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Rating: Summary: Very good book for new entrants to the world of trading Review: As a trading coach myself I have found invaluable material in this book. The trading pyramid concept is conceptually very sound - although here and there a bit forced. The 55 steps to success is most enlightening. Piper understands this business. The best of this book is how Piper rightfully downplays the role of trade triggering techniques. This is a must read for everyone that thinks trading is nothingmore than an excercise in technical analysis. It is much much more and you will be well advised to get your hands on a copy.
Rating: Summary: Very good book for new entrants to the world of trading Review: As a trading coach myself I have found invaluable material in this book. The trading pyramid concept is conceptually very sound - although here and there a bit forced. The 55 steps to success is most enlightening. Piper understands this business. The best of this book is how Piper rightfully downplays the role of trade triggering techniques. This is a must read for everyone that thinks trading is nothingmore than an excercise in technical analysis. It is much much more and you will be well advised to get your hands on a copy.
Rating: Summary: Good book. Review: Dr. Elder sent me two books out of the blue after a kind review. So when I picked up this book and I saw he had written the foreword for it I had to read it. Mr.Piper does a great job of breaking down the psychology very well. He has points within points. Sometimes it can be redundant and seem forced, but that is only to outsiders that have never traded before. Many of his points could not be emphasized enough. After writing three books myself on futures trading, the Futures For Small Speculators series, I still find myself making the same dumb mistakes.Great job Mr.Piper
Rating: Summary: One of the best on trading psychology ... Review: I've read 100+ books on trading. This is one of the best on psychology. There are 28 chapters and a summary of the main points at the end of most chapters. He talks a lot about risk, money management, discipline, rules, etc. The foreward is written by Alexander Elder which says a lot in my book. The author is British and refreshingly frank with some of his comments. This is one of those books that if you heed the advice, it could save you thousands of dollars and years of frustration. Another book like this is "Come Into My Trading Room" by Alexander Elder. I have no connection with either of these authors.
Rating: Summary: One of the best on trading psychology ... Review: I've read 100+ books on trading. This is one of the best on psychology. There are 28 chapters and a summary of the main points at the end of most chapters. He talks a lot about risk, money management, discipline, rules, etc. The foreward is written by Alexander Elder which says a lot in my book. The author is British and refreshingly frank with some of his comments. This is one of those books that if you heed the advice, it could save you thousands of dollars and years of frustration. Another book like this is "Come Into My Trading Room" by Alexander Elder. I have no connection with either of these authors.
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