How to learn to tape read on Lightspeed?

Discussion in 'Educational Resources' started by jtrading, Oct 21, 2010.

  1. jtrading


    Hi - 2 part question. I am a beginner to tape reading and day trading.

    1) I signed up for a Lightspeed demo which gives Level 2 quotes. What should I focus on and observe to improve my tape reading skills? Should I start with low volume stocks (perhaps 1M) and then work my way up to high volume stocks?

    2) For traders who use Lightspeed, what are some common keyboard shortcuts/setups you use and are important to know? i.e. cycling through stocks, entering/exiting positions, etc. Which screens/alerts are critical?

    I am trying out the Lightspeed demo and considering just paying the data access fees for a couple months in order to paper trade and improve my tape reading skills.

    Thanks in advance