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Don't fight the tape

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An 1892 drawing of a ticker tape machine

Don't fight the tape is a term used in finance. It means do not bet or trade against the trend in the financial markets, i.e., if the broad market is moving up, do not bet on a downward move. The term "tape" refers to the ticker tape used to transmit the price of stocks.[1][2] It is analogous to the trader's maxim, "The trend is your friend."

See also

References

  1. ^ Barron's finance & investment handbook by John Downes, Jordan Elliot Goodman 2003 ISBN 0-7641-5554-7 page 353
  2. ^ Wall Street words by David Logan Scott 2003 ISBN 0-618-17651-9 page 113


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