@marketscoach: Richard Wyckoff ran one of the biggest brokerages on Wall Street in 1910, so he could see the order flow of everyone who was right. He turned it into three stages. Accumulation: size gets filled quietly while the chart does nothing. Markup: the rumour gets out and new money drives it up. Distribution: the first group hands its stock to the second. Here is the psychology. Stage three feels identical to stage two from the inside. Price rising, news good, everyone agreeing. What changed is who is on the other side of your order. So which stage were you standing in the last time you felt certain? =========== @marketscoach 👈🏻 Follow =========== #tradingpsychology #tradingstrategies #marketscoach #davidpaul #guylevy