don't fight the tape(redirected from Do Not Fight the Tape)
Don't fight the tape
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Don't Fight the Tape
A maxim stating that one should not trade against the general trend. Essentially, the phrase advises investors to follow the crowd; that is, one should buy when prices are rising (and when everyone else is buying) and sell when prices are falling (and everyone else is selling). See also: Behavioral economics.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
don't fight the tape
A market axiom that asserts an investor shouldn't buy stocks during a major decline or sell stocks during a strong market advance. The guidance is based on the belief that price movements for individual stocks and the overall market gain momentum so that it is more likely to be profitable to trade with the trend than against the trend.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.