This is simply the best trading book on the market. And I've read many. It's not for traders looking for a quick and easy road to riches. But if you're serious about trading and are prepared to put in the time and effort then this book gives you a good practical framework to build on and grow into a great trader. It tells it like it is and not like many lazy traders want to hear. It will need to be read many times over. I've found every single paragraph contains gems and none should be overlooked. Another reason for reading the book is that Van Tharp's training courses are very expensive and quite frankly unnecessary when you've read his books. Sorry Van!
This is not a book to skim through and hope for a few good tips. In fact the writing style makes it harder work than it could be. Its value for me came from re-reading sections over about 18 months and really trying to apply the information to my trading and trading system. Only bother if your very serious about your trading.
Everyone gets the same markets, but results differ massively. Conventional thinking says the winners have or know "something" about the markets that the losers don't, but the reality is that the differences are inside of them. Fundamental or technical, this book will definitely help - the practical implementation of proper position sizing alone regardless of trading style is easily worth the time/effort/cost of the book.
I've read this book a couple of times now, and the importance of the content is gradually soaking in. This book won't tell you how to get rich quick, but it will either make you look at the system you trade in a different light, or if you're still working on one, it will help you develop a system that really suits you.
As ever Van Tharp's focus is also on you as well as what you trade, and this book is all about how to find a system that suits your own individual needs.
Doesn't matter if you're new to trading, or think you know it all. You need to read this book. I know I did, and it's made me look at a lot of my trading in a whole new light.