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cool. thanks for the help Steve. Do you think you could maybe go over a few things you try to spot when you're reading the tape... like if the bid and offers are at a certain price, and the prints come off at a certain price, what does this print indicate... and how the bid and offer changes...

what do you mean i have to pay the price between the bid and offer back? how does this work? could you eleborate it a little bit?

thanks steve, but what's the rule and definition of an uptick bid? the 50.29 bid is the uptick bid right? doesn't uptick bid just means the bid following right after the print is higher than the printed price? like 50.30 x 50.33 15x17 ^ 50.29 20000 so...

could someone maybe tell me what people mean when they say look for "uptick bids" if you're longing a stock.... and how exactly can i decipher the meaning behind a stock through looking at the prints + the price of the bid/offer? Like i hear noticing where the prints are made are important...

hey steve, could you take a look at my post in the strategy section? i have posted a very recent post in the TAPE READING thread. Also, could you maybe tell me what people mean when they say look for "uptick bids" if you're longing a stock.... and how exactly can i decipher the meaning...

hit the bid and get filled on the offer? that doesn't make much sense though... how could it give you that much of an advantage... if you use the slipt at .35 x .39, you hit the bid and get filled at the offer..... so instead of getting a fill at .35, you're saying you get filled at .39.... that...

could you explain how slips work though? like how efficient they are at shorting, as well as how the fees are charged.

Anyone familiar with using the Slip to get short? I hear it's pretty expensive, but how does this actually work. I'd like to know how much it will cost me to use the slip order.... and when do people usually use this as a way to get short? One day i used slip 4 times and it ended up costing...

TO ALL OF PEOPLE WHO HAS RESPONDED TO MY POST, AND WHOEVER CARE TO HELP CLARIFY SOME KEY POINTS FOR ME. =) So let's say there aren't a lot of bids or offers showing on the tape for people to nx in or out of their trade, so a lot of people decide to go market... now, you said, the specialist...

anyone care to comment?

hey spxdes, how can you get a price improvement by going market order? Could you explain this to me perhaps? For example, in what situation would you use market order in purpose? Also, Maverick, so to spot an aggressive buyer/seller, basically the first thing that sets off the alarm are the...

i concur, great post mav. Hey maverick, could you maybe go over some more things to look out for when tape reading? For example, what is a head fake, how to spot a head fake. How to determine if there's really a strong buyer/seller, what is a refresh order, how to spot them, or anything that you...

Dont forget my questions above guys!! :) I'm not letting you off the hook that easily Maverick. =D

haha, sorry about that. I know i got a little carried away. =) But instead of breaking that post down to a bunch of different questions and having to put this thread's followers through the suffer AGAIN. I'd thought i would just wait for your reply on them. =D Please take your time though. I...

what's IB?

Great post man, i'm also looking for a good list like this so i can have a good idea of which stock is a potential short sell at the open. also, is anyone subscribing to wsj? I am a scalper, but i'd like to find a good source for news, companies insights, etc. Although i know this might not...

are any of these books on scalping by any chance? If not, i was wondering if anyone could recommend a good book on scalping and Tape Reading in general.

I've read the threads regarding tape reading all the way through. In addition, I have also read the post by Maverick on double prints. First of all, I would like to thank you, Maverick, for writing that fantastic little article. I literally read that and tested it out the following day. I...

what book are you reading for tape reading? and is it any good? does it teaches how to spot different patterns on the tape, etc?

I've read the threads regarding tape reading all the way through. In addition, I have also read the post by Maverick on double prints. First of all, I would like to thank you, Maverick, for writing that fantastic little article. I literally read that and tested it out the following day. I...