As a new day trader (with less than 12 months experience), I found this book to be at first a little verbose, and as a consequence, sometimes difficult to follow. However, there is much in this book that touches on 'real life' trading experiences and I found that once I started to apply the theory that Mark Douglas preaches, I felt a huge shift in my approach to and the results I got from day trading. If you're looking for a 'five step, quick and easy' way to succssful trading, you'll not find it here (or in any other book for that matter). This is a book for the trader who's looking to apply a strategy that they're already familiar with, to the best of their ability. It focuses almost purely on the psychological, and in doing so touches on the practical along the way. It asks the reader to completely re-program the way they think about the markets, about their trading style, about the way they perceive. This in itself requires hard work - but then who said trading was easy? I've read a previous review that gave this book a mere 1 star. I can only say I'm sorry that the reader didn't get as much out of this book as I did. After re-reading the book for the second time, things started to really sink in, and the results are clearly reflected in my trading account. In my view, when psychology is 95% of trading, this book MUST be one of THE fundamental books for day traders, whatever market they trade in.