the principles rather than the story-telling that goes on repeatedly.

Virtually everything written after Livermore and Wyckoff are variations on themes developed by these two men. Wyckoff was among the first to explain the accumulation-distribution cycle (which makes stock and market timing possible) and to develop the use of "surrogates", self-made indexes which consist of a handful of leading stocks in a group (such as semiconductors), which warn the investor of impending moves, and which enable the investor to filter out all the noise of broadcasters, publishers, newsletters, message boards, and chat rooms. Understand Wyckoff and you'll understand the engine that drives stocks and markets rather than be distracted by the genuine imitation wood trim and the smell of the leather seats.

very good

This book was written many years ago, but I believe the principles hold true as much today as when it was written. Very good basic patterns and common sense trading.

Has good rules concerning investing in general, but it lacks the specifics. I personally do not like much Mr Wyckoff's writting, tends to make me fell as I am going in circles. For beginners.

Really cool little book, lots of useful information for technical traders but fundamentals guys would likely benefit even more by reading this.

Excelente livro

Classic piece of literature perhaps slightly outdated in todays hft world.

c

i read about the wyckof method in a business insider article and i bought the book based on that. as a trader and investor for 8 years i found information in it that made it worth the price.