Alastair

IMHO all data is important. But by way of this thread, I will ask Paras to comment directly as he is an authentic tape reader (demoed in BBT room many times) and is in the process of dev a focused tape reading course for BBT members. @Sultaan aka Paras Jandwani. During one of his first tape reading sessions in the BBT room he actually presented this observation. I will let him respond to this here in his own words...I hope he responds. Floor is open to you Paras.................

Interesting view/interpretation of these orders. BBT Moderator Paras uses them for a different interpretation, maybe you should run ur views by him on Tuesday and/or Thursday around 10 AM EST. He uses the orders to tell him a story abt what is abt to happen.

A perfect response to ur question from a professional trading company. Why Reading the tape is so important ($TSLA Example) - YouTube

They claim to have made adjustments/improvement to it starting today. I have not been able to confirm if it has an improvement. A few of the tickers are not as low as before for some tickers but have not made a comprehensive examination inside DAS.

Thks for the heads up.. Wht is the objective of CMEG with this new position ? Do they want traders to increase the size of the accts ? Is it that they need assets (i.e funds in the traders acct) to justify being a broker ? Maybe its better they issues a doc with tickers that give the 6:1 margin. Can u post the doc here ?

Tape reading......is just another indicator........the trader uses it, if it fits into ur strategy. If it does not fit, drop that indicator. Some traders do not use RSI, others love it. It boils down to ur style of trading and objectives. Some traders do not use candle stick charts, only L2 and T&S to trade. U need to decide that.

Sorry pls forgive me.......SMB is the initials of SMB Capital a prop firm that trades and has a youtube channel. The channel teaches an very very basic intro in the SMB concepts., see it here https://www.youtube.com/user/smbcapital/videos They have made a few presentation to the BBT community. Bella and Andrew are friends. Check it out. Many many vids including tape reading. They do not give away the core of the training. Not sure how advanced u are on tape reading but I wrote some basic stuff here........https://forums.bearbulltraders.com/topic/1916-bookmap-for-learning-level-2-and-ts/?tab=comments#comment-14463 and I point to some of the SMB vids.

For me YES. Tape reading using the SMB training concepts allows a trader to fine tune an entry and stop placement A trader will watch the inside box and T&S as taught by SMB for best entry. This will improve ur R vs R. . When transactions are moving extremely fast you still watch the inside box but may focus on the colors being displayed in T&S and lowest TF of chart as possible. But I use SMB model of tape reading.

Updates........this could be an opportunity for BBT members if done correctly.........approach SAGICOR for better rates to BBT members. As stated I saw this coming (see other posts) and it could be good news for BBT clients if the buyers keep the service. Sagicor is a great financial institution. across the Caribbean. Now I am not sure they will keep the services which BBT members use...............this still needs to be seen. If they keep it, the costs could drop and better efficient services could be offered. It may take some time to onboard all the AIM services into SAGICOR GROUP. https://jamaica-gleaner.com/article/business/20220427/sagicor-investments-buying-aiml-securities-business

Ok here are the updates............................. As stated I saw this coming and it could be good news for BBT clients if the buyers keep the service. Sagicor is a great financial institution. across the Caribbean. Now I am not sure they will keep the services which BBT members use...............this still needs to be seen. If they keep it, the costs could drop and better efficient services could be offered. It may take some time to onboard all the AIM services into SAGICOR GROUP. https://jamaica-gleaner.com/article/business/20220427/sagicor-investments-buying-aiml-securities-business

I have seen a few recent YouTube videos with 200-300 download speed using the SPEEDTEST app. Depends on your location in US or the world.

Generally the theory is the higher % held by institutions the more volume will be transacted as Institutions ENTER or EXIT positions of the stock. Thus a institutions transactions will trend for a few days as the institution positions itself, as large positions take days to be filled to the required investment size of the institutions. The higher the better for possible trending This is subjective and different traders have different % amt. I like 75%, but have no way to say that this is "right".

I had this issue some time back. It showed itself for a couple of days and then disappeared. For me I noticed, if I did not shutdown/restart my computer for days it slowed. So I normally RESTART my system just before I start my morning stock selection process, so I have a "fresh" system. One other thing I noticed is that the DAS Process does not die when u close the DAS app (only happens on my main trading system.) DAS dies when app is closed on my 2 laptops.....That's the main reason why I do a RESTART. U can check if the DAS process is still running after u close the app by looking at the running processes. After a week of trouble shooting with DAS system programmers we concluded that I had some software installed that was using a version of Windows .NET that was not compatible with .NET version that DAS uses. The easy solution was to restart ...... I have too much other software to try to figure out which was the offending app. When i change systems again I will observe as i install each app. In summary just restart computer and see if that is a solution for u.

Not sure if the following info would help, but understand version....16, currently in beta can cancel just the STOPS only. Then would need to figure how to put each back at the AVGCOST. Jus my 2 cents.

Hey @peterB ....... I like ur rules its simple, and no stress. How do u select ur stocks to apply this rule ? Do u read tape to help with entry/exits ?