{"id":42968,"date":"2016-01-12T14:09:22","date_gmt":"2016-01-12T19:09:22","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=42968"},"modified":"2016-01-12T14:09:22","modified_gmt":"2016-01-12T19:09:22","slug":"tick-tick-tick-tools-at-this-trader-dinner","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/tick-tick-tick-tools-at-this-trader-dinner","title":{"rendered":"TICK TICK TICK tools at this trader dinner"},"content":{"rendered":"<figure class=\"tmblr-full\" data-orig-height=\"726\" data-orig-width=\"968\"><img decoding=\"async\" data-orig-height=\"726\" data-orig-width=\"968\" alt=\"image\" src=\"https:\/\/56.media.tumblr.com\/ebdf3286d62f7efb6d1bf14cff16c20e\/tumblr_inline_o0uu6kYJFM1slheli_540.png\"\/><\/figure>\n<p>Last night our trading desk grabbed some Mexican and beers with our top traders for dinner.&nbsp; Generally we trade stocks with a news catalyst (we say Stocks In Play), but recently we have been focusing on market trades.&nbsp; SPY, UVXY, DWTI, OIH, SCO are products of interest.<\/p>\n<p>Many would assume these traders would sit around predicting the bottom in oil, or that this is not the bottom in oil, or where the bottom lower will be.&nbsp; But they didn\u2019t.&nbsp; They mostly talked about tells and tools.&nbsp; TICK tools to be precise.<\/p>\n<p>The main topic of conversation was how to use the NYSE TICK to game market direction.&nbsp; One trader on a call with a veteran trader, who uses TICK, remarked how helpful it was to gain insight about market direction with this indicator from this trader.&nbsp; One shared taking notes <i>while trading<\/i> and learning how to trade SPY best for him.&nbsp; A few others discussed the most significant TICK readings for them.&nbsp; Another talked about a model he had built, turned off, and now wanted to dust off. <\/p>\n<p>These traders had edge with market trades, because of their other trading skills, but they were searching for tools and tells to broaden that edge.<\/p>\n<p>Traders trade.&nbsp; Traders look for ways to improve.&nbsp; Traders talk about tools and tells to broaden that edge.&nbsp; <\/p>\n<p>*no relevant positions<\/p>\n<p><a href=\"http:\/\/smbu.com\/premium\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-42776 size-full\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/11\/joinpremium.gif\" alt=\"joinpremium\" width=\"600\" height=\"300\" onclick=\"ga('send', 'event', 'Banners', 'clicked', 'SMBU Premium GIF');\"\/><\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last night our trading desk grabbed some Mexican and beers with our top traders for dinner.&nbsp; Generally we trade stocks with a news catalyst (we say Stocks In Play), but recently we have been focusing on market trades.&nbsp; SPY, UVXY, DWTI, OIH, SCO are products of interest. Many would assume these traders would sit around predicting the bottom in oil, &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/tick-tick-tick-tools-at-this-trader-dinner\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4830,4829,170,1475,209],"class_list":["post-42968","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-dwti","tag-sco","tag-spy","tag-tick","tag-uso","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TICK TICK TICK tools at this trader dinner | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/tick-tick-tick-tools-at-this-trader-dinner\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TICK TICK TICK tools at this trader dinner | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Last night our trading desk grabbed some Mexican and beers with our top traders for dinner.&nbsp; Generally we trade stocks with a news catalyst (we say Stocks In Play), but recently we have been focusing on market trades.&nbsp; SPY, UVXY, DWTI, OIH, SCO are products of interest. Many would assume these traders would sit around predicting the bottom in oil, ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/tick-tick-tick-tools-at-this-trader-dinner\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-12T19:09:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/56.media.tumblr.com\/ebdf3286d62f7efb6d1bf14cff16c20e\/tumblr_inline_o0uu6kYJFM1slheli_540.png\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" 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