Tarcher The Disciplined Trader: Developing Winning Attitudes

The first-ever book on trading psychology to address the psychological nature of how successful traders think, now updated for today's traders and investors.

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 examine 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 on how to update, deflate, and eliminate any limiting thoughts, beliefs or actions. The trader is taken through a step-by-step process to understand what is really holding them back to understand their thoughts affect their results. Traders will also be shown how to examine the common causes that hold them back, and prepare them for a thorough mental upgrade. This is done by illustrating how to develop and apply positive beliefs and prosperous attitudes to transform themselves into consistently prosperous traders through self-reflection and other skills. Traders will also learn how their prosperity and success beliefs manage how they perceive the markets; and how to adapt to the ever-changing market environments in today's world financial climate.