Am I studying what is relevant

Discussion in 'Professional Trading' started by Bluegar3, Dec 20, 2006.

  1. I'm reading a book titled "Techniques of Tape Reading" It is a very good book one that actually talks about strategy and not the usually bs "you have to be in a good state of mind" stuff like that.

    Anyway the author trades stocks on the nasdaq. I am very new to trading and I hear that the NYSE has a Hybrid system, I was wondering if what I am reading is relevant to this new system. For example, I'm reading about capitulation (the public selling) which will be announced by a big spike in volume. This will drive the price low indicating a reversal. The traders at my prop firm talk about this hybrid system screwing them where they can't get good prices. What I am reading... will this help me in trading with the new system? and can you use this system on NASDAQ stock presently?