SUPPLY AND DEMAND TRADING: How To Master The Trading Zones
W**T
Simply a must have for any experienced trader
I was impressed with how simply the author breaks down this subject, which soon into the book becomes an actionable strategy that you can begin applying right as you go. I'm leaving 5 stars because of the quality of the material - It is simply a game changer for anyone who is traditionally versed in support/ resistance. Well worth the purchase to now have to learn this on random blogs online. This book is jampacked with subject material in an organized fashion. Of course, the book isn't perfect - I noticed a few clerical errors that could be easily fixed, but in my opinion the quality in what you learn outweighs the slight mathematical mistakes, like saying risking 2% of a 100,000 account is $200. Overall it is worth it however
K**R
Great book for supply and demand trading,
many good examples that make supply and demand trading clear to understand, I feel it was well explaind and recommend it to anyone who wants to get knowledge abouth this method
W**L
Great book!
I love this book. I will say there are quite an amount of typos in the book. So if you're new to SND trading I would advise reading with caution. I have a few years in trading so I knew how to navigate around the errors. Other than that It was very helpful in fine tuning the process I already had and a very easy read. I would definitely recommend to anyone looking for this style of trading. The errors in the book are the only reason I didn't give it a 5 star.
C**S
Good Money is Made on Good Entries
Understanding how to chart & trade supply & demand zones is to learn how to successfully trade reversals. Trading zones can be very profitable. Frank Miller has put together a quick study to help you hit the ground running, especially if you follow his rule sets.Miller defines & charts areas of consolidation (balance) to identify major support & resistance levels giving you a better chance of entering a trade as close to the stop loss as possible, whether on pullbacks or bounces. The tighter you enter to your stop loss, the greater the opportunity to profit from as much of the price moves as possible, exiting close to those support/resistance levels; good money is made on good entries. Good entries also enable the trader to preserve capital on trades that fail by making the risk amount the smallest amount possible. On the topic of risk: the table at the top of page 140 is very helpful for small account traders. If you adhere to that or a similar table, you can limit losses while growing your account slowly. Preserving capital is paramount in trading and requires discipline. Following Frank's rule sets for trading will help a trader succeed.I have three of Miller's books: Supply & Demand Trading; Secrets on Reversal Trading; and Secrets on Fibonacci Trading. They are all inexpensive quick reads on topics that are essential to technical charting & analysis. One suggestion is to pair candlestick chart pattern reading with Frank Miller's approach. The book of choice is Japanese Candlestick Charting Techniques (2nd edition), by Steve Nison. Interpreting candlestick patterns can serve as an early alert on a possible pending reversal. Nothing like a bullish/bearish reversal candle to signal an entry.NOTE: A comment on a Feb. 27, 2023, reviewer's review that noted a paragraph on page 140, "How to calculate position size" as being a typo. This paragraph is not a typo, it was misunderstood. The calculation presents one standard for how to manage risk for any account size. Miller's book assumes the reader understands the risk calculation and used a short-hand explanation; here's the long-hand explanation.Using risk management rules, to calculate how many shares of an equity you can afford to purchase for a trade, you first need to know a few things before entering the trade.1st: How much are you willing to lose (risk) on a trade if the trade goes against you? In the example, the trader has a $1000 account and only wants to risk 2% or $20, if wrong.2nd. What are the trade's entry and stop loss price levels. In this case, the trader will buy the stock at $10, and sets the stop loss at $8.00. If the trade opens at $10 and then goes to $8 or below, the position will be closed automatically. The difference between $10 and $8 is $2.3rd. To determine how many shares you can purchase to fit the risk amount of $20, divide $20 by $2 - that number is 10. In this trade, you can buy 10 shares at $10.4th. If the trade is stopped out at $8, the loss is $2 per share. 10 shares X $2 loss each = $20, a 2% loss.Good Luck & Happy Trading to all.
Z**N
Must read for new traders
The strategies detailed in this book can help any struggling trader improve their game. I'm fairly new to trading and have been back testing supply and demand strategy since I began. This book expounds on the strategy and gives a clearer understanding for the reader. The book was easy to read and follow. Looking forward to implementing these techniques to improve my success rate. Just buy the book for your own good, you won't be disappointed.
S**Z
Great book!
This book was amazing. So easy to read, read it in 3 days. It was simple, engaging, and packed a punch. I was always curious about supply and demand trading and I was confused on how to identify and draw them, but now I feel like I have a starting point. It was a great book and will definitely checkout Frank Miller’s other books.There is typos though. I didn’t catch many, but the one in the picture stood out to me lol. How are you going to buy 10 stocks that is worth $10 for $20?Idk, just know it left me stuck on that page for a while lol.Anyways, it was a good book. I appreciate the knowledge and now I just need to practice.
D**G
meh, simple stuff but a cheap read
meh, simple stuff but a cheap read
A**R
Good
Few small errors but overall good book.
B**T
For beginners
I would recommend it for beginners.
O**O
Knowledgeable
Knowledgeable
K**T
Supply and demand
It's a very good book. I'm new to trading but I've learned so much from this book. You can give it a try
D**.
Best book I've read
This book is that good I'll gonna read it over and over until its instilled into my sub conscious mind. I've read another of trading books and this is full of information which I've never read before. A good mix of illustrations and descriptive chapters. Highly recommend this book 100 percent
M**L
He knows what he is talking about
Amazing book😀
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