I wouldn't bother with a truing stand to true wheels a time or two. Use the brake pad method. Tighten the brakes down with the barrel adjuster until it starts to rub. Then true the offending area. Tighten the brakes down again. repeat.

If you take the tire off it is easier to see what you are doing. You can also check radial runout by simply using a straightedge across the chainstays or fork.