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I have no clue how to look at the tape or what I am supposed to be watching for. Will I be able to understand it just by staring at it? |
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Thats pretty much what need. I trained my brain to go on autopilot. Tape reading is a very hard skill set to learn and takes hundreds or thousands of hours to master.
I know as a new trader tape seems very confusing but once you understand what it is you need to look for, it is not that hard.
I made a tape reading video during yesterdays unbelievably boring market action. (Sept. 6, 2006) We literally had no movement in the markets. I will upload it now and post them when it's ready.