Your guide to developing the crucial skill of tape reading so you can become an elite trader.
SMB Training presents our Reading The Tape™ training program for new, developing and experienced traders. Reading the Tape allows traders to determine the next most likely move in a stock by examing the bids, offers, and prints. This the most important indicator used by the best active traders to day trade profitably.
Watch dozens of videos of real trades recorded with voice over to explain how to Read the Tape. We start with the basics and then progress to more complex examples. Stop/pause/rewind the videos and learn at your own pace.
Read Written Lectures from our head trader and partners with real trading examples of Reading the Tape. These written lectures will give you the blueprint for developing this vital skill.
Attend Live Mentoring Meetings. Your purchase of Reading the Tape includes access to live mentoring sessions conducted with SMB traders daily at 1:30pm Eastern. This give you an inside look at tape reading examples happening in the market that very day.
Review The Tape Reading Video Library On-Demand for 90 Days. The optional library includes recorded videos of group mentoring sessions of our desk watching the tape together. 60+ videos of our desk watching film together is available to you. Junior traders provide recorded videos of trading that highlights important principles of Reading the Tape, with partners and senior traders leading these sessions.
Reading the Tape offers you a look at the market from the most basic perspetive - supply and demand - so that you gain an edge as a day trader. When you read the tape you can determine whether a stock is likely to go up or down from its present price by looking stickly at the bids, the offers, and the prints.
This ability to read the most likely next move in a stock is often absent from your charts, because charts are a lagging indicator. Reading the Tape (RTT) is an important skill that all intraday traders must develop.
Most new and developing traders just learn technical analysis, a little fundamental analysis and then start their trading career. Consequently, they are trading without fully developed trading skills.
Reading The Tape ™ is...
The skill that develops 7-figure traders on our prop desk
The skill we teach to all of our firm traders in NYC
A skill that will give you a complete picture of your trading ability
A technique that has been used by successful traders ever since the beginning of markets