Tape reading and trading strategies - Trading-Lab

kika · #1 08-17-2007, 02:07 PM

hi,

I frequently hear people talk about how they tape read a stock and how it is so useful and one of the most consistent ways to pull money out of the stock market (if mastered correctly). What is this tape reading exactly? And to which trading strategies can it be applied? is it something I can learn on my own, or do I need a mentor?

thanks in advance

TapeReader · #2 08-20-2007, 05:32 PM

hey how could I not post in this thread

Tape reading is an old technique of gauging market strength and weakness by watching the ticker - time anda sales - and looking for patterns in how blocks are traded. This is mostly done to spot major players and get an idea of where the stock is headed. Tape reading is a very intense trading style.

scalper · #3 08-21-2007, 05:20 PM

a classic read on the subject is Studies in Tape Reading by Rollo Tape, from the early 1900s….

stocktrader · #4 08-22-2007, 06:35 PM

as with any other strategy in trading, whether you need a mentor to learn a new technique depends on your personality. Some need a mentor to show them the way, other don't. it's up to you. But you can pretty much learn anything by yourself

kika · #5 09-19-2007, 10:33 AM

thanks everybody for your help.

daytraderB · #6 10-16-2007, 07:15 PM

I would also suggest Reminiscences of a Stock Operator by Edwin Lefrevre as a good read on the subject.

Leth · #7 10-16-2007, 07:46 PM

wow...tape reading gives me stomach ulcers just thinking about it. all the day traders, scalpers, and swingers out there have bigger balls than i do for sure. you definately get kudos from me.

ouch · #8 10-17-2007, 07:05 PM

tape reading is just another trading strategy. every trader has his bread and butter and every trader who is able to make money with his strategy has balls IMHO

Leth · #9 10-17-2007, 07:11 PM

i like your perspective ouch

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#1 08-17-2007, 02:07 PM
kika Member Join Date: Jun 2007 Posts: 38	Tape reading and trading strategies hi, I frequently hear people talk about how they tape read a stock and how it is so useful and one of the most consistent ways to pull money out of the stock market (if mastered correctly). What is this tape reading exactly? And to which trading strategies can it be applied? is it something I can learn on my own, or do I need a mentor? thanks in advance

#2 08-20-2007, 05:32 PM
TapeReader Member Join Date: Jun 2007 Posts: 37	hey how could I not post in this thread Tape reading is an old technique of gauging market strength and weakness by watching the ticker - time anda sales - and looking for patterns in how blocks are traded. This is mostly done to spot major players and get an idea of where the stock is headed. Tape reading is a very intense trading style. __________________ A lonely trader

#3 08-21-2007, 05:20 PM
scalper Junior Member Join Date: Jun 2007 Posts: 29	a classic read on the subject is Studies in Tape Reading by Rollo Tape, from the early 1900s…. __________________ scalper

#4 08-22-2007, 06:35 PM
stocktrader Junior Member Join Date: Jun 2007 Posts: 20	as with any other strategy in trading, whether you need a mentor to learn a new technique depends on your personality. Some need a mentor to show them the way, other don't. it's up to you. But you can pretty much learn anything by yourself

#5 09-19-2007, 10:33 AM
kika Member Join Date: Jun 2007 Posts: 38	thanks everybody for your help.

#6 10-16-2007, 07:15 PM
daytraderB Member Join Date: Jun 2007 Posts: 63	I would also suggest Reminiscences of a Stock Operator by Edwin Lefrevre as a good read on the subject.

#7 10-16-2007, 07:46 PM
Leth Super Moderator Join Date: Oct 2007 Posts: 621	wow...tape reading gives me stomach ulcers just thinking about it. all the day traders, scalpers, and swingers out there have bigger balls than i do for sure. you definately get kudos from me. Last edited by Leth : 10-16-2007 at 07:48 PM.

#8 10-17-2007, 07:05 PM
ouch Junior Member Join Date: Jul 2007 Posts: 24	tape reading is just another trading strategy. every trader has his bread and butter and every trader who is able to make money with his strategy has balls IMHO

#9 10-17-2007, 07:11 PM
Leth Super Moderator Join Date: Oct 2007 Posts: 621	i like your perspective ouch Last edited by Leth : 10-17-2007 at 07:31 PM.