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Tape Reading and Market Tactics

Tape Reading and Market Tactics

List Price: $18.95
Your Price: $16.11
Product Info Reviews

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Rating: 5 stars
Summary: Wanna make money? read this book!
Review: As an active and profitable day trader (who makes a living trading) , I've read almost all the classics, in my opinion better than any book i've read! Definetly as good as "Reminiscences of a Stock Operator".

Wish all books were so succinct, i would've finished college in 1 year.

If you want to make money, read it!

Rating: 5 stars
Summary: A real chart reading education
Review: If you want to know how to spot short-term accumulation or distribution, how to read volume and price change, this is THE book to read. It focuses on just that topic and is very clear.

It's not really "tape reading" in the sense that he tells you how to spot trends by reading ticker tapes. What he did was write down all the sales and the volume during the day for certain stocks and made a graph of the stock at each sale. Day traders or short term traders may find this book very useful.

Rating: 5 stars
Summary: A Must for Traders
Review: IMHO, one of the two best traders books ever written, alongside Reminiscenes of A Stock Operator. As opposed to most traders' books that are very much focused on price-centric indicators and pays lesser attention to volume, tape-reading is truly a gem that observes the important co-relation between price and volume, the latter being the fuel of every play.

Tape-reading doesnt predicts target prices of a stock play as opposed to most methods (eg elliot wave) but lets volume (or lack thereof) be the ultimate determinant of a continuation of a move or otherwise. Since I have never been a technical indicators' fan, I now trade solely on tape-reading principles with simple charting techniques using candlesticks (paying due attention to volume on formation of important patterns) and doing very decently ever since.

Great stuff !!!

Rating: 5 stars
Summary: A Must for Traders
Review: IMHO, one of the two best traders books ever written, alongside Reminiscenes of A Stock Operator. As opposed to most traders' books that are very much focused on price-centric indicators and pays lesser attention to volume, tape-reading is truly a gem that observes the important co-relation between price and volume, the latter being the fuel of every play.

Tape-reading doesnt predicts target prices of a stock play as opposed to most methods (eg elliot wave) but lets volume (or lack thereof) be the ultimate determinant of a continuation of a move or otherwise. Since I have never been a technical indicators' fan, I now trade solely on tape-reading principles with simple charting techniques using candlesticks (paying due attention to volume on formation of important patterns) and doing very decently ever since.

Great stuff !!!

Rating: 5 stars
Summary: Wanna make money? read this book!
Review: This is a good book on volume if you are just getting started. He goes over how to spot accumulation and distribution in detail. However, you can tell that this information has been copied in so many other books on price and volume action of a stock. So if you have a good understanding on volume then I wouldn't buy this book. I bought this book on the recommendation of IBD and after reading I didn't learn that much. I would buy How to Make Money in Stocks if you don't already have it, instead of this book.

Rating: 3 stars
Summary: Good beginning book on volume
Review: This is a good book on volume if you are just getting started. He goes over how to spot accumulation and distribution in detail. However, you can tell that this information has been copied in so many other books on price and volume action of a stock. So if you have a good understanding on volume then I wouldn't buy this book. I bought this book on the recommendation of IBD and after reading I didn't learn that much. I would buy How to Make Money in Stocks if you don't already have it, instead of this book.


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