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The Disciplined Trader - Mark Douglas

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

The Disciplined Trader helps you join the elite few who have learned how to control their trading behaviour (the few traders who consistently take the greatest percentage of profits out of the market) by developing a systematic, step-by-step approach for winning week after week, month after month.

The Disciplined Trader is divided into four parts:

  1. An overview of the psychological requirements of the trading environment
     
  2. A definition of the problems and challenges of becoming a successful trader
     
  3. Basic insights into what behaviour may need to be changes, and how to build a framework for accomplishing this goal
     
  4. How to develop specific trading skills based on a clear, objective perspective on market action

In a comprehensive and logical manager, Mark Douglas shows you how to examine and limit your trading behaviour - how to develop the mental discipline possessed by the small minority of winners who make money consistently (weekly, monthly, and yearly).

Some of the skills focused on in 'The Disciplined Trader' include:

  • Learning the positive dynamics of achieving goals
     
  • Recognising skills needed to progress as a trader (and how to stay aware of them instead of just the by-product - the money acquired)
     
  • Adapting yourself to respond to fundamental market changes
     
  • Identifying your 'risk comfort level' and learning how to expand it 
     
  • Acting immediately on opportunities .
     
  • Letting the market tell you how much is enough
     
  • Controlling your perspective of market movement....
     
  • ... and much more.

 

Contents of The Disciplined Trader
Foreword
Acknowledgements

Part I Introduction
1. Why I wrote this book
2. Why a new thinking methodology?

Part II The Nature of Trading Environment from a Psychological Perspective
3. The market is always right
4. There is unlimited potential for profit and loss
5. Prices are in perpetual motion with no defined beginning or ending
6. The market is an unstructured environment
7. In the market environment, reasons are irrelevant
8. The three stages to becoming a successful trader

Part III Building a Framework for Understanding Ourselves
9 . Understanding the nature of the mental environment
10. How memories, associations, and beliefs manage environmental information
11. Why we need to learn how to adapt
12. The dynamics of goal achievement
13. Managing mental energy
14. Techniques for effecting change

Part IV How to Become a Disciplined Trader
15. The psychology of price movement
16. The steps to success
17. A final note

Customer Caution Notice: Direct investing in the stock market can result in financial loss. Historical results are no guarantee of future returns.  No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Stock tips  or ‘buy’ or sell recommendations are not provided. This educational information is not designed to replace your Licensed Financial  Consultant or your Stockbroker. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. This information is of a general nature only so you should seek advice from your broker or other investment advisors as appropriate before taking any action. The decision to trade and the method of trading is for the reader alone to decide. Refer also to the full Customer Notice in our Terms and Conditions 

Price: USD $52.21*
* Foreign currency conversions are given as guidance only and are not binding. Only the price and currency confirmed by your own bank at time of payment are guaranteed.
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Jim Berg and John Atkinson are Authorised Representatives (AR Nos. 322724 and 1251439) and ShareTradingEducation™.com Pty Ltd (“STE”) is a Corporate Authorised Representative (CAR No. 322726) of Longhou Capital Markets Pty Ltd, Australian Financial Services Licence AFSL 292 464. Examples from the Australian and USA markets are provided to demonstrate that Jim Berg’s principles may be used globally. This educational material is from an Australian source and complies with Australian law and not necessarily any other (local) law. Direct investing in the stock market can result in financial loss. STE products have been prepared for the general information of investors and do not take into account the investment objectives, financial situation and particular needs of any particular person. Persons intending to act on information in STE's products should seek professional advice to confirm that the investments or strategies mentioned are appropriate in the light of their particular investment needs, objectives and financial circumstances prior to taking any action. Refer also to the full Customer Caution Notice in our Terms and Conditions.