The Disciplined Trader: Developing Winning Attitudes
About this deal
Although Mark Douglas published The Disciplined Trader ten years prior, Trading in the Zone grabs the lion’s share in terms of distinction. Thinking this way permits continual progression, keeping you one step ahead of the competition and bound for top-trader status.
The Disciplined Trader : Developing Winning Attitudes
There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. So, in essence, to give yourself more money as a trader you need to identify, change or decharge anything in your mental environment that doesn't contribute to the highest degree of self-valuation that is possible.
5 Must Read Trading Psychology Books - IC Markets 5 Must Read Trading Psychology Books - IC Markets
Published in 1990, The Disciplined Trader is considered an industry classic, successfully helping traders get a handle on their psychological trading issues.Overall, the book is a great resource for those who are looking to develop a sound trading strategy and plan. Upon registering an account with Raw Trading Ltd, you acknowledge that you are registering at your own free will, without solicitation on behalf of Raw Trading Ltd. Recognising most traders fail to identify the importance behind the psychology of trading is, indisputably, one of the reasons for the high failure rate in this business.
Disciplined Trader.pdf - Google Drive Disciplined Trader.pdf - Google Drive
Let me first say, although you may assume you know the basics, you don’t want to be wrong about that, because if you don’t have sound basics in these four areas, you’ll find that it’s almost impossible to achieve your trading goals.
He clearly demonstrates how the financial market is an environment like no other, and our experiences do not effectively equip us to interact with the intricacies of the market. By and large, the book offers a comprehensive guide through some of the parts of human psychology that relate to trading and, therefore, is a noteworthy addition. In fact, a good rule of thumb to use to determine your readiness to move beyond a certain rule or exercise and to the next challenge is the recognition that you can do what you set out to learn so well that it becomes second nature.