Equities Training Programs

Reading The Tape

Reading the tape is all about reading the psychology in the market and the underlying order flow. This stuff is not rocket science; tape reading boils down to identifying the buyers and sellers and following those with the big order that move stocks. Recognizing the buyer and sellers is easy part, the hard part is putting that together with all the other variables: the importance of the price at which the person is buying/selling , the time of the day, the type of play available because of this, is this person wrong short term? too aggressive? Taking his/her time filling the order? etc.