The Disciplined Trader - by Mark Douglas & Paula T Webb (Hardcover)

Book Synopsis

The first-ever book on trading psychology to address the psychological nature of how successful traders think, now updated for today's traders and investors.

The Disciplined Trader is the investment industry classic on trading psychology (the field that Douglas and Webb co-founded), an all-time Amazon best-seller which set the bar for all other books on the subject that came later. In this groundbreaking work on the mental game of trading, Douglas and Webb examine the causes as to why 90+ percent of traders cannot keep and sustainably grow their trading account and equity on a regular basis; and provides the trader practical and empirical evidence that the applications on how to update, deflate, and eliminate any limiting thoughts, beliefs or actions. The trader is taken through a step-by-step process to understand what is really holding them back to understand their thoughts affect their results. Traders will also be shown how to examine the common causes that hold them back, and prepare them for a thorough mental upgrade. This is done by illustrating how to develop and apply positive beliefs and prosperous attitudes to transform themselves into consistently prosperous traders through self-reflection and other skills. Traders will also learn how their prosperity and success beliefs manage how they perceive the markets; and how to adapt to the ever-changing market environments in today's world financial climate.

The Disciplined Trader is applicable for those new to trading, traders who are returning to the markets after working elsewhere, crypto traders, investment traders, institutional traders, brokers, (in other words all types of traders) and even veteran traders who cannot seem to break through the 'glass ceiling of profit-taking' to a higher threshold of accumulation and consistency. Douglas and Webb have collaborated since 1990 to bring the investment community clear understandings of how our minds interpret the markets, and how to make sure that interpretation is goal-oriented for taking profit every single moment it is available to the trader.

About the Author

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.