In order to create a standing, or stationary wave you have to cause an oscillation at a constant frequency at a multiple of the resonant frequency of the medium, this constant frequency is how the stationary wave is created. if a wave is sent down a string, then another sent down the other side of the string out of phase with the first, then when they overlapped, you would see no wave in the string because they are out of phase and therefore cancel each other off. The time it takes for the pulsed wave to move along the string is the resonant frequency of the string. When the string oscillates at a multiple of its resonant frequency, then the reflected waves match up with the emitted waves which causes the amplitudes to positively add which is what causes the antinodes, or peaks in the wave. The nodes are not actually points where the emitted wave cancels with the reflected wave, but rather the points where both waves have an amplitude of zero, and since 0+0=0, then the amplitude at the nodes is zero.