I bought this book based on some of the reviews here, and they were right when they said it was a tough read at times, though this book would probably be one of the most important books on my shelf for a trader. I have been trading for over 7 years now, and I made every mistake Mark Douglas touches upon, But like he said trading is "10% intellectual and 90% psychological".
I think most traders need to be better stewards of discipline, and this book really hits alot of great lessons home. My favorite chapters were chapter 3 "Taking Responsibility" and chapter 7 "Thinking in probabilities", they spoke to me the loudest. My least favorite (tough read parts) were from chapter 8 " working with your beliefs" and chapter 9 "the nature of beliefs".
All in All a must for any trader to read. I now have his five fundamental truths and seven principles of consistency written down in front of me at all times.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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