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Charlie "Lucky" Luciano

"The story is told that after he had been deported to Italy, Infamous New York City gangster Lucky Luciano granted an interview in which he described a visit to the floor of the New York Stock Exchange. When the operations of floor specialists had been explained to him, he said, 'A terrible thing happened. I realized I'd joined the wrong mob"

Richard D Wyckoff

Richard D. Wyckoff was born in 1873, and at the age of 15-years old, became a stock runner, scurrying back and forth on Wall Street. At age 25, he opened his own brokerage office which gave him close contact with a number of the most important and influential traders Wall Street has ever seen. He studied the market operations of Jay Gould, Jesse Livermore, J.P. Morgan, Andrew Carnegie, along with many others, all in an effort to develop his own approach to the market. These were men who studied the market, understood how and why it moved, and profited from it.

Wyckoff's skills grew as he developed a deep understanding of what really makes the market, or a stock, move.

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The Methodology

Richard D. Wyckoff was a successful stock trader from the early 1900's. Through conversations, interviews and research of the successful traders of his time, Wyckoff augmented and documented the methodology he traded and taught. Wyckoff worked with and studied them all, himself, Jessie Livermore, E. H. Harriman, James R. Keene, Otto Kahn, J. P Morgan, W. D. Gann, and many other large operators of the day. His thought was that you must develop the ability to translate price action, and the volume that drives that action, into trading opportunities. His principles have withstood the test of time.

Wyckoff's research claimed many common characteristics among the greatest winning stocks and market campaigners of the time. He analyzed these market operators and their operations, and determined where risk and reward were optimal for trading. He emphasized the placement of stop-losses at all times, the importance of controlling the risk of any particular trade, and he demonstrated techniques used to campaign within the large trend (bullish and bearish). The Wyckoff technique may provide some insight as to how and why professional interests buy and sell securities, while evolving and scaling their market campaigns with concepts such as the "Composite Operator".

The "Composite Operator" is more commonly referred to as the "Smart Money" professional trading syndicates. These syndicates manipulate the markets and ensure the the huge majority of retail traders are on the losing side of the market.

For more details see www.marketmanipulation.com

In the 1950's and 60's Tom Williams, a successful Syndicate Trader in Beverly Hills California extensively used the Wyckoff methodology in his syndicate. Over two decades he built on the methodology and brought it inot the 20th Century.

When he retired from professional trading in the 70's, Tom Williams computerised his methodology and named in Volume Spread Anaylsis. Tom is now Honorary Chariman of TradeGuider Systems which offers access to the VSA methodology - often referred to as "Wyckoff on Steroids" in a number of ways.