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  • Thursday, September 15, 2005

    NYSE Specialist and Tape Reading

    Tonight I was using the new Google Blog Search and stumbled upon this blog in a search for nyse open book.The author has a very good write which comes in a three part post:1.Think Like an Institution,2.The Specialist,and 3.Tape Reading...Very informative and easy to understand material for anyone trying there hand with nyse stocks.The author also seems to be very negative on nyse open book(which in some ways I have to agree with a few of the points made),but I have to say I still find it a useful tool for certain things as depth,locating largebuyers/sellers/specialist,and knowing my exits.Those are three justifiable reasons for paying a small fee once a month,in my opinion.

    It's a fairly long read, but definately well worth it.Here's the link again.

    2 Comments:

    At 9:25 AM, Anonymous Philippe said...

    Great link, thx!

     
    At 11:14 AM, Blogger txtrader said...

    No problem Phil.Read the part on Tape reading a couple times,it's really good stuff,something I myself need to get back to doing more of.The style in that article is very similar to what I do.

     

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