Quotes

10 Best Richard Wyckoff Quotes For Traders

Nick Schmidt

Nick Schmidt is a co-founder of TraderLion and Deepvue with over 10 years of market experience. Adopting a “less is more” philosophy, he focuses on weekly charts with an emphasis on price and volume.

December 23, 2023

2 min read

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Richard Wyckoff, a major figure in early 20th-century finance, transformed how we understand price action and market psychology. He founded the Magazine of Wall Street and developed the famous Wyckoff Method. His insights have guided traders for generations. This blog explores his most meaningful quotes, revealing his deep market knowledge. These quotes provide timeless guidance. Whether you’re an experienced trader or new to the field, Wyckoff’s wisdom will enhance your understanding of the dynamic trading world.

10 Richard Wyckoff quotes for traders and investors.

I have yet to find a man, in or out of Wall Street, who is able to make money in markets continuously or uninterruptedly. Like anyone else, I have good and bad periods.
Richard Wyckoff

Reading all the financial news and evaluating it will avail you nothing. The market may rise on bad news and go down on good news. Then where are you?
Richard Wyckoff

The best inside information is on the tape. I would rather follow its indications than act on a tip from J.P. Morgan himself.
Richard Wyckoff

Never get married to a security.
Richard Wyckoff

A profit is not a profit until it is realized.
Richard Wyckoff

Try and recall all the big losses you ever had. Then remember that every one of them – without exception – could have been avoided if you had been wise enough to accept a small loss when the stock went against you.
Richard Wyckoff

Successful trading depends on a systematic control of losses and the securing of profits in excess of those losses.
Richard Wyckoff

Stock market technique is not an exact science. Stock prices are made by the minds of men.
Richard Wyckoff

The market always tells you what to do. It tells you: Get in. Get out. Move your stop. Close out. Stay neutral. Wait for a better chance. All these things the market is continually impressing upon you, and you must get into the frame of mind where you are in reality taking your orders from the action of the market itself — from the tape.
Richard Wyckoff

Successful tape reading is a study of Force; it requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side.
Richard Wyckoff