Top critical review
A Waste of Time and Money
Reviewed in the United States on September 23, 2018
This is a poor piece of work. The author seems to know nothing of the psychology of decision making, and not that much about the markets. His writing is graceless and repetitious, with pointless asides. The essence of Douglas's message is this: Develop a "winning attitude." And be disciplined. Don't have a neurotic relationship to the market. This is obvious stuff, and the author communicates it poorly. Some of the content is seriously misguided. For example, Douglas asserts, on no authority except his own say so, that the "true attraction of trading" is . . . self-expression. (At p. 18.) This is wrong: the true attraction of trading is . . . making money. Another example: Douglas claims that traders who think that the best way to get better at trading is to learn more about the financial markets are falling into "a trap" because "the market simply offers too many often conflicting variables to consider." (At p. 13.) Douglas repeatedly, and egregiously, devalues knowledge of the markets. I am tempted to make an unkind remark, but will refrain, and just say caveat emptor!