According to Alexander Paul Morris, Top Trader and Creator of
the Highly Acclaimed tymoraPRO Trading Platform, there are
techniques that can be used to detect when you may not be at
your peak "trading prowess", and steps you can take to get back
your psychological edge. Once you have your edge, he also
discusses several unique ways of analyzing the markets. For
example, Mr. Morris explains how stocks can still be analyzed
and even traded as if the old spreads were still intact.
Quoting Mr. Morris from the interview, "If the market is trading
25.0-.04, and it goes to 25.01-.04, maybe we could still say how
about just considering any activity from 25.0-.05 at the same
level. This is exactly what TYMORA does. It automatically
figures out what the best increment is based on the trading
activity and spreads in a particular stock."
He also discusses how trading and scalping stocks can be, on
some level, compared to playing a game of poker. One apparent
misconception is that Goldman Sachs (GSCO) is always one of the
top forces to be reckoned with in trading Nasdaq stocks. Mr.
Morris explains to Dave Goodboy of RealWorldTrading.com that in
fact this information can change moment-by-moment. "...TYMORA,
in fact, keeps track of all that information. For example, if we
look at ONXX, a stock I was trading on Friday, TYMORA currently
indicates that ETRD (E-Trade) is currently ranked as the #1
Market Maker. Probably not who you would normally expect.", he
says. He also goes on to explain, "In fact, if GSCO is the one
in control, maybe we would be less inclined to trade that stock
right now too unless we get a very clear read of what's going
on. Why? Simple - think of poker. ... Do you want to go up and
bet against the world champion, or rather the Sunday afternoon
amateur poker crowd?"
Mr. Morris is also a highly skilled programmer, as he has been
able to program all of the techniques and methods that he
discusses in the interview into a complete advanced trading
platform that generates sophisticated real-time trading alerts,
offers proprietary charting algorithms, and provides a
completely unique view and methodology of analyzing the markets.
The platform is compatible with data vendors such as eSignal,
and is also offered as a complete trading solution through
affiliated broker-dealers. A limited time 14-day free trial of
the platform is available to those visiting
http://www.yourika.com.
For those interested in reading the complete interview, it is
also available online at:
http://www.realworldtrading.com/index.cfm'section=interviews&id=4
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