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THE DISCIPLINED TRADER: DEVELOPING WINNING ATTITUDES
Paperback– Deckle Edge
By Mark Douglas (Author)
Genre: Finance, Trading Psychology, Self-Help
Format: Paperback
Publisher: Penguin USA
Publication Date: March 23, 2000
Language: English
Pages: 256
Dimensions: 16.36 x 2.31 x 23.65 cm
Weight: 567 g
The Disciplined Trader is a groundbreaking work that introduced the investment industry to the concept of trading psychology. Drawing from his firsthand commodity trading experience, author Mark Douglas demonstrates how mental barriers often hinder traders' success. He explores how deeply rooted thought processes can impede effective trading and offers a framework for overcoming these psychological obstacles.
The book is structured into three parts:
Psychological Requirements of Trading: An overview of the mental aspects essential for effective trading.
Challenges of Becoming a Successful Trader: A definition of the problems and challenges faced by traders.
Developing Specific Trading Skills: Insights into what behaviors may need to be changed and how to build a framework for accomplishing this goal.
Douglas emphasizes that trading is 80% psychology and 20% methodology, highlighting the importance of mental discipline in achieving consistent profitability.
Mark Douglas is a renowned expert in trading psychology and the author of several influential books on the subject. Beginning his career as a trader, he later became a coach and educator, helping traders develop the mental discipline necessary for success. His work has been instrumental in changing the way traders approach the psychological aspects of trading.
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