Definition of Active Trading

Active trading is the act of buying and selling securities based on short-term movements with the goal of making a quick profit. This is in contrast to passive investing where the approach is to buy and hold over the long term. Traders often use a multitude of tools...

Richard Demille Wyckoff (November 2, 1873 – March 19, 1934) was a prominent stock market analyst and trader. He is best known for his contributions to technical analysis and his development of the Wyckoff Method, a widely followed approach to trading and investing.

Early Life and Education

Richard Demille Wyckoff was born on November 2, 1873, in rural Michigan, United States. He developed a strong interest in the financial markets from a young age and began working as a stockbroker in his early years. Wyckoff gained practical experience and knowledge by closely observing the...