Thomas Demark – the greatest trader and consultant
This man has declared itself around the world. At least, his name personally, I hear quite often. In addition to directly trade thomas p Demark – a lover of all kinds of inventions. He is the author of the idea and the inventor of numerous technical indicators.
Needless to say, that Thomas DeMark p is an ardent fan of technical analysis? If I may say so – is his strong point in research activities. According to witnesses, Thomas one time even signed up for the CFA (Chartered Financial Analyst), but his interest gradually waned, and he did not pass it to the end.
According Demark market in the long term can be assayed with the baseline, but Thomas indicators measured and psychology, according Demark are part of the technical analysis.
In contrast to Alana Grinspena, p Thomas DeMark interested in the world of finance much later – after graduate school. He was a specialist in two directions, business and law. A young but promising guy noticed and offered a fundamental analyst in the National Investment Service Company. This company specialized in the management of pension assets and its income was estimated around $ 300 million.. Investments were made, as a rule, in securities and shares which did fixed income.
It seems to be a good company, but the National Investment Service great trader Thomas DeMark p remembers not the best word. “I was a professional gofer. It is unlikely that the company was someone who would be beneath me. But my main asset was the time. I was able to choose his. That’s why I got up quickly. “
Thomas Demark, as all intelligent people realize that he alone can not cope, so I consider it necessary to create a group of progressive-minded people with whom they were going to the same destination. The company, which employs Thomas DeMark district narrowly escaped the effects of the crisis in 1973 and 1974. Planck company’s assets rose to the level of $ 6 billion, Thomas recalls.. “1974 was very difficult. Those disturbances that have arisen in connection with Nixon, had a negative impact on the market. The Dow has fallen to a mark of 570. The entire stock market fell by 50%. “
And what do you think, why the company to stay afloat? Because skillfully chosen time. Thomas was allowed to do whatever he wants. And he began to act.
In 1978, DeMark set up a new unit National Investment Service. It was the consulting division. Thomas action sense is to diversify. Do not forget, and strategy, according to which it was necessary to simply choose the right time. But in 1982, National Investment Service great trader Thomas DeMark district still left the company. In the words of Thomas in his time it was at the disposal of the order of 120 billion dollars. Assets that are subject to repayment of the bonds.
By the way, you need to remember one interesting detail. In 1987, on the eve of the collapse of the stock market, one of the indicators, which invented the Thomas DeMark p showed that the need to sell the shares. It was a landmark event. Some time after this, Thomas Demark district became executive vice-president at Tudor Jones. There he continued his research.
As the basic, fundamental tool of luck, Thomas called the choice a successful time for transactions. In addition, as the reasons for the success of his thomas p DeMark indicator is a contrast to its main indicators of the market flow. At the same time they objective and mechanical.
Thomas is not only a great trader, but also an interesting publisher. In the journal Futures Thomas often considered its indicators. So if you’re interested, you can find the archives of these journals and read the publications of Thomas. Besides Demark yavletsya author of the book “Technical Analysis – a new science”, which was released in 1994, publisher John Wiley Sons, Inc.
Somehow Demark asked how he preferred markets. The answer was negative. As Thomas says, all his technical indicators can work perfectly on any markets. “I try to take into account all the nuances of technical analysis, but some of them I miss on purpose, so that my readers can develop a line of thought.” But in spite of these statements, the indicators DeMarco considered the automaticity, the most objective and at the same time, the most simple. But good indicators and systems – this, according to De Mark, is not the most important thing. “Discipline and management of available resources – that is the foundation of success.”
At one time, Thomas Demark district became interested in the idea of a compromise between technical and fundamental analysis. Remember, in the beginning of this article I said that Thomas p Demark believes that in the long term, the market is determined by the fundamentals? So, even though this is a great trader I am convinced that the points of entry and exit from the market is determined by using technical analysis. The main purpose of technical analysis – determination of origin of the trend and its end, and not enter the market at the time of the trend which has already begun.
No less famous is the theory of Demark, which is built around a single axiom. This axiom was again developed as Thomas. The bottom line: there is a basis of the trend, which is based on two critical points. It is clear that through these points, you can draw a straight line. But there is one little feature: the trend is not built as usual – from right to left and vice versa. So, the point through which to conduct this trend, the author refers to the idea of TD-points. Do you think that such a TD? Answer: the initials of Thomas – Thomas Demark.
I will conclude with the words of Demark, where he gives advice to beginners: “Read as much literature. As much as possible to experiment. Always try to do all the housework, and only then get behind the computer. And yet – always check the performance of your computer. “
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