DeMark on Day Trading Options

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.

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!

I have a degree of apprehension when I recommend this book as being revolutionary in the realms of trading markets. Most books within this arena are devoted to the same, redundant useless trading techniques. These methods are unique and more than that they are effective and produce consistent profits. I have a bloombeg and a CQG trading machines and this book makes the methods easier to trade. Regardless it is imperative that there be some understanding of the basis and formulation of these revolutionary trading tools. Bravo Senor Demarco

I work on the trading desk of a very large institutional brokerage. Previously, I traded using my expereince and intuition. About a year ago I was introduced by my Bloomberg representative to the DeMark Indicators. They have been responsible for changing my entire trading approach. I now follow a prescription of trading rules and am able to make definitive and fast decisions without any emotional involvement. To write that my performance has improved is trite and empty--my performance results have skyrocketed! I now cannot trade without these tools.

This book, which is prefaced and praised by Lawrence G. McMillan, who is himself quite an authority on options, is neither an introduction to options, nor is it a technical guide or text covering the topic. An introduction would not offer advanced indicators and concepts, which this book does, and a technical guide could not be read by a person who hasn't any previous knowledge of options, but this book can.The first chapters of this book are for the reader who has never heard of an option before. Then the book moves to subject matter that is useful to all readers, and it finally ends with advanced methodology which is in easily understood, non-technical terms, and is available for the savvy option trader and the novice, who by simply reading this book has become just one notch down from the savvy investor.I would highly recommend this book to both the absolute novice who has nothing more than an interest to learn about options, and also to the reader who is well-seasoned in options (day)trading. The book may not be 100% turnkey, but the techniques discussed in the book are easily applied, and have much value.