Description: "The Disciplined Trader: Developing Winning Attitudes" by Mark Douglas is a foundational book on the psychology of trading, focusing on the mental discipline required for consistent success in the financial markets.Overview: In this book, Douglas addresses the psychological hurdles that traders often face and provides insights on how to overcome them. He emphasizes that successful trading is not just about strategies or systems, but also about understanding one’s own mental processes.Key Themes: Psychological Barriers: Douglas identifies common psychological obstacles such as fear, anxiety, and overconfidence, which can impair decision-making and lead to losses. Mindset and Attitude: The book stresses the importance of developing a winning mindset. Douglas teaches readers to view trading as a probabilistic endeavor, which helps reduce emotional responses to wins and losses. Discipline and Consistency: A significant focus is on the need for discipline in following a trading plan and maintaining consistency in trading behavior. Risk Management: Douglas discusses the importance of managing risk and how understanding the relationship between risk and reward is crucial for long-term success. Self-Reflection: The book encourages traders to engage in self-reflection and maintain a trading journal to better understand their emotional triggers and improve their decision-making process.Structure: The book is structured in a way that combines theoretical concepts with practical applications, providing exercises and strategies to help traders develop the right mindset.Audience: "The Disciplined Trader" is beneficial for traders of all levels who are looking to enhance their psychological resilience and improve their trading results.Conclusion: Mark Douglas's insights in "The Disciplined Trader" make it a vital resource for anyone serious about trading. It serves as a guide to mastering the psychological challenges that can hinder performance, ultimately helping traders to cultivate the discipline necessary for success in the markets.
Price: 10.5 USD
Location: Lahore, Punjab
End Time: 2024-10-19T08:56:40.000Z
Shipping Cost: 1.5 USD
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Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Book Title: Disciplined Trader : Developing Winning Attitudes
Signed: No
Ex Libris: No
Narrative Type: Nonfiction
Publisher: Penguin Publishing Group
Item Length: 9.3 in
Original Language: English
Inscribed: No
Vintage: No
Personalize: No
Publication Year: 1990
Type: Trade Book
Format: Paperback
Language: English
Era: 1990s
Item Height: 0.9 in
Author: Mark Douglas
Personalized: No
Genre: Psychology, Business & Economics
Topic: Finance / General, Investments & Securities / Stocks, Applied Psychology, Investments & Securities / General
Country/Region of Manufacture: China
Item Weight: 19.4 Oz
Item Width: 6.3 in
Number of Pages: 256 Pages
