Douglas describes his own liberation after going bankrupt as follows: "I started to appreciate my ability to think as my greatest asset...This sense of appreciation began to grow into a deeper level of understanding about the basic nature of my identity." Finally he realizes that "In the market environment...there is no beginning, middle, or end--only what you create in your own mind." My aim for this teaching platform is to provide a range of content to help traders develop the trading skills and discipline I believe is absolutely pivotal to any trader's success. After a series of winning trades, greed can rear its ugly head; often we are tempted to take on a larger position than usual–trying to take advantage of the roll we seem to be on. And that’s usually not a good idea. The author then goes on to discuss the different types of traders (scalpers, day traders, swing traders, etc.) and what their common characteristics are. He also talks about the different trading styles (trend following, counter-trend, etc.) and how to choose the one that fits you best.

The Disciplined Trader by Douglas | Waterstones

To cap off this module, we’re giving you a Q&A write-up of the questions asked by our training and support students and then answered by none-other than Al Aboroa–our resident expert on journaling. If you learn to analyze yourself, (what you’re doing right, what you need to improve) you will improve each day as a trader; and that truly is the way of the wise and Disciplined Trader.

Sixth, I wanted to share with traders how to overcome thoughts of fear and greed; and further, how to be true to your tested trading plan, and how to follow it perfectly. The author’s main purpose is to provide readers with a clear and concise guide to trading. He covers everything from the basics of technical analysis to more advanced topics like risk management.

The Disciplined Trader by Mark Douglas: 9780132157575

Every trading system has higher probability setups than other setups. And you’ll know what the higher probability setups are if you just look through your past trades. And then there’s the special report I wrote on “Dominating Your Fear of Losing.” Many of my students consider this one of my top special reports I’ve ever written. So go ahead and read it at your leisure.Although Mark Douglas published The Disciplined Trader ten years prior, Trading in the Zone grabs the lion’s share in terms of distinction. Published in 1990, The Disciplined Trader is considered an industry classic, successfully helping traders get a handle on their psychological trading issues. It’s okay to be emotional; it’s not okay to let emotion change your management of risk’. ‘The Disciplined Trader’ by Mark Douglas (1990) Fifth, I wanted to share with traders how to muster the emotional strength to pull the trigger when their trading system told them to do so–so they can stop missing and chasing trades.