I'm waiting until I have a bit more time and I can do more than simply pick at this book. It seems to have quite a lot of useful stuff in it especially for a novice like myself.
As for other content and writing style, at least half the book is padded out with pop-psychology and Elder's grievous addiction to analogy and metaphor. His writing style sucks - maybe it's the psychiatrist in him trying to motivate people, but it passed this reader by.
This book is written in such an elegant way that everyone could read it, from newbie that just started to the active trader that is already making a buck, he explain about what he think is the 3 m's, which is mind money and method, mind stands for psychology of a trader, and a crowd , money stands for money management, that we all know is essential if you want to survive as a trader(or make money), and method is the analysis, he says one cannot trade without them all combined, if you take one away you lose.
I liked the book, great writing by dr. alexander elder.
An easy and a great read. A well written, clear and to the point book. Each chapter builds on what you have learnt from the last chapter in a step-by-step process. A must for all types of traders out there.
In addition, there is a great section on how you should organise your work station if you are trading at home.