Product Description

This work aims to help traders learn the critical behaviours necessary in responding to market conditions and opportunities. The author - an experienced commodities trader - has considered and confronted the problems he experienced in trading.

Product Details

• Amazon Sales Rank: #58752 in Books
• Published on: 1990-05-01
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 256 pages

From the Publisher
Learn how to develop a complete winning attitude
With rare insight based on his first-hand commodity trading experience, Mark Douglas demonstrates why the beliefs learned to function effectively in society are often formidable psychological barriers in trading. "The Disciplined Trader" helps you join the elite few who have learned how to control their trading behavior by developing a systematic, step-by-step approach for winning -- week after week, month after month.

In a comprehensive and logical manner, Mark Douglas shows you how to examine and limit your trading behavior -- how to develop the mental discipline possessed by the small minority of winners who make money consistently.

Mark Douglas is President of Trading Behavior Dynamics, Inc. A successful commodities trader himself, Mark has drawn on his own experiences - as well as observations of countless other traders in his consulting business to identify and develop methods for overcoming counterproductive trading behaviors. He conducts his own seminars and workshops for leading commodities and brokerage organizations as well as being an invited speaker at numerous investment conferences around the world.

Customer Reviews

The most in-depth book on trading psychology of our time!
I read this book three times. Each time I read it, I learned more about myself and my trading. Also, I recommend Trading in the Zone, by Mark. As you can see, the negative reviews are written by those whom are in denial about their trading psychology. To you negative critics, I say, there are no easy answers. You must be willing to honestly assess your trading mentality. Mark explains the psychology required to be successful in the markets in a very clear and effective manner. To prospetive buyers, I say, invest your time and money wisely and buy this book. He is one of the leading market-psychology experts of our time.

Mr. Douglas is the "expert" all traders need!
Having read Jake Bernstein & Larry Williams' books, I can categorically state that Mr. Douglas "wins" hands-down in the psychology department. Most of Jake Bernstein's several books are just re-hashes of his first book - and that's what a previous reviewer (who can't even spell) calls an expert??? Mr. Douglas - in both "The Disciplined Trader" and "Trading in the Zone" brings new and relevant insights into the mind of a successful trader. That's what I call an "expert." If it weren't for Mr. Douglas' books, I'd be out of the business and working as a secretary or waittress, instead of being what I wanted to be - a trader who makes enough money to live the way I want to!

good stuff
Even though Douglas' habit of using more words than necessary does occasionally grate, and some of the metaphors are a bit wild, this is a stirring read. It really got me thinking about how I trade and what I can do to imrprove it. My only real criticism is that bits of his scientific understanding are incorrect; the section on "mental energy" is fairly torturous to read, and some of the science he invokes is full of schoolboy errors. For example, he doesn't know about wave/particual duality or even Einstein's famous matter/energy relation E=mc2. However, this shortcoming is largely irrelevant as it is not crucial to his argument. If you overlook this and concentrate on what he does know about, you'll find this is a first-class read.