FIVE STARS. I like this book mainly for its concepts and how they apply to developing a robust trading strategy. Mr. King’s coverage of the Trading System Lifecycle has been of significant help in clarifying my thoughts and writing a business plan. I have found how-to ideas about the trading process that I have not seen elsewhere in the large number of trading books I’ve read. And it has the occasional new and unusual view of some aspect of trading which has suggested ideas for investigation. I agree that this one is for serious traders. There’s very little fluff and a lot of practical knowledge.

This book is a great fit for anyone who's serious enough about trading to sit down and write a business plan. I'd also add it's a good fit for anyone who's serious about being a successful trader, business plan or not. Mr. King covers both the conceptual as well as a fair amount of nitty-gritty practical details. Recently, I've been wrestling with how to manage effectively several trading systems among or within brokerage accounts. The Capital Allocation section provides a diagram with several pages on the matter which helped me understand some new possibilities very quickly. At 216 pages, the book covers a lot of ground and I'm already improving my business plan with content from it. Based on other trading books I've purchased, Mr. King could have charged a much higher price - I still would have been a very happy customer. As an aside, I wasn't sure what to expect exactly from Lulu but the book was of the same quality I would expect to find on any shelf at my local B&N or Borders.