Reading the Tape with Gman: How to Read the Tape

CONTACT | LOG IN

Aug 28th, 2009 | By ajames | Category: General Comments

Gman, head trader at SMB Capital, wrote an excellent article for Wall Street Cheat Sheet about Reading the Tape. Gman discusses how learning this important skill helps traders determine the buying and selling pressure in a stock and also helps traders know when to load up in a position. You can read the full article here.

2 comments
Leave a comment »

Dominic August 29th, 2009 4:57 pm
Hey GMan, I just wanted to let you know the article was great, but I think the prices are a little confusing. Not sure if maybe there was a typo.

Dominic
Alejandro August 30th, 2009 4:50 pm
Hi GMan

excellent!!

Leave Comment

SMB Videos

SMB on StockTwitsTV

Earlier today, Steve appeared on StockTwitsTV to discuss the Market and the stocks in play for the day. Watch the clip below and feel free to leave your comments on this blog. SMB appears on StockTwits TV every Monday and Wednesday at 12:30pm EST so be sure to tune in! Don't forget to follow us on Twitter.
[continue reading...]

SMB in the News

An Inside View of How and Why I Review My Trading Data

Gman, head trader at SMB Capital, wrote an excellent article for Wall Street Cheat Sheet about the methods he uses to review and analyze his trading data. You can read the full article here.
[continue reading...]

Trading Ideas

SMB Morning Rundown – March 12, 2010

Today, the Market appears set to open higher. The levels we are watching in the SPY are 115.70 (sup) and 116.80 (res). Below 115.70, the next support level is 115.40. Above 116.80, the next resistance level is 118. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy AAPL on a pullback close to 226.70. Tgts: 228, 230. Don't forget to follow us on Twitter!
[continue reading...]

Technical Plays

THE NOTHING TRADE

I bought a stock today after it cleared an important resistance level. It was neither strong nor weak. I didn't sell it. I didn't buy more. I am still just sitting there holding. I am not confident it will trade higher nor am I concerned I will get stopped out. I am not optimistic nor pessimistic. This trade is a nothing. RIMM could just not trade above 74.60 the ...
[continue reading...]

Trading Theory

What Type of Market Are We In?

We are in a downtrending market! What? We are in a downtrending market!! What? downtrend!!!!!! What does this mean for short term traders? Short stocks if they pop to previous support levels If the market trends up for two days then pray for a third day gap up so you can short the market!! Trade with less size as downtrending markets tend to be more volatile Be mentally prepared for the market to meltdown at any time. See traderfeed.blogspot.com ...
[continue reading...]

Trading Psychology

Breaking Your Keyboard

I know when you trade it is best to stay calm. And busting your keyboard is not keeping cool. I get and have blogged that you make poor trading decisions when you are not in the zone. But having sat on a prop desk the past 12 years of my life I have heard and seen many smashed, broken and eliminated. Instead of pretending no one gets upset or that this is somehow a ...
[continue reading...]

Reading The Tape

Its Probably Going Up

I started trading AAPL around 10AM this morning. I noticed it held its small gap from the Open and that each time it was dropping below 202 it would quickly recover. I also noticed that each time it popped above 202.50 that it would fail to hold the bid and drop back down. My thought process was that AAPL had been strong on Thursday and Friday and since it held the opening gap that ...
[continue reading...]

Trader Development

StocktwitsTV – Live From the SMB Classroom with Bella

Yesterday, on StocktwitsTV Mike Bellafiore talked about the best way to get better as a trader. He offered tips for new traders and traders looking to take their game to the next level. You can watch the clip below, and feel free to leave your comments on this blog. Don't forget to follow us on Twitter.
[continue reading...]

Fundamental Plays

SEED money for the New Year

There’s always something to trade. You just have to be where the volume is. It can take one good stock to make your week, and one good week to make your month. 90% of life is showing up, and for those who showed up today, there was money to be made. We had a repeat offender today, our good old buddy Origin Agritech, ticker SEED. Maybe there’s a hedge fund out there that needs to ...
[continue reading...]

Home

Programs

Trading Tools

SMB Blog

Testimonials

Press