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Rating: 
Summary: Old but gold
Review: Enjoyed pondering the table of contents before I bought.
Even though experienced traders may know much of this; has enough war stories and other golden material to buy it .
Practical trading experience, like Solomon the trader king.
He does well in mentioning principle rather than exception;
''Bear markets have no support,Bull Markets have no resistance''
Rating:
Summary: wisdom from the trenches
Review: Rather than detailing the glories of the trading lifestyle and the millions to be made, Mr. Eng opens his book with a tragic tale of pain and loss that illustrates just how tough trading can be, and how the psychological effects can be magnified by conflicts in other parts of your life if you are not prepared. Many dabblers and novices hoping for a fast path to a quick buck will be turned off after reading the introduction, and I get the impression that this is the way Eng wants it. The advice in this book rings true because Eng has been there and done it. He has lived and breathed the rules he teaches. He has made most if not all of the mistakes he warns of and personally felt the painful consequences. It is hard not to respect a veteran, especially one who has been successful in his campaign. A lot of the rules may seem deceptively simple, or even contradictory at times (a number of trading maxims often are on the surface level), but perhaps the real value in this book is in the explanation of the rules through example and experience. With the basics so prominent and the rules for trading success so widely disseminated, the paradox is why so few can follow those rules. Perhaps one reason is because it is necessary to really understand on a deeper level why these rules are important before it is possible to follow them consistently without internal conflict. Eng's examples and stories help to illustrate the importance of the rules. This book will likely be appreciated more by old traders than new. Those who have years of trading under their belts will see hard earned wisdom in the words and maybe find a sense of comraderie with Eng as he tells his stories. If you find Eng's rules too simple or too basic to bother with, ask yourself what your own interpretation of trading success is and how well you follow your guidelines. You might be surprised.
Rating:
Summary: Outstanding! One shouldnt miss this!
Review: The book began with the author's recall of the suicide of his bond trader friend who lost about US$60K in one single Friday in 1982. Quite a sad story, but it did tell how serious the author was about trading and his sincerity of writing a good book that attempted to help traders and those aspiring ones. In my opinion, he did a very good job. With fifty chapters of individual trading rules (one can refer to the sample page on Amazon.com), the author had discussed, with abundant of real life samples and without nonsense, most of the essential trading rules that I had read here and there in other trading books and had personally experienced, though not effectively put into practice. One might had already read a lot of trading books. I did. However, this one was so well written and organised that I would like to recommend it to anybody who wants to buy a book for easy reference to keep himself/herself well guarded against the ups and downs of trading life.
Rating:
Summary: Read it
Review: This book is about the mindset and mental habits a trader needs to be successful in the markets. Every successful trading career has been a process of learning the "rules" in this book. If you can imagine a good friend with years of experience giving you advice on how to improve your trading; that is exactly how this book reads. This book IS NOT a "how to place a trade book." It IS an excellent book on what not to do once a trade has been placed. No book can replace the school of hard knocks every trader has to go through in order to succeed, but if you embrace the principles contained in this book and make them your own; you will save yourself a ton of money. You may even save yourself enough money to stay in the game.
Rating:
Summary: Wisdom for Traders, Not "Trading for Dummies"
Review: This book is about the mindset and mental habits a trader needs to be successful in the markets. Every successful trading career has been a process of learning the "rules" in this book. If you can imagine a good friend with years of experience giving you advice on how to improve your trading; that is exactly how this book reads. This book IS NOT a "how to place a trade book." It IS an excellent book on what not to do once a trade has been placed. No book can replace the school of hard knocks every trader has to go through in order to succeed, but if you embrace the principles contained in this book and make them your own; you will save yourself a ton of money. You may even save yourself enough money to stay in the game.
Rating:
Summary: Read it
Review: Written by a floor trade on the cbot, this book is simply a list of rules with brief 5 page explanations for each chapter. I found about most of the rules to be elementary to an intermediate trader. However, almost any trader regardless of experience can pick up a few tidbits in this book .. which is more than I can say for most trading books. I give the book 3 stars for content, another star for being a very quick read, and another star for being cheap ...
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