Richard Wyckoff noted that small investors often found themselves at a disadvantage and were frequently outmaneuvered in the markets. To address this, he committed himself to educating the average investor about the inner workings of the markets, as exploited by influential players, or the “smart money.” In the 1930s, he established an educational institution, which evolved into the Stock Market Institute. The cornerstone of the curriculum was a course that encapsulated Wyckoff’s strategies for recognizing the patterns of large operators as they accumulated and distributed shares, along with techniques for aligning individual trading strategies with the actions of these market movers. His strategies have stood the test of time, remaining as relevant now as they were when initially
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