Tape Reading and Market Tactics

[MadMarketScientist 11]

The Three Steps to Successful Stock Trading. New 1970 edition of the classic about the mechanics of stock trading with a recent foreword by the author. Historically, the best selling book on the subject, Neill tells not only how to read the tape, but also how to reason out what's happening behind the scenes. Superb chapters on human nature and speculation. Figures and charts. Originally published in 1931.

[TheNegotiator 13]

The best kept secret. In my opinion this is a book well known to professionals and not to amateurs. Most people lose money in the markets.

 

Originally published in 1931, this is a classic book focusing on tape reading and price and volume analysis. Why is this book so important? Tape reading and volume are pure information. Being able to read both gives you a tremendous edge over other traders. In my opinion it is as good as "Reminiscence of a Stock Operator". I have gained tremendous market wisdom by studying Neill's book over and over. Neill takes a true contrary approach as noted in one of his advices to investors: "beware of the crowd. When everyone thinks alike, watch out. They're probably wrong."

 

This is ranked 3rd next to Reminiscence of a Stock Operator and Mind OVer Markets in my all-time favorite trading book.