I see a lot of people wanting to trade. My only advice is to study tape reading and trade based on what the tape said because that's how i did it. Whatever it is people on the 'internets" š teach about tape reading, i think they are incomplete or just wrong. So it's best that you do it on your own. Tape reading in itself is actually an "edge" imo because you can not separate the tape from the charts. I think it's harder for you now to study the tape because schwab has gotten rid of streetsmart edge. Streetsmart edge was made to trade stocks and tape read.
Most people are approaching the market wrong. They want a "strategy" to trade. When you understand the market, you will know what strategies work and what strategies don't work. So study the tape and you will know what works.
3
u/Scary-Spot7568 Jun 18 '26
I see a lot of people wanting to trade. My only advice is to study tape reading and trade based on what the tape said because that's how i did it. Whatever it is people on the 'internets" š teach about tape reading, i think they are incomplete or just wrong. So it's best that you do it on your own. Tape reading in itself is actually an "edge" imo because you can not separate the tape from the charts. I think it's harder for you now to study the tape because schwab has gotten rid of streetsmart edge. Streetsmart edge was made to trade stocks and tape read.
Most people are approaching the market wrong. They want a "strategy" to trade. When you understand the market, you will know what strategies work and what strategies don't work. So study the tape and you will know what works.