The book is organized in three parts, as the subtitle reads: Psychology, Trading Tactics, Money Management.
While the first part runs too long like one of those self-help books written by psychologists, the second part establishes the principles of technical analysis in trading in a quite didactic fashion. This middle part is a bit outdated, as the book was written in 1993 and the times change the markets. The last part about Risk Management is what I liked most, partly because it is concise and clear (unlike the first part of the book, that is too long) and partly because its statements are valid for the present times (unlike some of the chapters in the second part).
To sum up, the book is worth reading mostly due to the innovative point of view of the trading crowd, psychology tactics and a didactic prism that is reachable for most readers, but would be best with half of the volume.
Other thoughts: the book is clearly overpriced, at least nowadays. Though I got my hardcover edition for half the price printed in the back cover: $80....Continua