The most important professional side group you need to learn to trad with are the professional traders. Many work for the Sell Side Institutions on huge trading floors or from their home office. Some work for the Buy Side Institutions and trade for the Giant Pension funds companies, Mutual funds companies and Derivatives Developer companies.
There are also Independent Professional Traders which is a growing number of floor traders who now trade in the home office for themselves.
One thing about pro traders you need to remember is they are highly competitive and do not share anything. They are loners and prefer a quiet place where they can trade uninterrupted. They do not have chat groups. They do not have guru groups.
They are reclusive and you will never see them giving a retail news interview.
Their trading is to track the Dark Pool hidden quiet accumulation or quiet rotation to sell short. They do not move price in big runs up or down.
Instead the use very controlled, bracketed orders that keep a tight penny to few penny spread as their entry price. The do not use VWAP. Instead, they use TWAP Time Weighted at Average Price which sets up an order on the millisecond time frame to ping automatically at a specific price range that is very tight.
Learning to read stock charts so that you can see the pro trader setups which start often 3-5 days ahead of the actual momentum run that follows their pro trader nudges candle patterns. These candle entry signals are not in the older Candlestick books. Nudges as an entry signal started a few years ago and now is the standard for most pro traders.
When you can read a stock chart, and in particular candlesticks, then you will be able to pick out the professionals easily.
Volume is often below its average as professionals are not making the momentum, they are using their strategies for swing trading to entice smaller funds, or HFTs or retail traders to move price for them. Thus they have an easy free ride of price movement.
Instead of waiting for a big gap learn how to enter early. Learn how to be patient and wait and then learn how to exit when the pros are selling into the buying spree of smaller funds and retail groups.
There are also Independent Professional Traders which is a growing number of floor traders who now trade in the home office for themselves.
One thing about pro traders you need to remember is they are highly competitive and do not share anything. They are loners and prefer a quiet place where they can trade uninterrupted. They do not have chat groups. They do not have guru groups.
They are reclusive and you will never see them giving a retail news interview.
Their trading is to track the Dark Pool hidden quiet accumulation or quiet rotation to sell short. They do not move price in big runs up or down.
Instead the use very controlled, bracketed orders that keep a tight penny to few penny spread as their entry price. The do not use VWAP. Instead, they use TWAP Time Weighted at Average Price which sets up an order on the millisecond time frame to ping automatically at a specific price range that is very tight.
Learning to read stock charts so that you can see the pro trader setups which start often 3-5 days ahead of the actual momentum run that follows their pro trader nudges candle patterns. These candle entry signals are not in the older Candlestick books. Nudges as an entry signal started a few years ago and now is the standard for most pro traders.
When you can read a stock chart, and in particular candlesticks, then you will be able to pick out the professionals easily.
Volume is often below its average as professionals are not making the momentum, they are using their strategies for swing trading to entice smaller funds, or HFTs or retail traders to move price for them. Thus they have an easy free ride of price movement.
Instead of waiting for a big gap learn how to enter early. Learn how to be patient and wait and then learn how to exit when the pros are selling into the buying spree of smaller funds and retail groups.
Martha Stokes, CMT
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Martha Stokes, CMT
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.