How to Make an Easy, Quick, and Highly Profitable Stock Trade by Reading the Tape

Learn how to make an easy, quick, and highly profitable stock trade by Reading the Tape. Learn 3 trades SMB Traders use: bit.ly/2B9Xxzk
#ReadingTheTape #AirlineStocks #daytrading
SMB Disclosures www.smbtrainin...

[@smbcapital]

Learn 3 trades SMB Traders use: bit.ly/2B9Xxzk

[@figh761]

How to learn everything from you guys .I am from UK

[@rawfit4960]

Mike could you share the name of the Platform he is using for the Tape? And is it possible to get the settings he is using showing those big orders highlighted in Purple?

[@smbcapital]

@@rawfit4960 We are using our own in-houe platform. Depends what platform you are using but often times you can change the theme of your level 2 / time and sales window

[@rawfit4960]

SMB Capital I knew it lol! That level 2 looks awesome! I guess the only way to get that platform, is to work for you one day. Going on eight months of consistent training, learning, doing well, doing bad, ups and downs, wins and losses. I am definitely a much better trader than I was eight months ago, But this is perhaps the hardest thing I have ever pursued. My ultimate goal is to work with you. I have no clue how long that will take, but I know not giving up is a major key

[@arisyangiama8828]

Hello Mike, i've signed up twice for a webinar and did not receive any email. i was suppose to do one this evening at 8 PT. i'd appreciate if you could help me register for this weekend. thanks

[@sommi888]

🧡💛💚💙 Reading the Tape is one of the most useful skills a trader should have. It may look daunting at the start to newcomers but there are timeless principles to remember: > Size only matters when the volume & volatility is picking up (momentum). (You can't just play deadzones using the tape because you will get chopped up by noise) > Always check for how a market is reacting to big orders around key levels or new price discovery areas 🧡💛💚💙

[@smbcapital]

absolutely Sommi

[@mbellafiore19]

sommi 👊

[@joebaby555]

Thank you for those advice points

[@tombrown310]

Smb truly is a gem 💎 in the trading community...I recently purchased SMB dna and I can tell anyone reading this comment that this course has completely reconstructed my trading brain....I sometimes feel like Mike is right there nx to me guiding me when I’m trading...truly worth the money...I am now waiting for the nx opportunity to purchase The Winning Trader as I move on to the nx step....hopefully I can catch the nx discount as I missed the first one...keep up the great work SMB!!

[@smbcapital]

That's awesome to hear Tom, a big step to move you forward!

[@mbellafiore19]

tom brown love hearing that Tom. You made my day!

[@tombrown310]

@@mbellafiore19 UR WELCOME MIKE...THANKS GO OUT TO U AND THE GUYS ONCE AGAIN👍

[@gozu9455]

thank you for the reassurance. many people would tell me scalping is not profitable but hearing you guys say otherwise i will keep it up. scalping is my style.

[@smbcapital]

Keep doing what works for you

[@gozu9455]

@@smbcapital thank you. love the free masterclass content

[@TahaNasser]

Scalping can be a very viable strategy for some. The key skills from what I can tell are tape reading and fast order entry - many use hotkeys.

[@gozu9455]

@@TahaNasser hot key is everything :P

[@TahaNasser]

Really good point about adjusting to market volatility by changing to a shorter term mindset even in the intra day setting. Thanks

[@smbcapital]

you got it Taha

[@mbellafiore19]

Taha Nasser you are welcome

[@joep9764]

Fantastic I use level 2 combined with the chart to make trade decisions Once the chart lines up to my edge I make the actual entry based on level 2 Absolutely fantastic and thanks for pointing out the sellers trying to exit Nano And the turn on the tape to the upside and determining when that happens

[@mbellafiore19]

Joe P Thxs for sharing Joe

[@BuildYourTomorrow]

Valuable content. I would like to see more Level 2-related videos. Thank you.

[@smbcapital]

Likely will get more of that coming

[@mbellafiore19]

Build Your Tomorrow noted

[@dewaynescottharris8121]

Love the lesson! Learning to read Level 2 was was one of the first things I was taught. I learned from a scalper. It's a must for intraday trades and position entry, even for longer term holds. Part of the required, foundational knowledge. Nice work.

[@sc0or]

Scalping always was and will be a profitable technique. Since 2003 I scalped from time to time, and it didn’t disappoint whichever market was. But it sucks so much energy that people keep scalping only for one year or so. Then they appear completely squeezed.

[@Hey_Mack_jay]

i like the concept of VWAP being "established"

[@smbcapital]

we do to!

[@mbellafiore19]

J B yes good lesson there

[@eljuanramon]

I'm learning tape reading with a scalper trader (madaz) and I can tell you, he make huuuge 💵💵💵💵💵 I love it, thank you for the video, really open minded🔥🔥🔥👊

[@houmanyousefi7573]

Thanks Bella and the SMB team for the great content! Just wished you included t&s

[@smbcapital]

can do next time but the level 2 is all you need sometimes.

[@mbellafiore19]

Thxs

[@greggarciamarquez6051]

Nice one! But as a beginner , all you need is a Professional stock broker.

[@dinosaurperson2349]

I have heard some traders say that big asks/offer are a bullish sign as sellers are waiting for price to move up. Is this contradictory to what was said in this video? The person in the video is saying that big asks that are moving lower is bearish, this makes sense. But when I flip my first statement, big bids being a bearish, this contradicts the video, as the trader says that big bids have shown up etc so he will exit his position. Are both statements true? Big bids means the price could move lower, but it also means, when this price is reached, there will be support. So is it bearish until the big bid price is hit, at which point it will become support? In a nut shell, does a big bid indicate something bearish, and vice versa? Thank you

[@dinosaurperson2349]

Also, will my statement have different implications if the stock is SSR? As big bid may no longer as bearish as you cant short on bid. Thanks

[@razzyp3999]

Good Job Nano! Well explained I actually understood what you were explaining well done..Mike I was wondering if you could hone in on a video about REVERSALS..not only examining the TAPE but also what other INDICATORS you use like for eg well Reading the Price Action and other factors..The News ect . More on a Swing bases! Trade..To those Big Suckers! Like Big ships in the Night!

[@smbcapital]

Thx Razzy! good suggestion for a future video

[@faicalgouaghou5424]

Very enlightening! Thank you for the great video.

[@smbcapital]

you're welcome!

[@mbellafiore19]

Faical Gouaghou you are welcome

[@shamanking5464]

Very informative video Mike. Success in your business.

[@smbcapital]

thx Anton!

[@mbellafiore19]

Appreciate that

[@KT-zx9jr]

Good clip. It would be great to see your set of ideal trades for different levels of vol. For ex: vix at 12-15 long delta swing trades 1-2 weeks ; vix at 16-20; more momentum + credit sprd sales; vix at 20 - 30, even more momentum, shorter trading time frames, etc...your take would be interesting. Thanks.

[@mbellafiore19]

Kirby Thibeault Thxs for sharing

[@joelavoie9768]

Great Video, thank you for sharing. I scalp as well... Thanks Again

[@smbcapital]

:)

[@mbellafiore19]

Joe Lavoie you bet

[@jonathanduran5502]

Definitely, these types of videos are the best, if you can continue showing more videos with this type of content will be awesome. By the way, thanks for sharing your knowledge with people that can't afford your training, but love trading and want to be better every day. Soon I will be part of your team, count on that!

[@smbcapital]

We are here to help the community and if people really want to take the deep dive they can do that as well. Will try to get more of these videos out there Jonathan

[@mbellafiore19]

jonathan duran look forward to that Jonathan. Archived here

[@123alexer]

Need Ryan For a Scalping part 3 series, I know he’s gotten way better since February !!!

[@smbcapital]

We should bring him back on! We may have a double ryan special coming on "Advice on how to trade consistently" from both of the Ryans we have featured before.

[@mbellafiore19]

Danny Ramirez think he is working on something

[@harmeetchoudhary1937]

@@mbellafiore19 that sounds greattt

[@IRod123]

Awesome review, ty.

[@phil1m]

Confused about SSR explanation. Short Sale Restriction applies to Short Borrowers only allowed on offer. Share Owners who are "trapped" can still hit the bid. Wonder why your seller showed such large size stepping down on offer, knowing it would spook buyers.

[@emiliomazzucotelli1250]

I didn't get this video. Maybe is advanced for me? IDK. I don't get that matrix type of visual...

[@123alexer]

It’s pretty straightforward, your not putting in effort .... Big Sell order on the Ask moving down and showing he really wants to get rid of his position.

[@mbellafiore19]

Emilio Mazzucotelli it is a bit advanced for newer traders

[@xerjhenoutdoors7887]

Awesome video. Been trying to learn better to read the tape since DNA. Do you draw lines on your opening range (15 minutes of the open?), and see where's the price with respect to that morning range and the opening price?

[@tayronachan]

thx SMB.

[@jayhayden9838]

Thank you MIke and Nano for a really informative tape reading video. Im getting better at my tape reading and scalping skills and have to thank SMB and their traders for helping to make this happen. Funny how I fought learning to tape read for months and now will not consider scalping without having the tape in front of me. A lot faster than just watching the charts, though I still make the rookie mistakes. Have a question. In your opinion what is the best level 2 platform out there? Not totally blown away by TOS though it is functional. I like the way Nano has his set up and I have a feeling this may be an inhouse screen setup available to SMB only. Any help on this will be appreciated and please keep the education coming. Once again thank you.

[@smbcapital]

Yeah this is in-house tech. There are many options out there. Maybe check out IB or Lightspeed, some that come to mind

[@mbellafiore19]

jay hayden good work by you Jay

[@Andolem]

Great video, how do you read the tapes, or do you have to record it while trading? Thank you.

[@smbcapital]

Andy, we encourage traders to record their screens (especially on the open or when a stock might be at a critical inflection point) they can then go back and review which is helpful to the development process for a trader

[@tonyt3067]

Thank you so much for you amazing trader content. In your books you mentioned a video series that GMan recorded for tape reading. Would you consider re-introducing that series or updating it for the trader community? There is no real tape reading program out there. Definitely a need for it. Best! Tony

[@johndavid4498]

Using interactive brokers, what is the fastest way to execute those trades. They have so many options. Will a marketable limit order be good enough and with what ecn route? Thank you

[@houmanyousefi7573]

A question: would you put a size filter on times and sells to filter out the "noise"? Eg only showing t&s above 500 share size?

[@smbcapital]

I believe this is what Nano did

[@mbellafiore19]

Some do that but in 1k or 10k increments. Good thinking....

[@houmanyousefi7573]

Thanks Bella

[@lightngo4065]

Great video like always. Love your Playbook and One good trade. Could you do a video about volume price analysis? Thank you

[@mbellafiore19]

Light Ngo Thxs and Thxs for the suggestion

[@marianne5593]

Very helpful. Would love to see more videos on reading the tape

[@smbcapital]

noted!

[@mbellafiore19]

Marianne H K ok

[@byronyip7838]

hi so sorry! for scalpers, when would you get out of a trade? 2% of your account size? especially for options scalping its super hard, any suggestions? thank you!

[@mbellafiore19]

Byron Yip Nano discusses in the video- when the tape changes

[@razzyp3999]

Can't wait!!!!

[@karlzwong5284]

Question. Can we record any tapes (from any range of stocks) & review them to improve tape reading skill? Or we have to record specific stock tape that only met our stock selection criteria?

[@smbcapital]

I'd record the stocks you are trading for the day. We like to have our traders record the open and then any stocks that might have big setups during the day or at key inflection areas. After the fact you can see where the big moves occurred and if you have the tape just go back to before the move happened and you can observe how it played out

[@howiesoc17]

This was level 2, not tape reading, right? I'm sure he was also looking at time and sales. That's a video I'd love to see. Interpreting time & sales in conjunction with level 2.

[@123alexer]

Video is too great 🔥🚀

[@smbcapital]

thx Danny!

[@mikeanis8554]

Cant wait to see this!

[@bs65]

Diamond content !

[@smbcapital]

Thx Bal!

[@mbellafiore19]

Bal Singh 👊

[@srohack]

very nice video . what trading platform do you use ?

[@smbcapital]

It's in-house tech Nema

[@srohack]

@@smbcapital thanks for the reply . Your content is great Can you do a video on executions ? How you enter and exit different types of trades . That would be very helpfull Thanks

[@tarunj8385]

Do I have to purchase the smb foundation & tape reading program to be a junior trader? Working on my PNL track record..SMB is my goal!

[@smbcapital]

We hire traders and then they take all the required training (we cover all the costs) We only hire a small class normally so often people who can't be in nyc or commit full time can train with us online at their own pace. We often hire a lot of traders through this process who show a solid track record. We also get to know these traders on a personal basis which is helpful to selecting those that fit well with SMB. Reach out to info@smbcap for more if you are really interested.

[@tarunj8385]

@@smbcapital Will do! thank you!

[@mbellafiore19]

Tarun J thxs

[@sandstorm973]

Hi SMB, There is an SMB video Nano was in where he mentioned studying Shark's executions on the weekends. Is Nano part of an SMB training program that has access to that? I feel like that would be a great learning tool and I'm interested in the program where that is one of the tools available. Thanks!

[@CRoth1124]

What trading platform is that?

[@_Chef_Jeff_]

Would also like to know. That level two looks amazing!!

[@smbcapital]

@@_Chef_Jeff_ It's in-house tech

[@sawyersweetman2145]

Can you get shark to do a trade recap?

[@smbcapital]

will see if he is interested in doing another one

[@nanigirl78]

Thanks for this🙌🏾🙌🏾🙌🏾

[@smbcapital]

you are welcome!

[@mbellafiore19]

Leinani 👊

[@Dayz3O6]

Scalping only work with big account, small account traders will get eat up by commission.

[@smbcapital]

There's not free commissions out there but you definitely aren't getting the same level of execution

[@mbellafiore19]

Dayz appreciate your contribution

[@BryonLape]

Has anyone been able to use these videos to make money on the stock market?

[@mbellafiore19]

Channel Dad Bryon Lape yes

[@naumanimdad]

Nice 😂

[@mbellafiore19]

Go Wild 👊