The Disciplined Trader: Developing Winning Attitudes
New York Institute of Finance, Jan 1, 1990 - 239 pages
Successful trading is 80% psychological and 20% methodological. Emotion is the enemy of successful trades. That's why, even with a modest knowledge of fundamental and technical information, the trader who is in psychological control will be the winner in the trading environement.
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are vast differences in the characteristics of the mental environment (inner) and
physical environment (outer) in which our bodies occupy space. Understanding
these differences is a key ingredient in the process of changing yourself. As a
simple example, the book you are reading exists on the outside of you, whereas
the label of book (i.e., your mind's perception of the book) or any other thoughts
or sensations you would experience as a result of that label and the meaning you
This is not as simple as it sounds. Our natural sense of curiosity and our
attractions are very powerful inner forces that create a state of need or put us in a
state of imbalance with the physical environment until the needs are satisfied.
When we feel these attractions to certain activities, people, or objects in the
environment, it is often difficult to visualize the possibilities or formulate any plans
because of other inner forces in the form of beliefs, associations, or memories
that act as barriers.
Perception and execution are separate skills. They can and do work in tandem, if
there are no mental components blocking execution. Otherwise, the "intent" to
take advantage of what you perceive as an opportunity may not have any inner
support or the kind of inner support that is necessary to execute your intent
properly. If there are mental obstacles preventing the proper execution of a trade,
then learning how to perceive better opportunities is not going to solve the
problem. So the ...
What people are saying - Write a review
LibraryThing ReviewUser Review - dandv - LibraryThing
Chapters 1-3 and 15 useful, the rest a huge load of psychobabble and pseudoscience (negative emotions are caused by negative electrical charges in the brain?!) Read full review
Great Read!!User Review - naturalqueen6 - Overstock.com
If you trade like I do or just want a book that is Enlightening then this is for you!! This book not only talks about trading but the Insight and Disciplines in Life necessary for developing a Winning ... Read full review
Why a New Thinking Methodology?
The Nature of the Trading Environment
There Is Unlimited Potential for Profit
15 other sections not shown