Category: Academics, Trading, Business & Finance
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.
The Disciplined Trader
is applicable for those new to trading, traders who are returning to
the markets after working elsewhere, crypto traders, investment traders,
institutional traders, brokers, (in other words all types of traders)
and even veteran traders who cannot seem to break through the 'glass
ceiling of profit-taking' to a higher threshold of accumulation and
consistency. Douglas and Webb have collaborated since 1990 to bring the
investment community clear understandings of how our minds interpret the
markets, and how to make sure that interpretation is goal-oriented for
taking profit every single moment it is available to the trader.