hi, has anyone already read "Techniques of Tape Reading" by Vadym Graifer & Christopher Schumacher ? what are your findings ? was it worth reading ? regs, paulus
We are going to hold Q/A session on the book on Monday Sept 22., with some presentation for those who haven't read it yet. Details are on our website. Drop by if you are interested, we will be glad to talk - direct conversation is more productive than formal book reviews. Looking forward to see you. Vad
I finished reading the book. The first section is on the psychology of trading and it is well done!! It clearly explains the proper mental state that one needs to have in order to be successful in this crazy business. The rest of the book explains tape reading with many examples. Tape reading, of course, is being defined in this book as the relationship between the chart, current price and volume. The examples are clear and good. I would recommend it for anyone, but especially beginners. For experienced traders, there isn't anything "Earth-shattering" in it, but it could be used to reinforce certain concepts that you might be struggling with. Overall: B+