Tape Reading: Learn how to read the tape for day trading

Learn how to read the tape, a technique of day trading veterans use to profit from the stock market every day!
4.29 (739 reviews)
Udemy
platform
English
language
Investing & Trading
category
instructor
Tape Reading: Learn how to read the tape for day trading
3 884
students
14 hours
content
Mar 2014
last update
$29.99
regular price

Why take this course?

Based on the content provided, here's a summary and response to the key points mentioned in the text:

Summary of Course Benefits:

  • The course provides a comprehensive understanding of tape reading, an essential skill for traders that goes beyond what is visible on charts.
  • It covers various levels of information (Level I & II) and prints that indicate buyer and seller activity in the markets.
  • It teaches how to identify big bids and offers, hidden buyers and sellers, and understand the significance of speed in intraday trading.
  • The course also discusses high-probability setups, risk/reward management, and how to lower your trading risks.
  • It includes video tutorials that help solidify the concepts taught in the course.

Testimonials from Students:

  • Blake (@tiderinsider2) highlights the transformation from feeling overwhelmed by market speeds to now being able to identify buyers and sellers and find trades with excellent risk/reward profiles.
  • Speero (@speerothekid) acknowledges the value of the content, which is both relevant and a significant educational resource for traders.
  • Mark - Nemo emphasizes the importance of understanding the tools available on trading platforms and the practical examples provided in Jose's course, which are crucial for refining basic tape reading skills.

Additional Offers:

  • The next 5 people who purchase the course will receive additional bonuses worth $400, including 6+ tape reading video tutorials.
  • Lifetime access to the course materials is provided upon purchase.

Response to FAQs and Additional Information:

Q: Is this course suitable for beginners? A: Yes, the course is designed to be accessible to beginners who are looking to learn tape reading. It starts with the basics and progresses to more advanced concepts.

Q: What makes tape reading a valuable skill for traders? A: Tape reading provides insights into market order flow, which can help traders make more informed decisions by understanding the actions of both buyers and sellers in real-time. This skill allows for a deeper understanding of market dynamics and can lead to better trade entries and exits.

Q: Are the video tutorials easy to follow? A: Based on student feedback, the video tutorials are clear and demonstrate the core dynamics of tape reading effectively, making them an excellent resource for both visual and auditory learners.

Q: Is it worth the investment? A: Students who have taken the course have expressed that the value they've gained from the course far exceeds the initial investment, citing saved time and money due to a better understanding of market mechanics and improved trade decision-making.

For those interested in improving their trading skills through tape reading, this course appears to be a valuable resource with a strong emphasis on practical application and real-world examples. The inclusion of bonuses and lifetime access adds to the overall value proposition.

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Comidoc Review

Our Verdict

Tape Reading: Learn how to read the tape for day trading is a double-edged sword, offering a wealth of knowledge about reading Level 1 and Level 2 while underdelivering on connecting price action with support and resistance. It uses real-life examples and delivers content suitable for beginners; however, its age and unengaging instructional videos may deter some from benefiting fully from this course.

What We Liked

  • Comprehensive course covering the fundamentals and advanced techniques of tape reading
  • Examples and instruction using real-life Level 1, Level 2 and time & sales data
  • Highly valuable content for day traders looking to improve their trading performance
  • Clear and simple explanations suitable for beginners wanting to learn tape reading

Potential Drawbacks

  • Minimal coverage of how price action, support, and resistance correlate with the tape
  • Instructional videos lack in-depth explanation, leaving the viewer to guess why prices move on Level 2
  • Slightly outdated, as it doesn't address recent changes in platforms and their visuals
  • Instructor seems unresponsive to inquiries and no longer supports the course
188418
udemy ID
25/03/2014
course created date
16/04/2020
course indexed date
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