Studies in Tape Reading
$13.78
| Author(s) | , |
|---|---|
| Pages |
190 |
| Format |
|
| Published Date |
1900 |
What is Tape Reading? This question may be best answered by first deciding what it is not. Tape Reading is not merely looking at the tape to ascertain how prices are running. It is not reading the news and then buying or selling “if the stock acts right.” It is not trading on tips, opinions, or information. It is not buying “because they are going up,” or selling ·”because they look weak.” It is not trading on chart indications or by other mechanical methods. It is not “buying on dips -and selling on bulges.” Nor is it any of the hundred othe foolish things practised by the millions of people without method, forethought or calculation.
Tape Reading seems to us : The science of determining from the tape the immediate trend of prices. It is judging from what appears on the tape now, what is likely to be shown in five minutes or more. It bears no relation to clairvoyancy and we do not believe that spirits of departed friends could be of assistance to students. Tape Reading is rapid-fire horse sense. Its object is to determine whether Union Pacific, which is now 159, will sell at 160 before158, or vice versa ; to make deductions from each succeeding transaction every shift of the market kaleidoscope; to grasp a new situation, force it lightning-like through the weighing machine of the brain, and to reach a decision which can be acted upon with coolness and precision-all within the space of a few seconds.
Contents:
- Introductory
- Preliminary Suggestions
- The Stock List Analyzed
- Stop Orders, Trading Rules, Etc.
- Volumes and Their Significance
- Market Technique
- Dull Markets and Their Opportunities
- The Use of Charts as Guides and Indicators
- Daily Trades vs. Long Pull Operations
- Various Examples and Suggestions
- Obstacles to be Overcome-Possible Profits
- Closing the Trades-Suggestions for Students
Studies in Tape Reading By Rollo Tape And Richard D. Wyckoff PDF
12 reviews for Studies in Tape Reading
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Adelynn Francis (verified owner) –
Timeless, easy-to-digest advice. All of this still applies in todays markets.
Thoroughly enjoyed reading this and one of the best old trading books.
Kendall Flynn (verified owner) –
The publication of the book lacks a bit of affection. But what matters is the content, and it’s excellent, as Wyckoff had so much market knowledge 100 years ago and it seems that some of that knowledge was lost in the midst of so many graphic theories of technical analysis.
Zola Morris (verified owner) –
Material in this book is a century old. If you like to read books or tape reading of Jesse Livermore or traders of the period, this book is a good insight.
Emelia Giles (verified owner) –
Great book!
Rayden Friedman (verified owner) –
Interesting reading if only for the history of it. Did not manage to pick anything that would be applicable to today’s markets unfortunately. I would suggest that people interested in tape reading continue looking.
Alina Cooper (verified owner) –
Thanks
Martha Castaneda (verified owner) –
How many stars? At least 5
Kyler Barrett (verified owner) –
The study of price as it relates to volume is IMO the most necessary info to know in trading. Wykoff is the father of such studies and he hasn’t been inproved on except in charting technology. However charting has greatly improved in it’s ability to pinpoint where volume enters the market. Therefore, RW’s pictures of tape readings and exhortations to record time and sales can be passed over in lieu of volume histograms.
Great bang for the buck.
Aspyn Valdez (verified owner) –
The more things change the more they stay the same. A wonderful read when you have traded for a while to see that nothing has changed
Layne Gilbert (verified owner) –
Ok, first off, this book isn’t that great in the first place. There were a couple of good trading tips but nothing earth shattering.
Harvey Hicks (verified owner) –
This book is a very good addition to ones trading library. I liked it so much, that after reading it, I ordered all the other books by Richard Wyckoff available on Sacred Traders.
These books from the early 1900s reinforce the idea that there’s nothing new in the markets. Nowadays you hear a lot of howling that GS or the Fed manipulates the markets and the little guy has no chance in making any money trading. Well, just do a search for the words ‘manipulator’ and ‘manipulation’ in this book. 🙂
Collin Moyer (verified owner) –
This is the book that begin it all for me. It got me into reading price and volume together and introduced me to how accumulation and distribution are conducted.