Wyckoff once explained the characteristics you need to have to become a great trader. You must perfect yourself in clear thinking, quickness, and accuracy of judgments. Richard Wyckoff concluded that the losers are principally those who trade on what they hear, as well as those who work on facts or what they think are facts. The most successful class of traders are those who work on Supply and Demand or simply, read the charts.
I could go on for hours and hours explaining trading ranges with volume, but I hope I made it clear and straightforward.
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