Tape Reading & Market Tactics (Marketplace Classics) [Paperback]

Humphrey B. Neill (Author)

Book Description

Series: Marketplace Classics | Publication Date: January 7, 2007

New conditions will arise. A new trading public will be born. However, the old cycle of rallies and reactions will roll on. Although originally published in 1931, 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. The Marketplace Books Classics Series With titles ranging from the hallmark Think and Grow Rich by Napoleon Hill to The ABC of Stock Speculation by S. A. Nelson, our original and unabridged series hopes to illuminate the steadfast values and advice for investment and trading that have not changed in over seventy years. It is our hope that careful and open-minded examination of these books will show that financial wisdom is something that transcends time. We have made the conscious choice to publish these classic works in their full and original state in an accessible paperback format. We encourage you to read slowly, bookmark pages, make notes, and immerse yourself in these books original essences. We think you will be amazed at how little the core advice for trading the mar

Product Details

• Paperback: 130 pages
• Publisher: Marketplace Books (January 7, 2007)
• Language: English
• ISBN-10: 1592802621
• ISBN-13: 978-1592802623
• Product Dimensions: 9.1 x 6 x 0.3 inches
• Shipping Weight: 7.2 ounces (View shipping rates and policies)
• Average Customer Review: 3.9 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #1,146,995 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

16 of 16 people found the following review helpful:

4.0 out of 5 stars How to interpret market action, June 24, 2007

By 

Steve Burns (Nashville, TN) - See all my reviews
(VINE VOICE)    (TOP 500 REVIEWER)   

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This review is from: Tape Reading & Market Tactics (Marketplace Classics) (Paperback)

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.

8 of 8 people found the following review helpful:

3.0 out of 5 stars helpful book, December 21, 2008

By 

A. Little "wasp" (New Zealand) - See all my reviews
(REAL NAME)   

This review is from: Tape Reading & Market Tactics (Marketplace Classics) (Paperback)

The book, written in the 1930's, explains principles that have not changed, showing how to interpret price movements using volume to tell you what the "smart money" are likely to be doing.
It is not a system, nor is it a complete guide, and it was written before the age of computers. But I consider it one of the most valuable books I have read on trading.
I would recommend it for someone who already has some experience at trading, and wants to move past the commonly used indicators (MACD, RSI, etc) and get an insight to what is REALLY driving prices.

9 of 10 people found the following review helpful:

5.0 out of 5 stars Best book I have read that helped me make money in the market, January 2, 2008

By 

Lewis J. Crittenden "Okie in Argentina" (Buenois Aires, Capital Federal Argentina) - See all my reviews

This review is from: Tape Reading & Market Tactics (Marketplace Classics) (Paperback)

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.