Traders Audio

[sergey22 10]

Hey guys,

 

I'm curious if any of you are using pit noise or squak audio from S&P 500 pit (specifically for trading YM). I know that Tradethemarkets is using it for daytrading and I wanted to get an outside opinion.

 

For myself, I've been listening to it for the past month and I can't really say yet if it helps or if it makes it worse....

 

 

Thank you for your opinions!

[Sparrow 10]

Hi Sergey,

 

Here's something for you.

 

Cheers

[JBahn 10]

Interesting Post. I have been pondering adding audio to my trades as well but have yet to do so.

 

If you could, please add what service you use to pipe into the pit.

 

Thanks.

[brownsfan019 17]

It's a distraction in my opinion.

[Hlm 10]

I agree with brownsfan about it being a distraction. However, it can be very interesting to listen to during large news announcements such as FOMC. I also find the commentary interesting when a top ten local comes in and pushes the market his way during a slow lunchtime. Such a service gives you a better look at the human nature behind the market...but I would never trade off of it. As to using it just as background noise...it completely depends on the individual.

 

I am only familiar with tradersaudio.com

[Soultrader 12]

Anyone have pit noise that would be up for broadcasting direct on the site? I can build a audio server called shoutcast. Or is that not legal?

[brownsfan019 17]

Anyone have pit noise that would be up for broadcasting direct on the site? I can build a audio server called shoutcast. Or is that not legal?

 

Don't know how that works James - I've seen chat rooms that broadcast it into the room, so I guess you can.

 

I have no idea on the legality of it but it's being done to my knowledge. Been awhile since I was in the chat room circuit however.

[Tasuki 10]

Anyone have pit noise that would be up for broadcasting direct on the site? I can build a audio server called shoutcast. Or is that not legal?

 

James, it would certainly be worth asking Ben at TradersAudio.

[Hlm 10]

James, it would certainly be worth asking Ben at TradersAudio.

If anything maybe Ben would agree to allow it to be played once or twice during certain times of the day. My guess is that it would be illegal to straight out restream it the whole day on a forum. At that point why would anyone pay them?

[darthtrader 10]

TTM has a tradersaudio webinar up for free

http://www.tradethemarkets.com/public/department79.cfm

 

I haven't tried it yet but will at some point, Ben himself says that some people will find it worthless, others invaluable.

[juniorh 10]

Need to know what to listen out for. Learnt from itradepod that Locals getting stuck is a good heads up to fade their position especially when Commercials are on the other side of the Locals trade at the time.