This month's MSTT (MetaStock Tips & Tools) issue includes what would have to be the most useful material I've ever read on the subject of personal psychology and trading. "Trading psychology: Controlling the mental & emotional side of trading" by Gary "Whit" Dayton, Psy.D. I'm not really qualified to comment of this very valuable article, but I would strongly recommend it to anyone contemplating successful trading, whether you happen to be a mechanical or subjective trader. A reminder that a MSTT subscription qualifies members for a US$50 discount on the following MetaStock tools: URSC tool-kit MACDH/All-in-one Divergence kit Rev2 kit jose '-)

"Trading for a living" by Dr Alexander Elder was one of the first useful trading books I've read. I guess that the difference between Dr Elder (apart from his guru-like following) and Dayton's article is the subject focus. Dr Elder seems to put the focus on the market's mass psychology, whereas Gary Dayton places the emphasis on our personal reaction to these markets. Both ideas are equally important and compliment each other, but self/inner-psychology is closer to home. ;) jose '-)