fight the tape

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Fight the Tape

To buy when most traders are selling and vice versa. Generally speaking, investors are advised not to fight the tape; most analysts consider it irrational behavior.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

fight the tape

To trade securities against the trend. A trader fights the tape if he or she continues to buy stock in a declining market or sell stock in a rising market. One of the axioms of stock market trading is to not fight the tape. Of course, the premise is that a trader is actually able to determine what the tape is really saying.
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.
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Bob Davis, the rapid-fire president and CEO of Lycos acknowledged that the company was "always fighting the tape" and admitted that "a lot of people misjudged how difficult it would be" including himself, Wetherell and Barry Diller, chairman of USA.

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