Stocks & Commodities V. 34:05 (28–31): Richard Demille Wyckoff Part 2 by Stella Osoba, CMT

Richard Demille Wyckoff Part 2 by Stella Osoba, CMT

There are no shortcuts to becoming a successful trader. In this second of a five-part series about Richard D. Wyckoff, we look at how persistence and determination played a role in his trading career.

If Richard Wyckoff were to return to Wall Street today, there is much that would disorientate him. Even though many of the buildings still sit in majestic silence, there is much that has changed that would serve to disorient our visitor from another age. But if Wyckoff were to maintain a state of equanimity and remain with us for perhaps a decent amount of time, while observing the goings-on in our modern financial world of which Wall Street remains its most potent symbol, he would perhaps soon come to the realization that the one thing that has not changed is the characteristics of the people who populate the financial markets...