Michael Schweighardt
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The Composite Man is a single, highly skilled entity with a clear strategy who:
- Accumulates stocks at low prices (buying when others are selling, often during periods of fear or capitulation).
- Distributes stocks at high prices (selling when others are buying, often during periods of euphoria or greed).
- Creates trends, tests supply and demand, and engineers conditions to profit from both retail traders and less-informed participants.
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Pedagogy, most commonly understood as the approach to teaching, is the theory and practice of learning, and how this process influences, and is influenced by, the social, political, and psychological development of learners.
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The "Titans" of Technical Analysis
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Charles Dow:
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Pioneered the Dow Theory, the foundation of technical analysis.
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Late 19th-century journalist and co-founder of Dow Jones & Company.
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Identified primary, secondary, and minor trends; emphasized price reflecting all info.
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Ideas from Wall Street Journal editorials, not a single book.
- Key for spotting market direction via trend confirmation
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Pioneered the Dow Theory, the foundation of technical analysis.
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Ralph Nelson Elliott:
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Developed Elliott Wave Theory in the 1930s, focusing on market psychology.
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Former accountant who saw repetitive wave patterns in price movements.
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Five-wave trends, three-wave corrections, fractal in structure.
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Complex and subjective, loved for capturing human sentiment.
- Ideal for traders attuned to emotional market cycles
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Developed Elliott Wave Theory in the 1930s, focusing on market psychology.
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W.D. Gann:
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Early 20th-century trader blending math, geometry, and mysticism.
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Created Gann Angles and Square of Nine for price-time predictions.
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Linked market moves to natural laws and celestial events.
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Polarizing—some praise his precision, others find it arcane.
- Known for time cycles and key level analysis.
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Early 20th-century trader blending math, geometry, and mysticism.
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Richard Wyckoff:
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Early 1900s stockbroker decoding “smart money” moves.
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Wyckoff Method tracks accumulation/distribution via price and volume.
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Focused on market structure and institutional intent, not indicators.
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Urged traders to think like the “composite man” behind the charts.
- Prized for practical, tape-reading skills.
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Early 1900s stockbroker decoding “smart money” moves.
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John Bollinger:
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Introduced Bollinger Bands in the 1980s, a volatility-based tool.
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Financial analyst turned trader; still active today.
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Bands use two standard deviations around a moving average.
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Simple, effective for breakouts and reversals.
- Keeps relevance in modern, algo-driven markets.
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Introduced Bollinger Bands in the 1980s, a volatility-based tool.
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Arthur Merrill:
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Mid-20th-century statistician/engineer turned analyst.
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Identified 32 chart patterns (M1-M16, W1-W16) for reversals/continuations.
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Built on Dow’s ideas with statistical rigor; wrote Behavior of Prices on Wall Street.
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Focused on observable, repeatable price formations.
- Bridges charting and quantitative analysis; patterns still watched today.
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Mid-20th-century statistician/engineer turned analyst.
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Charles Dow:
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People ask me about getting into day trading. I've thought a lot about the answer.
I'd recommend these three concepts / ideas / subjects to learn and get it over with. It's boring, but necessary. It's not as boring after you learn it, but it's tough to grasp in the beginning.
- The Wyckoff Method
- Elliott Wave Theory
- A Complete Guide To Volume Price Analysis by Anna Coulling
BEFORE reading those three....
be sure to read "How to Day Trade for a Living" by Andrew Aziz! -
Still studying this stuff. Aspiring to be as proficient in this stuff as @JaradBBT 😂
i got lot's of years to go to be like @JaradBBT 🤣
Anyway, so..... you can use the Elliott Wave to confirm Wyckoff events. To make sure you're looking in the right place. It's like a confirmation.
That's it. They work together. It's best to learn both and use both concepts / theories with each other.
It really helped me to understand where we are at when looking at a new stock for the first time. To be able to tell where in the cycle we are and make decisions on how to proceed from there. It helps to figure out what phase we're in.
Also, it's not terribly hard to learn. It was a lot easier than i thought it would be. It's not overly complicated. a little bit, but mostly simple after you understand a few concepts. definitely not as hard as i had originally anticipated. i'm still finishing up learning about it, but i already have the main ideas and concepts figured out in my brain 🧠.
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West Covina (Pasadena, Pomona)
Michael Schweighardt replied to Michael Schweighardt's topic in BBT - SoCal Traders's Topics
Trying to keep this post alive and relevant and at the top. Hoping to attract locals I can meet up with and talk shop. With that in mind, I thought about just popping in here and posting about what I am currently studying. I'm studying The Wyckoff Method and Elliott wave principle (aka Elliott wave theory). -
West Covina (Pasadena, Pomona)
Michael Schweighardt replied to Michael Schweighardt's topic in BBT - SoCal Traders's Topics
“Sheer will and determination is no substitute for something that actually works.” - Jason Klatt 📈 📊 🔄 💱 💹 🤝 💲 🔁 💸 📉 💰 💎 -
Hello traders, I'm looking for a trading buddy or group. We can create it or join an already existing one. I'd like to review my trade book. Talk shop. Go over trades, strategy and discuss. Do some education courses together. I've been trading for almost a year. I use DAS and IBKR. I'm in West Covina. I prefer to meet in person if we're local to each other. I can get a study room for us at a library or Mt.SAC. Hope to hear from you! 🙂 SEO: Valinda, Baldwin Park, West Puente Valley, Covina, La Puente, Avocado Heights, Citrus, South San Jose Hills, Azusa, El Monte, Walnut, Duarte, Hacienda Heights, Charter Oak, Glendora, Southern California, Los Angeles
