The Disciplined Trader
Developing Winning Attitudes
By Mark Douglas, Paula T. Webb | Publisher: Penguin Publishing Group
About the book
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
Editions of The Disciplined Trader
- Hardcover
- ISBN 9780132157575
Read an Excerpt
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
Frequently Asked Questions
What is The Disciplined Trader about?
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 core themes, tropes, or subjects are explored in The Disciplined Trader?
Economics, Finance, Business and Management > Finance and accounting > Finance and the finance industry
Where can I read a sample of The Disciplined Trader?
You can read an official preview of the few pages here https://www.book2look.com/book/9780132157575
Who is/are the Author/s of the book The Disciplined Trader?
Mark Douglas, Paula T. Webb
What are the ISBN numbers for the physical and digital editions?
The Disciplined Trader is available as hardcover(ISBN 9780132157575)
Where can I buy The Disciplined Trader online or support local independent bookshops?
You can buy The Disciplined Trader from below
Where can I buy The Disciplined Trader?