Richard Wyckoff

Richard Wyckoff

Formal First Name
1873 - 1934

Richard Wyckoff was a pioneer in studying the stock market using technical analysis in the early 20th-century. Considered as one of the "titans of technical analysis," Wyckoff developed a chart-based method, known as the Wyckoff Method, that judges the market by its own action, allowing practitioners to track and trade in alignment with institutional money flow. His revolutionary approach to technical analysis has survived into the modern era, guiding traders and investors on the best ways to pick winning stocks, the most favorable times to buy them, and the most effective risk management techniques. Wyckoff dedicated his life to instructing and advising young investors on the trading rules they should follow to achieve success in the stock market, which he termed as the "real rules of the game". He also founded and, for nearly two decades wrote, and edited The Magazine of Wall Street, which, at one point, had more than 200,000 subscribers.


  • Wyckoff was an avid student of the markets, as well as an active tape reader and trader.

  • Later in his career, Wyckoff devoted his attention and passion to education, teaching, and publishing exposes.

  • He is considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott and Merrill.

  • He also founded a school which later became the Stock Market Institute.


  • It is a technical analysis approach that can help investors decide what stocks to buy and when to buy them.

  • The Wyckoff market cycle reflects Wyckoff’s theory of what drives a stock’s price movement.

  • The four phases of the market cycle are accumulation, markup, distribution, and markdown.

  • According to Wyckoff’s rules, a price trend never repeats itself exactly and trends must be studied in context with past behavior.


  1. Determine the present position and probable future trend of the market

  2. Select stocks in harmony with the trend. In an uptrend, select stocks that are stronger than the market

  3. Select stocks with a "cause" that equals to exceeds the minimum objective

  4. Determine the stocks' readiness to move

  5. Time your commitment with a turn in the stock market index