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/biz/ - Business & Finance

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10548195 No.10548195 [Reply] [Original]

I spend some months in research, and I didn't uncover anything exciting that I have not shilled before. But what I did discover (along with many) was mah man Richard D. Wyckoff. Who goes into length describing how retail investors can identify large market operators setting themselves into positions before taking money from amateur retail investors. This brings me to the point that people or institutions like Barry Silbert, Novogratz, Wallstreet, Coinbase, Panterra, Grayscale and any other VC's out there are not DEFINITELY our friends here. People hail them as larger than life entities who are here to save Crypto. yet these will be making money through influence, FUD and market making rather than bringing in clients. They do not have the best interest in mind for Crypto, they have the best interest in mind for themselves and their investors. The only way to make money besides them is being able to identify their patterns. Or having more money (Billions) and beating them.

> Mr. Wyckoff saw retail investors getting fleeced repeatedly, and dedicated himself to instructing the public about “the real rules of the game” as played by the large interests, or “smart money,” behind the scenes. In the 1930s he founded a school, which later became the Stock Market Institute. The school's central offering was a course integrating the concepts that Wyckoff had learned about how to identify large operators' accumulation and distribution of stock, and how to take positions in harmony with these big players. His time-tested insights are as valid today as when they were first articulated.

> https://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method

Take some time of this weekend and familiarize yourself with this.
Because if you don't, you're just another retail investor getting fleeced.

> https://twitter.com/Jim_Preissler/status/1025468572468998144

Point in case.
Do what you want with this knowledge.
I'll sage it once.

>> No.10548212

so why didbt he become the richest man in history if he had a foolproof method to beat the system

>> No.10548222

so many newfags

sage

>> No.10548243
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10548243

>>10548212

I do figure that his net worth adjusted by inflation was into hundred millions.
It's not like this is a cheat code for money, you still can fuck it up.

>>10548222

Me? Been around before /biz/ was created. But generally a absolutely garbage trader.
And I am trying to improve that, help some people on the way there..perhaps.

>> No.10548278
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10548278

VCs don't buy on the open market you brainlet, they do these deals way WAY before any of that and behind closed doors

>> No.10548294
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10548294

>>10548278

> what are dark pools

I know this anon, but they still have to take profit. And wouldn't it be perfect if they can manipulate an absolutely unregulated market to get back in around the same price they got in the previous cycle? They obviously can do this, and undoubtedly are. By studying the phases between the cycles you can identify in which period these operators are. Perhaps not perfectly, but enough to make more money than just trading on sentiment and your own gut feeling.

>> No.10548336

>>10548278

And sure, they are not buying on Coinbase or Binance. But supply and demand mechanics do not change. They are not pulling more Bitcoins out of thin air, and these large operators are not making money by constantly shoving around Bitcorns between each other within dark pools. They need retail investors and traders who have less money than them and do not understand the market dynamics created by them. It would be a zero sum game if it wasn't like this. And this does show up on the charts, because you cannot distribute and take profits without touching the open market. Not when this many people are involved.

>> No.10548434

This rem8nda me of the brothers who investe in the lowest volotility stocks and turned 100k in to 10 million.

>> No.10548518
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10548518

>>10548434

Yep, from what I have gathered so far from mah man Wyckoff, the low volatility phase is pre-accumulation phase. Your friend got lucky tho since it may just be a completely dead phase. Once volatility sets in and the stock starts to look "attractive", its often large operators advertising their stock to the general population of brainlet traders who now see it as a sexy asset they need to have in their portfolio. *cough*...Ethereum Classic.

So be absolutely fucking wary of what the media, VC's, Exchanges and billion dollar hot shots are trying to shove down your throat.
Get in stuff that is not being shilled to the max, wait until it gets shilled to the max and Wyckoff your way out of there.

>> No.10548669
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10548669

Sage

>> No.10548740

This is interesting. Thanks, op!