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Richard D. Wyckoff

Autore di How I Trade and Invest in Stocks and Bonds

15 opere 85 membri 3 recensioni

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Opere di Richard D. Wyckoff

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History of Financial Advice Collection. The Ticker magazine was established in 1907 by the financial journalist Richard Wyckoff (writing under the pen name “Rollo Tape”). Wyckoff was closely connected to other early exponents of chart theory, such as Roger Babson and Samuel Nelson, and (like Babson) his techniques continue to be influential among day-traders in the present. The Ticker (the forerunner of the Magazine of Wall Street) was aimed at the self-taught speculator of modest means and was designed to promote the new discipline of technical analysis, which involved studying the ticker tape and creating charts to detect underlying patterns that might not be visible to the casual observer of price fluctuations in the stock market. In Studies in Tape Reading, Wyckoff used choice extracts from the Ticker to produce a book-length, composite theory of tape reading and chart analysis, which had been set out piecemeal in the magazine. The book is full of encouraging advice for the amateur speculator, such as the qualities of concentration needed by this new breed of scientific speculator. Speculative finance in the work of Wyckoff and other popularizers of technical analysis is legitimized, because it no longer seems to involve succumbing to animal spirits or to a sinful desire to get something for nothing. Instead, the speculator figures as the epitome of cool, detached manliness, influenced by no one, embodying a rational subjectivity. The ideal speculator delineated by these guides is always a man. Wyckoff’s later How I Trade and Invest in Stocks and Bonds (1922) is also included below.… (altro)
 
Segnalato
LibraryofMistakes | Apr 4, 2018 |
History of Financial Advice Collection. Written under the pseudonym “Rollo Tape”, Richard D. Wyckoff’s Studies in Tape Reading (1910, included in the previous section) had done much to popularize the practice of intently watching—and attempting to predict—price changes as they appeared on the ticker tape. By the time of 1925’s How I Trade and Invest in Stocks and Bonds, however, Wyckoff had come to extol the virtues of charting (plotting price changes on a chart) because of the distance, objectivity, and attention to “the facts” that it encouraged, compared to the stupefied over-proximity to the market displayed by many of “the people who … hang over the ticker.” As Leon Wansleben has suggested, a shift away from tape reading (immersive, intuitive, mediumistic) and towards chart reading (detached, reflective, fully analytical) was part of technical analysis’ attempt to place itself on a more recognizably “rational” or “scientific” footing in the 1920s and ’30s.… (altro)
 
Segnalato
LibraryofMistakes | Mar 6, 2018 |
'The material presented here first appeared as a continuing series of articles in the Magazine of Wall Street.' - Preface
 
Segnalato
LibraryofMistakes | Mar 11, 2014 |

Statistiche

Opere
15
Utenti
85
Popolarità
#214,931
Voto
4.0
Recensioni
3
ISBN
23
Lingue
1

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