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THERE is a widespread demand for more light on the subject of Tape Reading or the reading of moment by moment transactions in a stock.Thousands of those who operate in the stock market now recognize the fact that the market momentarily indicates its own immediate future; and That these indications are accurately recorded in the […]
Richard D Wyckoff - The Day Trader's Bible - Or My Secret In Day Trading Of Stocks
THERE is a widespread demand for more light on the subject of Tape Reading or the reading of moment by moment transactions in a stock.Thousands of those who operate in the stock market now recognize the fact that the market momentarily indicates its own immediate future; and That these indications are accurately recorded in the market transactions second by second; and Therefore those who can interpret what transactions take place second by second or moment by moment have a distinct advantage over the general trading public.Such an opinion is warranted, for it’s well known that many of the most successful traders of the present day began as Tape Readers, trading in small lots of stock with a capital of only a few hundred dollars.
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