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The Disciplined Trader (Mark Douglas): One of the first books to deeply address trading psychology, Douglas explains why most traders with sound technical knowledge still fail to achieve consistent success. He posits that the mental skills for success in structured society are often psychological barriers in the chaotic market environment. The book provides a step-by-step process for a "mental housecleaning" to identify and replace losing attitudes and belief systems, teaching self-responsibility and the emotional discipline needed to become a consistently profitable trader.
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The Disciplined Trader (Mark Douglas): One of the first books to deeply address trading psychology, Douglas explains why most traders with sound technical knowledge still fail to achieve consistent success. He posits that the mental skills for success in structured society are often psychological barriers in the chaotic market environment. The book provides a step-by-step process for a "mental housecleaning" to identify and replace losing attitudes and belief systems, teaching self-responsibility and the emotional discipline needed to become a consistently profitable trader.