![]() ![]() Most traders spend their time studying how to read a price chart and see where the flow of the market is going. Tape reading allows you to see what is going on behind the price chart. Note* The order book is visible for stock, futures, commodities, indices, and everything that is on a stock exchange or futures exchange. The trade volume or the size of the transaction.The price at which a transaction went through. ![]() Once a stock trade goes through the time and sales window will show us three things: What you see in the above time and sales window are the trades that have been executed. Tape reading is also known as the “time and sales,” (or Level II) is the oldest trading strategy used to analyze the price and volume of stocks. Let’s kick things off with a short introduction to what is tape reading, how to read tape trading, and then conclude by teaching you a very useful tape reading trading strategy.ĥ Final Words – Tape Reading What is Tape Reading? These market tactics can be used to fine-tune your entries and better time the market. If you’re scalping or day trading and even for trend following, you probably need to learn how to read tape trading. Yes, you read that right, the retail broker hated Jesse Livermore for his ability to successfully read the tape. He was so good at tape reading stocks and subsequently making millions in profits that these bucket shops started to kick him out. More, in 1891 at the age of 14, Jesse Livermore started learning tape reading skills while he was working in a bucket shop (retail broker). In fact, Jesse Livermore was the trader who pioneered the tape reading trading strategy. The story of how Jesse Livermore became one of the best traders on Wall Street is written in the best-selling book Reminiscences of a Stock Operator by Edwin Lefevre. ![]() Make sure you hit the subscribe button, so you get your Free Trading Strategy every week directly into your email box. If this is your first time on our website, our team at Trading Strategy Guides welcomes you. We’re going to reveal the wisdom behind stock market tape reading and more. If you want to master the art of tape reading trading and use the same tactics that made Jesse Livermore more than $1 billion in today’s money read our guide. ![]() Tape reading is crucial for anyone who wants to fully understand the market. Learn the tape reading trading strategy used by Jesse Livermore, one of the world's greatest stock traders. ![]()
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