Traders Laboratory - View Single Post - New Trader: Should I Call It Quits?
View Single Post
  #8 (permalink)  
Old 09-07-2006, 01:10 AM
Soultrader's Avatar
Soultrader Soultrader is offline
Soultrader is looking for a new book to read

Trader Specs
 
Join Date: Aug 2006
Location: Tokyo, Japan
Posts: 3,059
Thanks: 120
Thanked 368 Times in 158 Posts
Send a message via Skype™ to Soultrader
Quote:
View Post
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?
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.

__________________
James Lee
TradersLaboratory.com
-----------------------------
Empowering traders with knowledge.

Please support TL by visiting our sponsors. Thanks!
Reply With Quote