Rating: - Simply Outstanding
I own well over one hundred books on trading and this is the most beneficial one on trader psychology in my collection. The authors have succeeded in driving home the point that trading is a business of probabilities and that no one particular trade is important in the grander scheme of things. It is the combination of all trades that make the difference. If you're afraid to pull the trigger, you need this book. If you second guess yourself and your system after a series of losses, you need this book. If you cut your profits short and let your losses run, you need this book. The author also suggests reading 5 pages per day of Mark Douglas' Trading in the Zone. I suggest reading 10 pages per day of The Essentials of Trading.