DeMark On Day Trading Options: Using Options to Cash In on the Day Trading Phenomenon

I enjoyed this book immensely and since I have been trading for over 30 years and never read anything approaching the uniqueness of this book. I also read with much interest the author’s other two bboks. However, the reason I would prefer not to assign a full 5 stars is because I truly believe the author knows much more than the general (and sometimes specific) ideas he posits in the books. I realize that the author has no obligation to share more than the very helpful ideas we find within the pages of the book but it would have been much, much more useful to include more information. I assume that for the small amount of money invested in the books, he did not want to provide more information. Also perhaps the size of the book would be volumes. Nevertheless the new, original ideas included in the book are compelling and very helpful.

Prior to xmas and on my birthday I received a copy of DeMark’s ‘New Science of Technical Analysis’. I have been a professional trader for over 20 years and currently head up the trading operation at one of the major Wall Street firms. I thought I knew how market operateed and I shared my expereince on TV, radio, and in newspapers for years. Upon reading this book and as well ass the other two in the DeMark set, I have gained a profound new awareness how markets truly behave. The author is beyoind peer in defining and describing the intricacies of price behavior. What an enlightening series of reads.

You may want to think twice about this one. Not to be negative, but it is very hard to follow. Clear and concise dialog is absent in favor of unnecessary “branding” if you will of common techniques mixed with completely unverified and difficult to back test methods for trading the markets. This is trading celebrity gone wrong. I would love to know the remaining balance of an investment account traded with these “TDious” indicators. You can at least save yourself from this trade.

I am a fan of Demark’s indicators if you or I can ever get them. His indicators are only given to high dollar companies like reuters. My reading of this book was a painful process of trying to understand a indicator I cannot even use in trial applications. IT is clear that Demark has left his loyal following to make up bargin basement Metatrader indicator rejects. Like most in this business…..business comes first. I rank this has a 3 and the only reason it got a three was because of the quality of the work. Demark is really only valued by the traders who honestly don’t need him to trade like myself. If I was a rookie and pick up one of his books I would not trade the markets because of the over don’t explanation and indicators I could not follow. Do not read the reviews folks. They seem real suspect. Make a simple explanation book Demark and make your real indicators available.

Very smooth efficient transaction

It’s a good book but seems like some of this stuff just isn’t available for use in the everyday world. I use TD Ameritrade and someone did setup the countdown method. Still full of plenty of useful info for someone who’s a technician and if you have programming skills to boot you might want to play with some of this stuff.

I head the trading desk for over the counter sales at one of the largest institutional brokerage houses and I require my traders to be conversant in these studies before I allow them to trade our firm’s capital. The models explained in this book have earned us big returns and have help us avoid the ‘bullets’ many times. These are the best tools we have discovered on Wall Street. We are not adverse to recommending their study because they take time to learn and most traders are innately lazy!

While I may have been critical of this author’s previous book, I realize I was totally in error. I was convinced I knew everything about how markets behaved. I was obviously wrong! I was enamored with my own biased opinions regarding market expectations. Eventually, I admitted to myself that I was ill-prepared to trade successfully and was deluding myself. The litany of losses I endured was a testament to my trading failures. It was an admission that I was afraid to acknowlege. My fellow technical friends convinced me that I had been incorrect in my judgment of the previous DeMark book. Upon re-reading the book I borrowed from them I realized that I had been unfair and was now prepared to study the material with an open mind. I decided to read this book as well. Although the previous book is definitely a major contribution to the annals of successful trading, this book seems to be much clearer in expressing the author’s views. Despite the title’s reference to options, this book has application to markets overall. I admit my initial impetuousness and now am openly recommending this book to all my cohorts in the technical trading societies, as well as to fellow participants in newsgroups related to investments. This book will most definitely be a key reference book in a trader’s library for years to come.

I wish to state that for years, I have been trying to understand the basics of option trading, especially the relationships and concepts concerning most types of spread trading. I had reviewed/bought many books and none had provided a total, concise picture as those contained the first section of this book. But beyond page 80, I found the provided information beyond my scope of understanding and application for my limited trading. If one is in a similar situation as myself in trying to find a summary of the basics, I recommend that you go to the library {like I did} and read those first 80 pages. But for those who are advanced in understanding of complex options strategies as described the latter sections, your assessment/ratings would be required. For beginners like myself plus those Options Instructors who wish to provide a easy to understand summary for their students, a read of those first 80 pages would be truly worth it.

Not an easy read