DeMark On Day Trading Options [Hardcover]

Day DeMark (Author), Thomas DeMark (Author)

Book Description

Publication Date: May 1, 1999

The option day trading blueprint you've been waiting for!

Options day trading is no walk in the park. But it is your most potentially profitable way to take advantage of the day-trading phenomenon. Put the odds in your favor with Demark on Day DeMark and Thomas DeMark, Jr. Forget complicated formulas! Instead, this nuts-and-bolts guide gives you a set of option trading techniques, indicators, and rules to limit risk without sacrificing profit. You're shown how to:

*Select, design, and build your own highly-personalized trading model
*Use filters and screens to select optimal option trading candidates
*Identify low-risk entry points in up, down, or even sideway markets

You get savvy tips for buying puts or calls based on market, industry, or underlying security ù even get a phone number to get a free, updated TD Indicators demonstration disk. For three decades, traders using breakthroughs like the DeMark Indicators have made fortunes. Now it's your turn!

Editorial Reviews

Review

"This book is the option day trading blueprint you've been waiting for." (Technical Analysis of Stocks & Commodities Magazine )

From the Back Cover

Proven DeMark Market Timing Techniques Applied to Today's Fast-Turnaround Day Trading Markets. "Tom DeMark is the consummate technician - a trading system developer without peer."- Futures Magazine.

"Tom DeMark's research and market timing techniques demonstrate a unique and insightful approach into day trading options. The concepts and methodologies described are a must-read for anyone professionally or individually interested in option trading!"- David Rodrigues, Co-CEO Deltasoft Financial Technologies, Inc.

"Tom DeMark provides traders with many interesting new insights and methods to explore in his newest book."- David Caplan, President Com-Op Publishing.

THIS BREAKTHROUGH BOOK REVEALS: All new predictive indicators - plus options settings, qualifiers, and applications adapted for day trading impact; Strategies to ignore prevailing market sentiment - and intuitively know each inflection point where trends will reverse; Battle-tested techniques for limited risk - and unlimited gains - that can be plugged into your own trading sytle. Over the past three decades the DeMark name has set the standard for low-risk, high-profit trading techniques. And traders, fueled by breakthroughs like the DeMark Indicators, have amassed stunning profits. Now, the DeMarks set their sights on today's hottest market phenomenon - day trading. Their options day trading methods, outlined for the first time anywhere in DeMark on Day Trading Options, consistently identify low-risk entry points in up, down, or even sideways markets - and give options-savvy, risk-averse traders a distinct advantage over the emotional, easily-confused day traders flooding today's markets.

See all Editorial Reviews

Product Details

• Hardcover: 358 pages
• Publisher: McGraw-Hill; 1 edition (May 1, 1999)
• Language: English
• ISBN-10: 0071350594
• ISBN-13: 978-0071350594
• Product Dimensions: 9.1 x 7.2 x 1.1 inches
• Shipping Weight: 1.9 pounds
• Average Customer Review: 4.2 out of 5 stars  See all reviews (69 customer reviews)
• Amazon Best Sellers Rank: #87,698 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

61 of 65 people found the following review helpful:

5.0 out of 5 stars Possibly the greatest book on actively trading options, July 23, 2000

By 

"devinbatt" - See all my reviews

This review is from: DeMark On Day Trading Options (Hardcover)

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.

31 of 34 people found the following review helpful:

2.0 out of 5 stars Demark on Day Trading Options, January 29, 2000

By A Customer

This review is from: DeMark On Day Trading Options (Hardcover)

It's just another indicator(trading with setups). I've backtested it, and found his nine day setup method no more or less accurate than RSI, and stochastics. What was most upsetting was the nine day requirement for reversal was later in the book sort of taken back in the "size matters" section, so you couldn't really enter the market safely on day 9. I checked this with cattle charts and hogs,etc. and found I would have lost money if I had blindly entered the market on day 9. Trading with this indicator if used properly seemed to parallel signals with other popular oscillators. By modifying the "setup" to more than 4 days prior, it may be possible to parallel moving averages. The methods are similar to other methods in that it is not right all the time. In fact, DeMark fails to give us the percentage of being right from wrong. This is no magic formula. Like other indicators, the more often the signals are given, the more bad trades there will be, so good money management is crucial as always. What is appreciated is that DeMark, in all his work, teaches you how to read the price bars themselves as if they were indicators generated by computerized functions. I recommend the book for this reason alone.

26 of 28 people found the following review helpful:

5.0 out of 5 stars THESE TRADING TECHNIQUES REALLY WORK, October 1, 2004

By 

tennis "ten" (New York) - See all my reviews

This review is from: DeMark On Day Trading Options (Hardcover)

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.