The Disciplined Trader: Developing Winning Attitudes

Front Cover
Penguin, 1990 - 236 pages
2 Reviews
The classic book that introduced the investment industry to the concept of trading psychology.

With rare insight based on his firsthand commodity trading experience, author Mark Douglas demonstrates how the mental matters that allow us function effectively in society are often psychological barriers in trading. After examining how we develop losing attitudes, this book prepares you for a thorough "mental housecleaning" of deeply rooted thought processes. And then it shows the reader how to develop and apply attitudes and behaviors that transcend psychological obstacles and lead to success.

The Disciplined Trader helps you join the elite few who have learned how to control their trading behavior (the few traders who consistently take the greatest percentage of profits out of the market) by developing a systematic, step-by-step approach to winning week after week, month after month.

The book is divided into three parts:
* An overview of the psychological requirements of the trading environment
* A definition of the problems and challenges of becoming a successful trader
* Basic insights into what behavior may need to be changed, and how to build a framework for accomplishing this goal
* How to develop specific trading skills based on a clear, objective perspective on market action

"A groundbreaking work published in 1990 examining as to why most traders cannot raise their equity on a consistent basis, bringing the reader to practical conclusions to go about changing any limiting mindset."--Larry Pesavento, TradingTutor.com
 

What people are saying - Write a review

LibraryThing Review

User 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

Contents

Why I Wrote This Book
3
Why a New Thinking Methodology?
15
from a Psychological Perspective
31
and Loss
39
Are Irrelevant
59
Trader
65
Environment
85
How Memories Associations and Beliefs Manage Environmental Information
99
Techniques for Effecting Change
167
How to Become a Disciplined Trader
181
The Psychology of Price Movement
183
31
195
The Steps to Success
201
A Final Note
223
Index
225
35
227

Why We Need to Learn How to Adapt
121
The Dynamics of Goal Achievement
139
Managing Mental Energy
155

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About the author (1990)

Mark Douglas is the author of The Disciplined Trader: Developing Winning Attitudes, published in 1990 and considered an industry classic and one of the first books to introduce the investment industry to the concept of trading psychology. Mark began coaching traders in 1982, and has continued to develop seminar and training programs on trading psychology for the investment industry, as well as individual traders. He has been a frequent speaker at seminars across the world as well as in the United States, teaching traders how to become consistently successful. He can be reached through his website markdouglas.com.

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