A few years ago I was giving a presentation to a crowd of 330 traders and when I asked a question, not one of those traders in the room raised their hand to answer me. My question? “Who here watches your time and sales window when you trade? In other words, who here knows how to read the tape”?
As soon as I realized not one person had raised their hand to confirm they also watch their time and sales window, a rush of emotions went through me. At first I was in shock and disbelief that so many people trade blindfolded. But then an urge of gratification came over me because I realized that I was there to inform and educate these people.
All of these traders were trading with a blind fold on and they didn’t even know that this was the case. To me it always made sense that if you are going to invest in a stock, you would want to see who else is also investing in that particular stock and what price they are buying or selling it.
How to Profit Off the Dark Pool
Did you know that over 40% of all the volume in the market is being executed in the dark pool?
Following the Dark Pool can be extremely profitable. It has allowed me to have a 93% success rate in my trading and helped me call the last 9 stock market corrections.
So what exactly is a Dark Pool?
Quite simply, they are the way the big market makers HIDE their monster sized trades so that no one else can see them until AFTER they are completed.
and in my unique, colorful, animated workshop, I teach you how to profit off the dark pool…
•How to spot 9 different corrections before they happen by following the dark pool prints.
•Learn how to find the “Whisper of the day”
•Learn the 4 different types of dark pool prints and how to trade them.
•6 Basic Rules of Swing trading that everybody needs to know.
•How to increase your success rate with candle stick patterns by reading the tape.
•Fundamental versus technical analysis.
And Much More!
I personally want to see everything. I want to see every single transaction that happens in my stock. I want to see where the smart money is buying and where the smart money is selling. Every buy and sell is recorded and printed in your time and sales window, so I couldn’t understand why traders would wan’t to see the transaction history in the stocks they were selling or purchasing.
Trading is like driving a car. In order for a car to go up the hill, it needs gasoline. In order for stock to go up it needs volume. You wouldn’t get into a car and start driving without looking to see if there was gasoline in the tank would you?
Well that is exactly what you are doing when you enter a trade and you don’t look to see if there is any volume before initiating the transaction. Sure we can see volume on our charts, but it’s in our time and sales window where we are able to see at what price most of the volume is actually happening.
Bottom line make sure you learn and get into the habit of reading the tape because it can keep you out of many bad trades and introduce you to many great trades.
By the time my 30 minutes was up, I had taken off everybody’s blind fold. I had done my job. Being an educator has its priceless moments and this was definitely one of them.
Until next time,
Stefanie Kammerman, has trained thousands of students worldwide how to Day Trade and Swing Trade over the past 22 years. She is the Founder and Managing Director of The Stock Whisperer Trading Company, www.thestockwhisperer.com where she runs an online educational trading room called “The Java Pit”. Her unique approach of old fashioned trading in a high tech world teaches her students how to trade by reading the tape and following the Dark Pool, which is how she spotted the last 9 corrections weeks before they happened.