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You need to look at the orderflow.

Tape reading has been around since the 1900's and there is no way to "teach" it.

In my humble opinion you would need one hell of a memory in order to use just the tape. I believe what tape readers are looking for is where price is sticking (support/resistance) and when volume on the buy or sell side comes in (volume imbalance). An example might be if you are seeing buy...

I use a Sprint 4G modem and a "fallover" backup using an ATT hotspot. I have a Wilson Amp's "WeBoost" that boosts the signal from one bar to full bars inside the house. I have the WeBoost antenna up on a 30' pole. Sprint is expensive (112 bucks a month for 40gb) but it is the only service...

It would take about 10 minutes to see the sites here. :D The Tennessee walking horse is trained to have a very steady gait so the rider experiences a smooth ride. I am NOT A FAN of the industry and how they train their horses but they are here. Make fun of it all you want but I love it here...

Wonder how the internet is in Mongolia?

I moved to Tennessee from New York State years ago. There is no income tax or capital gains tax in Tennessee although there is currently an income tax on dividend and interest income called the "Hall tax". They are working on repealing the Hall tax. I love it where I live. My nearest neighbor...

Wartrace is the name of the town I live near in Tennessee.

My point is you should not jump into live trading until you can make in sim. Eventually you have to go live however there is no shame in trading sim. If you can't trade profitably in sim you have no business trading live.

Unless of course your trading style uses level two data.

I learned a LOT from my time sim trading. I use the DOM/tape with no indicators and the many hours spent observing the orderflow. It would have been a disaster if I had jumped right in with real money. In my opinion it is best to sim trade until you are right AT LEAST 60% of the time. Why would...

No futures are not easier to trade. Why futures? http://www.apexfutures.com/trading-tools/education/advantage-of-trading-futures/

You failed to mention what you are trading. irregardless is not a word. If you are trading short term stocks you would pay short term gains which is your regular income tax rate. If you are trading futures you would be paying 60% long term capital gains rate and 40% short term.

Yes you do. :D That is almost a perfect setup for a guy transitioning from working to trading.

Trading stocks? :( Open up a futures account and learn how to trade order flow. Spend a couple of years sim trading until you are right AT LEAST 60% of the time.

Seriously. Maybe not 10,000 hours but Math is hard...... How did you arrive at the 4160% annual return figure? 150 X 252 = 37,800 37,800/10,000 = 3.78 How is that 4,160% ? Looks a lot like 378% to me. I am not saying he can do it but it isn't a 4,160% return. If he were to make a 4160%...

Just a virus one time. I have found the forex factory downloads to be safe. The way I look at it is if a book just gives me one tidbit of useful information it is worth the time. That book is about 200 pages so it won't take much time to read.

I was kind of leery of the website. (not that I should be but I have been burned before). I have had good luck with the Forex Factory book PDF downloads. Anyways, I had not seen that book so I am reading for entertainment purposes.

You can still get the PDF ..... http://www.forexfactory.com/attachment.php?attachmentid=1808361&d=1449605378

I've had much better luck with the volume profile than market profile. Take a look at that also if you haven't yet.