The Disciplined Trader : Developing Winning Attitudes by Mark Douglas and Paula T Webb, PhD

The Disciplined Trader : Developing Winning Attitudes by Mark Douglas and Paula T Webb, PhD

The first-ever book on trading psychology to address the psychological nature of how successful traders think, now updated with Paula T. Webb included as one of the original authors. 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’s first book examines 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 in this book work, on how to update and eliminate any limiting thoughts, beliefs or actions. The trader is taken through a step-by-step process to understand what is holding them back to learn how their thoughts affect their results. This book helps traders understand, that what they were taught by others limits their ability to accumulate taking profit regularly in the markets. The reader will be shown how to examine the common causes that hold them back, which will prepare them for a thorough mental upgrade. This is done by illustrating how to develop and apply positive beliefs and prosperous attitudes to transform them into consistently prosperous traders. Traders will also learn the steps to becoming successful at trading; learn how their prosperity and success beliefs manage how they perceive the markets; and learn 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.