In the last article I described two tools used by me in daytrading on US stock markets: Level II and Time and Sales. Today I will present, some of tape reading strategies based on reading from tools mentioned above, which you can use in day trading investments.
Tape Reading, reading from the tape, it’s one of daytrading strategies, which deepening can help in maximization of your profits and to reduce losses. It is trading strategy, which is well-suited in day trading investments on the stock markets. It is worth to emphasize that reading from the tape enables to capture specific setups (systems,
In monthly trading reports and in articles I recall pre market trading. That is in premarket hours so before 9.30 A.M. I would like to introduce you to this subject matter, so you could understand how it differs from trading during regular market hours. Many of you, in fact, associate the market only with regular
Time and Sales window, so-called Tape, shows useful for daytraders information, containing the most detailed information of concluded transaction on the market (for the given stocks). Traders, including above all those using algous to trade, use information from TAS. Firstly, you should totaly understand what is TAS windowsa and get know about ECN’s (Electronic Communication
If you are starting your education about trading stocks, you should for sure use free stock charts. It will help you to understand technical analysis, price action and what is important: prepare your own strategy. Here you will find free stock charts that I do recommend for you. All of them have different functionality, interface,
In the past 4 months I was testing certain modifications to the strategies I use. Considering that I didn’t actually add any new strategies – I just modified the existing ones – I didn’t do it on a minimum number of shares, opting to trade at the same level I would normally use. I also
If you start on US Stock Markets you will need to choose which Stock Quotes (Market Data) you will need. Below you will find explanations of all Day Trading Quotes for NYSE, NASDAQ and AMEX market that are available for traders. I’m sure that after this article you will know exactly what is the difference
