I just finished reading this book for the second time and it's awesome. I read it back in 2003 and remember thinking the same thing. In the technical analysis section, I really like how the author not only explained the theory behind each indicator, but also included the formula used to calculate it. This book teaches you how to keep good records and also how to manage your losses using a 2%/6% stop-loss method. You can tell there was a lot of thought put into this book. It was very well written and everything was explained in detail. The psychology of trading was included in each and every one of the chapters. You learn the thought process of the traders behind the market(s) and also what to think about when creating your own indicators. The author shares two of his personal indicators, "Force Index" and "Elder-Ray" and why they were designed the way they were.There's a lot that both beginning and advanced traders can learn from this book. The lower reviews that I have read on this book seem to be due to lack of material or applicability for/to day trading. The author does not focus much on day trading in this book, but even though I am not a day trader, I think a lot of the concepts could be applied to any type of trading (day trading included).

我刚刚第二次读完这本书，真是太棒了。我在2003年读过，记得我也有同样的想法。在技术分析部分，我非常喜欢作者不仅解释了每个指标背后的理论，而且还包括了用来计算它的公式。这本书教你如何保持良好的记录，以及如何管理你的损失使用2%/6%止损法。你可以看出这本书中有很多想法。它写得很好，每件事都解释得很详细。每一章都包含了交易心理学。你可以了解市场背后交易者的思维过程，以及在创建自己的指标时应该考虑什么。作者分享了他的两个个人指标，“力量指数”和“老雷”，以及为什么他们被设计成这样。这本书对初学者和高级交易者都有很多可以借鉴的地方。我在这本书上读到的较低的评论似乎是由于缺乏材料或对日常交易的适用性。作者在这本书中不太关注日交易，但即使我不是一个日交易，我认为很多概念可以应用于任何类型的交易（包括日交易）。