By Roble Regal
The Trading Handbook Vol. 2
90 pages on execution, order flow, and the case for building something nobody else can buy.
90 pages on execution, order flow, and the case for building something nobody else can buy.
This is a description of how I actually operate. What time of day I take risk and why. How to read the order book as a message rather than a ledger. Why the same stock is traded two opposite ways depending on who owns it. How to screen thousands of names down to a handful worth watching. And the three-condition setup I built the last decade on.
Some of it you will not find elsewhere, because I did not get it from anywhere else. It came out of fourteen years of doing the work, keeping records, and being wrong often enough to notice the shape of my own mistakes.
Four parts, in the order the work happens.
You are the first instrument. Trading numb rather than disciplined, a room with no music and no interruptions, and the practice of measuring yourself the way you would measure a holding.
Enter and exit inside the first thirty minutes. Then the lunch window, when the desks thin out and dislocations persist for minutes instead of seconds.
Five algorithmic behaviours you can name, log, and count. What to follow, what to fade, and why the size itself is never the signal.
Above 80% institutional ownership you trade machines, which are consistent. Below 30% you trade people, whose errors are patterned and far more profitable.
Low institutional ownership, high beta, and wide option spreads. The three conditions rarely coincide, and the exit rule is what turns the expectation positive.
Building a screener from nothing, keeping a watchlist you actually have a baseline for, and reading stakeholder language with models to anticipate a print.
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The treasure hunt was the whole point of Volume One. Twelve hidden words, increasing in difficulty through the book, forming the seed phrase to a wallet anyone could watch on-chain. It ran for months and nobody put the full phrase together before the window shut.
When the hunt closed, the answer did not simply disappear. It was sealed into a vault along with a second wallet and instructions for a further challenge, and the way in was left in the open for anyone patient enough to work it out.
Volume Two contains no hidden words. It is a straight trading book. The hunt belongs to Volume One, and that story is finished.
The full account of how the hunt ended, what was sealed away, and how the door opens is still published.
The things people ask before buying.
The best strategies are not published. This one shows you the method, not the parameters.