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Psyched out by the Tape
Has this happened to anyone? You get into a position and then based on the activity on the Time and Sales tape get shaken out? Afterward, you look at your charts and ask yourself, ‘Why in the world did I get out?’ In the futures markets, is it possible for the big players to “paint the tape” with small lot orders and fast contrary movement to shake out the weak hands? Could it be that the tape attracts an inordinate amount our attention because it is the only thing really moving? Kinda like an infant fascinated by shiny, jangling set of keys?
Finally, does anyone here successfully trade futures without the tape?
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