Do you have to be a tape reader?

Discussion in 'Trading' started by janko, Mar 27, 2002.

  1. janko


    Do you have to be a tapereader to succesfully trade NYSE? i have read the debates and arguments which is better to trade- etc... but it seems to me that the intraday charts are much more harder to read/analize for potential trades on nyse than on nasdaq, i guess it goes with the crowd psychology is easier to predict or analyze on nasdaq than one specialist on nyse- thus my question - you need to be able to read the specialist in order to sucessfuly trade NYSE. So a chartist would in a way have better chances trading the nasdaq than nyse?!? If so, any good books on reading the specialist. This is my take on it, please share your opinions.
    thnx for your help guys.