(From The Jacket) – “The Disciplined Trader” helps you join the elite few who have learned how to control their trading behavior (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:
- An overview of the psychological requirements of the trading environment
- A definition of the problems and challenges of becoming a successful trader
- Basic insights into what behavior may need to be changed, and how to build a framework for accomplishing this goal
- How to develop specific trading skills based on a clear, objective perspective on market action
In a comprehensive and logical manner, Mark Douglas shows you how to examine and limit your trading behavior–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…recognizing 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.