The Disciplined Trader: Developing Winning Attitudes @ richardeward.com

The Disciplined Trader: Developing Winning Attitudes
by Mark Douglas
from Prentice Hall Press

Customer Reviews:

• Avg. Customer Rating: 4.5 / 5.0

• Parts I, II and IV are great; Part III not so great
  I had high hopes for this book, because I strongly believe that the psychology of trading is half the battle. Sure, you need to know the technicalities of how to use various stockbroker order types and how to spot opportunities based on fundamentals or price action; but you also need to make decisive entries and exits unhindered by the emotions of fear and greed. In fact, other traders' fear and greed may be your ally.
  Parts I and II of the book were what I expected -- psychology in the context of... more info

• Why so negative?
  Seems to be quite a few negative reviews. Must be by people who have never tried to trade. Yes the author is redundant, but by no means is it as redundant as described by others. This is a very good book and a must read for anyone serious about trading.

• Perceptive guide to trading behavior.
  Author Mark Douglas explains that he lost almost everything he owned because of bad trading decisions. The experience led him to rigorous self-examination, and he discovered that emotions, especially fear, had led him to trade imprudently. He went on to write this straightforward, very penetrating explanation of the role of beliefs and emotions in trading. This is not an abstract academic exercise. Douglas is a trader talking to traders. He is thorough and practical in his analysis and advice. At times, his... more info

• Best trading psychology and self-help book
  This is the best book I have read on trading psychology. I almost complete my second reading now, and I am "shocked" how many gems I missed during my first reading...
  The best advice I get out from this book is "there're no failures or mistakes in trading, they are only reflections of what one needs to learn to grow." I have found many of the wisdom and "revealations" apply not only to improving trading results but also to almost all aspects of living too. Highly recommended to new traders!