A great book that deals with the mental war that is trading and how it determines whether you win or lose in trading. This is the one book i never bothered reading but wish i had 17-18 yrs ago. I highly recommend to anybody especially newbies.Probably best to read after you have taken a few hits. This and the edwards/magee book are bibles.The funny thing is they are based on trading from nearly 100 yrs ago or more.Funny how trading back then is no different than now.Same reactions to gossip,fear,greed,stupidity. People never change thats why.Human psychology is predictable and hasnt changed much in thousands of years if at all. Im going to read the book about extraordinary manias next.Written in 1840!