The Disciplined Trader

by Mark Douglas, Paula T. Webb

Overview

Successful traders know that to become a consistent winner you have to know and believe that trading is over 90% psychological, and the rest methodical. Winning traders have found that having an objective and fear-free mindset if key to getting and maintaining a rising equity curve. The best traders know that any trader with a nominal knowledge of fundamental and technical analysis, if that trader has an understanding of his own mental environment, he will be the consistent sustained winner in the markets.

CONTENT HIGHLIGHTS:

Why a different thinking methodology?
The market is always right
There is unlimited potential for profit and loss
In the market environment, 'reason' are irrelevant
The Three States of Becoming a Disciplined Trader
The Dynamics of Goal Achievement
The Steps to Success

The Disciplined Trader™ is the first best-selling and award-winning book written solely on the subject of Trading Psychology - the field that Mark Douglas and Paula T. Webb co-founded in the 1980s before the investment world even heard the term. Along with Trading in the Zone™ and The Complete Trader and their other books, not only are their books translated into nine languages - Mark and Paula are "the" GURU's of trading psychology and renowned Wall Street moguls.

Product Details

BN ID:	2940163074273
Publisher:	Global Publishing House
Publication date:	07/20/2020
Sold by:	Barnes & Noble
Format:	eBook
File size:	262 KB

About the Author

Mark Douglas’ approach to trading psychology has unlocked the door for countless traders since the 1980s as one of the founders (along with Paula T. Webb) in the unknown field (at that time) of trading psychology within this now-popular concept. What Douglas is adept at doing in this latest book, is to explore not only the very nature of trading itself, providing practical definitions of price movement and open interest but more so, dismissing many of the erroneous commonly-believed notions about how the markets work, and why they exist. How many traders out there know there is another trader on the other side of their trade or have the misconception that trading is just a computer ‘game?’ In today’s world of electronic trading very few know the true realities of the markets. In this book, the reader will understand what makes the market tic and move and how the markets are made up of pure energy...meaning the energy and beliefs of every trader across the world, each time they point and click their mouse. By reading this book, there will be no doubt in any trader’s mind as to just what they need to do, and how they need to think to become a consistently successful trader. Mark Douglas is author of a number of best-selling and award-winning books including The Disciplined Trader™ and Trading in the Zone™ two industry classics translated into nine languages, and required use in numerous graduate business school degree programs across the U.S. including the Wharton School of Business.

Paula T. Webb is a best-selling author of 15+ books including the popular Independent Prosperity and Success Without Fear.™ She hosts regular live workshops on Trading Psychology, the field that she co-created with Mark Douglas. Their lifelong collaboration and dedication to helping traders realize their highest trading goals has made the investment world what it is today. She works with individuals and organizations alike in the business, investment and faith-based communities. For more information: www.paulatwebb.com and www.behind-wall-street.com

Editorial Reviews

It is crucial to be in the right state of mind when trading opportunities are made available to you. This book is not stories about trading - this book is about acquiring the unique mindset necessary to achieve your trading goal of creating and sustaining a rising equity curve. Buy this book - and their other best-selling books and study them until you know what you think and how to think like a trader. When you know what you think - then you have the mindset of a winner.

article - Futures Magazine

Why don't more traders make consistent money? No one has puzzled over this more than Mark Douglas and his partner Paula T. Webb. As traders themselves, this question prompted them to begin cataloging what causes traders to be consistent losers and several years later this first best-selling book was published. "The Disciplined Trader" is the first book to address the need for [the field of] trading psychology which he and Paula co-created, and is now considered an industry classic.

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