Is it possible to "JUST" tape-read

Thank you. Still can't believe it's done, trading is way easier than work with editors, LOL. As much as I hated most of their corrections, I have to admit though, book became more clean and clear when they were through with us.

As for NYSE... I wouldn't know that, we are NASDAQ guys :)
 
Quote from Threei:

Don't worry... if it works from Jesse Livermore times (at least), it won't stop working because of us. True system is based on psychology of market participants, and it would take more than a book or seminar to change that psychology. Try major evolutionary turn... :)
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True. Wyckoff has "worked" for a hundred years. And so few people pay attention.
 
one of the things i learned early on is that trading a system that fits your personality is key -

i don't have a personality to spend lots of time programming and trading hundreds of trades a day - i do have a personality that sees moves develop early - and i do have discipline (well i can have it) -

just wondering if it is just too hard to compete against the people who are pumping out scores of trades on the opening etc. or are there still people who trade by their wits - even in the world of computers.

am i being too naive?

DKS
 
What counts is the money that you made at the end of the day, right? Now you could do a whole lot of small winners or have one big winner and get to the same dollar amount.

You could just make one trade a day and blow everyone out of the water (if you use enough size).

I personally think that using your wits and not relying on computers (I'm not knocking any software or indicators; I use them, too) can make you a better trader. Even mechanical systems still need a person to make decisions.

Jake
 
DAY TRADING???

You must be mad! That's not a profession, that's just gambling!!!

If you even touch the markets, then do it properly, by looking at "investing" in fundamentally valuable growth-stocks that look like they might maybe be worth more in 10 years, plus pay you a juicy 0.0001032% dividend or so per year.

Just look at the performance of stocks over the last 2-5 years.
Issues like YHOO went from $5 to $500+ in a couple of years! That's true value!

Now go and get yourself a trustworthy stockbroker and make sure you do the right thing.

Good Luck to You.
~The Scientist
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LOL........GARP :eek:
 
Quote from FinStat:




LOL........GARP :eek:
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If you realized that over 90% of the working population still believe this crap, you wouldn't be laughing so loud :(

~Scientist
 
Quote from Threei:

Thank you. Still can't believe it's done, trading is way easier than work with editors, LOL......
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Has the book been released for sale? I'd like to see it. Any info private or public would be appreciated. Thanks!
 
It is available on Amazon and several others for pre-order, should be out at the end of August. The title is Techniques of Tape Reading. Not sure whether I am allowed to post direct link, sorry :)
 
Quote from Threei:

It is available on Amazon and several others for pre-order, should be out at the end of August. The title is Techniques of Tape Reading. Not sure whether I am allowed to post direct link, sorry :)
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Yes you can post a direct link no worries :)

~Scientist
 
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