IS tape reading DEAD?

Discussion in 'Trading' started by cashmoney69, May 22, 2008.

  1. I've been dying to learn how to do this, and there are two firms that do this:

    title trading in canada
    wasserman capital in LA/ Miami


    am i wasting my time, or is this something I have a chance

    with?...I feel with black box trading, what are my chances?

    I have a friend who trades with Assent, and they teach him how

    to trade NYSE stocks only, by nothing more than tape reading..no

    charts. He blew out after a while despite their "training".

    cm69
     
  2. tape reading is just having a feel for the market. that's pretty much all it has ever been. granted it was a lot easier when the NYSE was still specialist based and moved a lot slower. things were a lot more transparent then.


    KILL REG NMS! I WANT ALL MY FREE MONEY CROSSES BACK!:D