Wyckoff Day Trading Bible [upd] -

Before you open a single trade, you must memorize the five fundamental laws of the Wyckoff Bible. Violate these, and you lose money.

Disclaimer: This article is for educational purposes only. Trading stocks and options involves risk. Past Wyckoff patterns do not guarantee future results. Always use a stop loss. Wyckoff Day Trading Bible

The strongest stocks lead the market. In day trading, the Wyckoff Bible instructs you to compare the stock to the SPY or QQQ. If the market is pulling back but your stock is holding a tight range (Relative Strength), the Composite Operator is accumulating it. Before you open a single trade, you must

Your job as a day trader is to identify which phase the market is in and align your trades with the Composite Operator. If you are buying when the Operator is distributing (selling), you are on the wrong side of the trade. This is the essence of Wyckoff: Trading stocks and options involves risk

: Identify the "footprints" of this big player on your charts to align your trades with their moves. 2. The Three Fundamental Laws