Techniques of Tape Reading

Techniques of Tape Reading shows technical traders how to incorporate the best aspects of tape reading into a modern trading plan. It explores how volume and price are impacted by seemingly random–but in fact quite predictable–aspects of traders’ behavior, and how traders can use this knowledge in swing trading scenarios to:

• Improve entries and exits in up, down, and non-trending markets
• Spot–and follow in–the footsteps of the smart money
• Capitalize on emotional, irrational behavior of the trading majority

In any market environment, a select group of knowledgeable traders will drive the behavior of other traders, and influence the ups and downs of the market itself. Discover how to identify the subtle activities of those traders, and capitalize on their abilities to profit from the self-defeating moves of the unskilled and unschooled, in Techniques of Tape Reading.





 

Tape Reading And Market Tactics: The Three Steps To Successful Stock Trading

2010 Reprint of 1931 Edition. In this 1931 Wall Street classic Neill explains not only how to read the tape, but also how to figure out what’s going on behind the numbers. Full of graphs and charts, it contains excellent sections on human nature and speculation. Though first published in 1931, this work remains a classic text in the field, and greatly influence Nicholar Darvas, a later Wall Street Guru. Neill advised that the investor not follow the general public and he himself was very wary of the crowd mentality. Neill’s philosophy pushes the reader to study hard and pay ones’ dues. He insists that the successful trader is an educated entrepreneur; one who can make reasoned decisions based on the movements of price and volume.





 

Trades About to Happen: A Modern Adaptation of the Wyckoff Method

Author David Weis is a trader and market analyst with nearly forty years of experience in this field. A recognized authority on the trading methods of Richard Wyckoff, he understands how to utilize the principles behind Wyckoff’s work and make effective trades with them. And now, with Trades About to Happen, he skillfully reveals how to adapt Wyckoff’s techniques to excel in today’s volatile markets.

Engaging and accessible, this reliable resource looks at Wyckoff’s approach from a more modern perspective and shows how you can logically interpret bar charts and wave charts to find trades about to happen. By studying the chart examples in this book, you’ll gain tremendous insight into reading what markets are saying about themselves and develop the ability to locate turning points of different degrees. Page by page, Weis facilitates your learning by:

Comparing efforts of buying or selling with the reward—volume versus upward or downward progress
Considering the meaning of the close within the range of a price bar
Looking for shortening of upward or downward thrust as well as follow-through, or lack of follow- through, after penetrations of support resistance
Exploring the interaction of price with trend lines, channels, and support/resistance lines—which often highlight the price/volume story
Watching for tests of high-volume or “vertical” areas where price accelerates upward or downward
And much more
Along the way, Weis introduces the adaptations he has made to Wyckoff’s original tape-reading tools—which are better suited for the enormous volatility of today’s stock and futures markets—and can be applied to intraday and daily price movement.

When it comes to Wyckoff analysis, it’s easy to forget that the world of chart reading is not black or white, but gray. One has to have an open mind rather than a fixed, pre-conceived ideal.Trades About to Happen will help you achieve this goal as you discover how to develop the feel and intuition of a successful trader and become better equipped at adapting the Wyckoff method to today’s dynamic markets.




 

 

Spread Trading: An Introduction to Trading Options in Nine Simple Steps

Though there are many variations and nuances, the basic concept of option trading is simple-an investor can purchase an option to buy stock without actually buying the stock itself. Then, as the value of the stock rises, the value of the option rises as well. The investor can then sell that option to someone else for a profit without ever having owned the underlying stock. But trying to learn option trading from most experts, says author Greg Jensen, is like trying to learn the tax code from an accountant: they’ll toss around big words that you’ve never heard of, and if you ever actually muster up the courage to ask what a particular term means, they’ll explain it to you using other terms you don’t understand. In contrast, this engaging book provides the basics of making money with options in a way that anyone can easily learn-even using a little humor to help you along the way.
In nine simple steps, Jensen teaches how you ought to approach the market. It’s called spread trading, the safest and best way to make money in the stock market while reducing risk. He uses the story of two regular guys figuring out how to trade options with each other to reveal-in small, logical, bite-size pieces-all you need to know to safely earn remarkable profits in today’s market.

Spread Trading begins with the fundamentals, explaining just how put and call options work, before moving on to reveal the secrets of the experts-such as how to combine option instruments to reduce risk and make money regardless of whether the market is trending up or down. The author details, in straightforward terms, the fundamentals of spread trading in short steps, showing you how to get phenomenal results and yet not be ruled by fear or greed along the way.

Most people invest in the stock market hoping that good things will happen-and hoping that bad things won’t. With the approach revealed in Spread Trading, you won’t have to “hope” that things will turn out well, because you’ll actually have control of the situation. By simply managing the spread, you’ll be able to make money without fear and actually sleep at night.





 

The Option Trader Handbook: Strategies and Trade Adjustments

If you want to be a successful trader, you need to consistently improve your skills and never assume you know everything about the markets. That’s why authors George Jabbour and Philip Budwick have returned with the second edition of The Option Trader Handbook.
Following the same structure of the first edition, this updated guide delves deeper into the mechanics of option pricing and trade adjustments to provide you with a new perspective on the art and science of option trading. Designed for both intermediate and advanced traders, this book skillfully highlights numerous strategies for minimizing risk and volatility; discusses stock and option positions; and details the various types of trade adjustments that can be made, what situations are appropriate for each adjustment, and the best time to make those adjustments.

An unparalleled resource for today’s volatile investment climate, this Second Edition features fresh material that will help you hedge or even boost profits, limit losses, and create risk-free trades. Page by page, it offers in-depth insights and expanded coverage on:

The nature of Implied Volatility (IV) and how it can change with respect to the market as a whole and to individual stocks
The “Greeks” and how they can be used to make better trading decisions and reduce risk
Implementing more sophisticated option spreads and combinations
Numerous charts and graphs that clearly demonstrate how each trade adjustment is done