Product Description

This classic work remains the benchmark in tape reading and price and volume analysis in speculation. Historically one of the best selling titles on this topic, Tape Reading is a testament to the real genius of Neill and his grasp of human nature. A true pioneer in contrarian thinking, Neill is steadfast in his advice to break away from the unknowing and invariably unsuccessful public: "Beware of the crowd. When everyone thinks alike, watch out. They're probably wrong." Neill s philosophy pushes the reader to study hard and pay his or her dues. He insists that the successful trader is an educated entrepreneur one who can make reasoned decisions based on the movements of price and volume. For Neill, only proper and continuous study equals success. In today's technologically complex trading environment, Neill s simple advice still rings true: Mechanical forecasting will never take the place of intelligent judgment. Neill made a statement to his generation and to all that have followed: don't follow the crowd, learn the tape.

Product Details

• Amazon Sales Rank: #34733 in Books
• Published on: 2008-08-22
• Original language: English
• Number of items: 1
• Binding: Paperback
• 240 pages

Customer Reviews

How to interpret market action
This is a very good basic guide to reading the ticker tape or level 2 quotes. Even though this book was written in 1930 it is just as useful today. The author explains how to make decisions based solely on market action and ignore tips, opinions, and the media. The ticker tape does not lie watch for sustained price increases on large volume to spot stock operators and money managers taking large positions and get on board after a confirmed move. Trade only 6-12 times a year for intermediate moves or go long, the odds are against successfully scalping a few points here and their. Do not attempt to buy at the bottom or sell at the top, just take the meat of the move as profit. Let winners run but sell losers quickly. This book is 100% focused on the technical aspects of stock trading with fundamentals not mentioned. The author really wants the reader to take away the understanding that all stock prices are based on supply and demand and a stocks true value is the price you can get a buyer to buy it from you. You must trade stocks just like they are merchandise with the intent to sell them for more than you paid for them, reduce the ones that are out of season and hold the ones that are growing in demand. Does any of this sound familiar? This book is a great classic with all the basics on reading technical moves and money management against huge losses. I recommend this one for beginners are a refresher for seasoned traders.

Best book I have read that helped me make money in the market
This book helped me to understand when a stock is being accumulated or distributed. As the author points out, that is all you need to know to make money and keep what you make. It is an excellent book and a must read.

History is they key
This book is a great primer on chart reading and momentum investing. Some of the key elements of investing back then can be used in modern investing.