Techniques of Tape Reading
$13.55
| Author(s) | , |
|---|---|
| Pages |
265 |
| Format |
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| Published Date |
2003 |
Techniques of Tape Reading shows traders how to incorporate the best aspects of tape reading into a modern trading plan, by understanding the correlation between volume and price and simply trading off what a stock’s price movement is telling them to do.
Introduction:
Techniques of Tape Reading describes the story of Vadym Graifer, a former Soviet citizen who was forced to flee developments in Ukraine which jeopardized his company, his life, and his family’s life. The story is a so-called American success story that has been told time and again about immigrants fleeing religious, economic, and racial strife in search of a better life for them-selves and those around them.
Part One of this story deals with these events and the principles that Vadym has come to use every day in his trading. This part also delves into one of the most important aspects of a trader’s development—the mind-set of a successful trader. The principles discussed in these pages will show you how a totally inexperienced trader went from market illusions to market reality, from the point of near financial destruction to the freedom of everyday trading life. These principles are ultimately linked to the understanding of tape reading described in Part Two of the book.
Part Three presents trading setups and examples taken from trading experiences over the past 2 years. Some are presented in fraction form, while others are in decimal form. These setups and examples will ultimately lead you to understand that, while methodologies and systems may come and go, tape-reading principles will stand the test of time.
Contents:
- The Beginner: Everyone Starts at the Beginning
- Turnaround: Small and Safe
- The First Profitable Year: Charting Success
- Learning to Trade for a Living
- The Trader’s Circle: Bridging the Gap between Art and Science
- A Trader’s Edge
- A Trader’s Intuition: The Real Art of Trading
- Rules for and the Mindset of a Mature Trader: The Dos and Don’ts of Trading
- Tape Reading: Revitalization of a Lost Art
- The Role of Setups
- Stop-Loss Placement and Trailing
- Trading Setups
- Trading Market Ranges and Miscellaneous Points
Techniques of Tape Reading By Vadym Graifer, Chris Schumacher pdf
9 reviews for Techniques of Tape Reading
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Mina Sherman (verified owner) –
A no nonsense book which explains what to look for in trade set-ups. Want to save yourself time and money learning how to trade? Buy this book, read it, and then read it again. Well worth the time and money.
Ensley Mayer (verified owner) –
I’ve found this and other titles by this author helpful to me in recognizing behaviors in the market. I always value things that are more practical than theoretical and this fits the bill. Easy to understand and apply.
Tori Tucker (verified owner) –
It’s hard to believe so many reviewers gave 4~5 stars to this book and described this book as “best tape reading book”. There’s absolutely nothing about tape reading. It’s a ridiculously misleading title.
The first part of the book is about trading psychology. Lots of words, yet it’s more about the author’s own experience and just not particularly useful.
The second part, if I have to find a category for it, is about volume spread analysis.
Again, if you’re looking for books about tape reading, stay away. I’ve wasted a few days on it. I hope you won’t.
Owen Huerta (verified owner) –
Then clearly you are not a student of the market. You don’t like Vad’s personal experience recounted in the opening stages of the book? – (full disclosure – I have acquired the principles of trading under Vad Graifer) – then you are not prepared to learn from the experiences of the very small minority that succeed as traders.
For those impatient people who want to make money NOW TODAY GIMME GIMME GIMME I suggest you head straight to section 3 of this book and copy the classic setups that work in all time frames. If you succeed straight off the bat – kudos to you. But if you are like the majority and you do not, then perhaps you might be interested to read all those ‘boring’ words Vad included in earlier chapters. Like the role of a setup; stop placement and the importance of risk management; the psychological and emotional aspects required of a profitable trader.
I’ve been a student of the market for near five years now, burned through a couple of accounts (and no it did not cost me the SEC mandated $25k min. each time; ask a pro how) and have come to realise that trading is like life – it is the longest marathon. The slow acquisition of each piece of the puzzle required to succeed has altered my view of myself, the market and the world around me. Much of this understanding comes from Vad, whose texts plus a couple more are the only trading books that adorn my library shelf.
And for heaven’s sake, for those that would suggest that this is not a book of tape reading, the only thing that has changed from Jesse Livermore’s day is that the tape has been converted into graphical format aka the chart! Repeat after me – price and volume, price and volume, price and volume. It ain’t rocket science!
Yahir Reilly (verified owner) –
A lot of generic information that you can get off the internet. There is some background on authors story of loss and eventually win. Also included is generic trading advice. There is no tape reading instruction only charts with volume. I skimmed through it and I don’t think there were any Level II quotes at all. Don’t waste your money.
Ivan Atkins (verified owner) –
Great book! Very satisfied.
Jaylen Underwood (verified owner) –
Excellent. Unmissable. I recommend.
Dulce Avila (verified owner) –
The book was horrible. Doesn’t teach you anything about tape reading. A waste of money!!!
Giselle Perez (verified owner) –
You’ll find better information on YouTube save your money.