Internet Stock Options & The Tape Reader

The internet stock options market is like a slowly revolving wheel: Whether the wheel will continue to revolve in the same direction, stand still or reverse depends entirely upon the forces which come in contact with its hub and tread.

Even when the contact is broken, and nothing remains to affect its course, the internet stock options wheel retains a certain impulse from the most recent dominating force, and revolves until it comes to a standstill or is subjected to other influences.

The element of manipulation need not discourage any one. Manipulators are giant traders, with deep pockets. The trained ear can detect the steady "chomp, chomp," as they gobble up internet stock options, and their teeth marks are recognized in the fluctuations and the quantities of internet stock options appearing on the tape.

Little internet stock options traders are at liberty to tiptoe wherever the food trail leads, but they must be careful that the giants do not turn quickly on them. The tape reader has many advantages over the long-term investor. He never ventures far from shore; that is he plays with a close stop, never laying himself open to a large loss.

Accidents or catastrophes cannot seriously injure him because he can reverse his position in an instant, and follow the newly- formed stream from source to mouth. As his position on either the long or short side is confirmed and emphasized, he increases his line, thus following up the advantage gained.

A pure tape reading day trader does not care to carry internet stock options over night. The tape is then silent, and he only knows what to do when it tells him. Something may occur at midnight which may crumple up his diagram of the next day's internet stock options market. He leaves nothing to chance; hence he prefers a clean sheet when the market gong strikes. By this method interest charges on margin are avoided, reducing the percentage against him to a considerable extent.

The tape reader is like a vendor of fruit who, each morning, provides himself with internet stock options of the choicest and most seasonable products, and for which there is the greatest demand. He pays his cash and disposes of the goods as quickly as possible, at a profit varying from 50 to 100 per cent on cost. To carry his internet stock options over night causes a loss on account of spoilage. This corresponds with the interest charge to the internet stock options trader.

The fruit vendor is successful because he knows what and when to buy, also where and how to sell. But there are stormy days when he cannot go out; when buyers do not appear; when he is arrested, fined, or locked up by a blue coated despot or his wares are scattered abroad by a careless trackmen. All of these unforeseen circumstances are a part of internet stock options trading and life, in general.

Wall Street will readily apply these situations to the various attitudes in which the tape reader finds himself. He ventures $100 to make $200, and as the internet stock options market goes in his favor his risk is reduced, but there are times when he finds himself at sea, with his internet stock options deteriorating. Or the market is so unsettled that he does not know how to act; he is caught on stop or held motionless in a dead internet stock options market; he takes a series of losses, or is obliged to he away from the tape when opportunities occur. His calculations are completely upset by some unforeseen event or his capital is impaired by overtrading or poor judgment.

The vendor does not hope to buy a barrel of apples for $3 and sell them the same day for $300. He expects to make from nothing to $3 a day. He depends upon a small but certain profit, which will average enough over a week or a month to pay him for his time and labor.