Classroom Courses

One to One with Alan Rich

A full day of individual tuition with well known Nasdaq trader Alan Rich who will explain how Nasdaq Level II direct access gives traders an advantage others find difficult to imagine.

With the Nasdaq being an electronic market, seeing what is REALLY happening and being able to transact directly onto your screen like a market maker has been described by many as sensational. The quickness of transactions and the reading of the screen for possible moves has opened up the way for fantastic entries and exits. Anyone who has these facilities and knows how to use them has an enormous advantage over anyone else. This course is designed to give you that advantage.

Topics Covered:

• What is Nasdaq level 2 direct access
• Types of level II screens
• A complete breakdown of the level 2 screen and how it works
• Types of orders and when to use them
• How to read the screen and understand the moves
• Using Island and other ECN's to your advantage
• Finding the lead market maker (the AX) and why he is so important
• How to see the market makers preparing to move the stock
• Trading before and after hours
• Invisible support and resistance
• Timing for entries and exits
• Reading momentum. Risk/reward in different time frames

• How to manage stop losses on the Nasdaq level 2 screen
• How to short stocks on the level 2 screen for profits in falling markets
• Saving the spread.
  Styles of trading and how to manage the trade
• Using the level 2 screen to trade the major US indices.
  Strategies
• An overview of the type of profitable stocks to trade
• A review of important market information to be aware of.
• The trading will be in paper trade format to establish confidence and practical trading skills
• Advice will be on hand from an experienced level 2 direct access trader.