David Weis: Biography, Career, and Business Insights

David Weis’s Profile Summary

Company	Self-employed
Position	Trader, Market Analyst, Author.
Source of wealth	Income from book sales (such as Trades About to Happen), consulting and mentorship, technical analysis publications and services.
Also known as	Author, Mentor, Wyckoff Method Specialist.
Years of life	13.07.1942 - 17.12.2020
Education	University of Memphis (formerly Memphis State University) - Bachelor's and Master's degrees in English Literature
Citizenship	United States
Residence	Memphis, Tennessee, USA
Family	No detailed public information available Spouse: Karen F. Weis.
Website, Social Media	https://weisonwyckoff.com/

Biography

David Weis was a renowned trader and market analyst, with over 40 years of experience in the futures markets. Born on July 13, 1942, and passing in 2020, Weis began his career as a broker and analyst at ContiCommodities before becoming one of the leading practitioners of the Wyckoff Method, a technical analysis approach developed by Richard D. Wyckoff. After serving as the Director of Technical Research at ContiCommodities, he went on to edit the Elliott Wave Commodity Letter for Robert Prechter. In 1987, he became self-employed and gained recognition for his innovative charting tools and analysis methods, including his widely respected nightly Stock Market Update. Weis authored several influential works, most notably Trades About To Happen, which modernized the Wyckoff Method for today's markets. His dedication to helping traders better understand price action and volume through the Wyckoff lens, as well as his commitment to mentoring traders worldwide, solidified his legacy as a key figure in technical analysis.

How did David Weis make money?

David Weis makes money in the following areas:

Income from book sales (such as Trades About to Happen), consulting and mentorship, technical analysis publications and services.
What is David Weis net worth?

As of 2026, there is no publicly available and reliable information regarding David Weis’s net worth.

What is David Weis also known as?

David Weis was highly regarded for his authorship in the field of technical analysis, particularly for his work Trades About To Happen, which became a modern guide for applying the Wyckoff Method. Beyond his written contributions, Weis was a dedicated mentor, teaching traders globally how to interpret market movements using his specialized techniques. His deep understanding of the Wyckoff Method made him a trusted voice in technical analysis, and he became known for creating innovative charting tools like the Weis Wave, which helped traders make more informed decisions in intraday and longer-term trades.

Prominent achievements

Authored Trades About To Happen, a modern adaptation of the Wyckoff Method, recognized as a leading practitioner of the Wyckoff trading methodology, created the Weis Wave charting tool, mentored traders globally, developed unique charting tools that continue to influence technical analysis

What are David Weis’s key insights?

David Weis emphasized the importance of understanding the balance between demand and supply in the markets, drawing on the Wyckoff Method. He believed in developing intuitive judgment through continuous study and observation, focusing on the psychological aspects of trading, and using price action and volume behavior as key indicators for market movements

Personal life

There is no publicly available detailed information about David Weis's family.

Useful insights

Advanced investment strategies

For those who have mastered the basics, the next step is exploring advanced investment strategies. These books delve into the complexities of portfolio management and alternative asset classes, offering sophisticated approaches to building wealth.

David Swensen - "Pioneering Portfolio Management"
- Summary:
  
  In this book, Swensen, who successfully managed Yale's endowment fund, outlines his investment philosophy, emphasizing diversification, a long-term perspective, and the inclusion of alternative asset classes such as hedge funds, private equity, and real estate. This approach aims to balance risk and reward to maximize returns for institutional investors.
- Why read it:
  
  Swensen’s methods are widely regarded as groundbreaking and have been adopted by many large institutional investors. His book is essential for anyone looking to build a robust, diversified portfolio with a focus on steady, long-term growth.
Joel Greenblatt - "The Little Book That Still Beats the Market"
- Summary:
  
  Greenblatt presents a simple yet effective formula for investing in value stocks. His "magic formula" identifies companies that are both undervalued and have high earnings yields, providing a clear strategy for beating the market. Greenblatt simplifies complex financial concepts for individual investors, making the book accessible to both beginners and experienced traders.
- Why read it:
  
  Greenblatt’s formula has consistently outperformed the market, making this book a practical guide for investors looking for a straightforward, effective strategy. It’s particularly useful for those who prefer a hands-on approach to stock selection without the need for deep financial expertise.