!Read Epub ¼ The Disciplined Trader: Developing Winning Attitudes ⚝ eBook or Kindle ePUB free

!Read Epub ë The Disciplined Trader: Developing Winning Attitudes ⛅ The classic book that introduced the investment industry to the concept of trading psychologyWith rare insight based on his firsthand commodity trading experience, author Mark Douglas demonstrates how the mental matters that allow us function effectively in society are often psychological barriers in trading After examining how we develop losing attitudes, this book prepares you for a thorough mental housecleaning of deeply rooted thought processes And then it shows the reader how to develop and apply attitudes and behaviors that transcend psychological obstacles and lead to success 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 to winning week after week, month after monthThe book is divided into three 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 A groundbreaking work published inexamining as to why most traders cannot raise their equity on a consistent basis, bringing the reader to practical conclusions to go about changing any limiting mindset Larry Pesavento, TradingTutor Meh Could had been a 50 page book. The book was recommended by a trader I respect, however I find the writing so bad repetitive, confusing, pointless sentences, actually, entire chapters that are gibberish that I don t understand what the trader saw in this book I find myself talking to the author saying really, this is the best that you can do A friend told me that the entire book is captured in the last two chapters I m going to skip the rest of the books and see if he was right In one of the reviews on this site someo The book was recommended by a trader I respect, however I find the writing so bad repetitive, confusing, pointless sentences, actually, entire chapters that are gibberish that I don t understand what the trader saw in this book I find myself talking to the author saying really, this is the best that you can do A friend told me that the entire book is captured in the last two chapters I m going to skip the rest of the books and see if he was right In one of the reviews on this site someone said that paraphrasing if the writing were better this could have been a classic investment book But God the writing is so bad I m sorry if the author reads this and it hurts his feelings because there is great information in here But he either needs to spendtime writing it, get a better editor, or find someone to co author it with Great book, and fascinating descriptions of the nature of thoughts, beliefs, emotional energy, etc Some people might think it s vague mumbo jumbo, and I agree it s somewhat vague, but interesting conceptually and probably approaches the truth Certainly, it s helping me becomeaware of my emotions in the markets Still, the value of a trading book is in its application, and in the results I feel like this will help, but we shall see. This is a hard book to review because on the one hand it s not very good, but on the other hand were it a little better organized, a lot less repetitive, and were the sentences not so flat and grinding, one senses it could have been a trading classic Its virtues are its sincerity, the sense that its author is immersed in thinking through the inner game of trading, and his willingness to risk hyperbole to convey his convictions Goodreads reviewer Matthew Phann recorded a reaction that I recogni This is a hard book to review because on the one hand it s not very good, but on the other hand were it a little better organized, a lot less repetitive, and were the sentences not so flat and grinding, one senses it could have been a trading classic Its virtues are its sincerity, the sense that its author is immersed in thinking through the inner game of trading, and his willingness to risk hyperbole to convey his convictions Goodreads reviewer Matthew Phann recorded a reaction that I recognized as my own Some people might think it s vague mumbo jumbo, and I agree it s somewhat vague, but interesting conceptually and probably approaches the truth The way that I would describe its approach to truth would be to say that it s a book that proposes a useful mythology for the education of a trader The pre disciplined trader, in Mark Douglas s self creation myth, is like the programmer hacker Neo in the film The Matrix At the beginning of the film he s immersed in a dream world, but with the help of an experience of what Douglas calls forced awareness and a lot of deep reflection he is able to use a favorite phrase of Douglas s to release himself from the conventional, fake, herd world Douglas describes his own liberation after going bankrupt as follows I started to appreciate my ability to think as my greatest assetThis 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 environmentthere is no beginning, middle, or end only what you create in your own mind In the Final Note Douglas explains the challenges of trading life once liberation occurs Even after you have learned all of the skills set forth in this book, at some point in time it will probably occur to you that your trading is simply a feedback mechanism to tell you how much you like yourself in any given moment After you have learned to trust yourself to always act in your best interests the only thing that will hold you back is your degree of self valuation That is, you will give yourself an amount of money that directly correspond with what you believe you deserve based on some value system you acquired at some point in your life Thepositive you feel about yourself, theabundance that will naturally flow your way as a by product of these positive feelings So, in essence, to give yourselfmoney as a trader you need to identify, change or decharge anything in your mental environment that doesn t contribute to the highest degree of self valuation that is possible So there s a sample of his prose, as well as a vision of enlightenment and its fruits as set forth in The Disciplined Trader.To go back to The Matrix analogy, in Douglas s book the two worlds are called the structured and the unstructured world The structured world is also called the cultural environment It s the world that includes other people The unstructured world is of course the market environment It obeys no rules It can do anything at any time Soone has to make an informed guess about what it will do and cut losses when it contradicts one s guess One will be tempted to hold onto one s position in denial that one was wrong and in the hope that the market will reverse and make one whole The virtue of virtues in an unstructured environment, as we have seen above, is said to be self love, thethe better The foundation for this self love, though, is a kind of aversion to the ways of culture at large in favor of a privately acquired, hard to achieve mental independence which manifests itself as a cheerful confidence that harbors no fear In society i.e a structured environment we can get by and even be successful with a facade of confidence because people will generally support each other s illusions about themselves The market, however, has no vested interest in supporting anyone s illusions about himself If a trader is feeling fearful he can try to cover it up all he wants but his trading results will readily reflect his true feelings.The argument seems to be that the market is the truth, and if you can be without psychological damage that causes you to want to dissemble before your fellows then you can be the truth too and thereby make yourself congruent with the market and know what it will do It s a bold argument made in detail and while it s probably clear I think it s a little over the top I want to acknowledge, following Phan s remark, that in at least a mythological way the book probably gets something quite right.For someone interested in a library perusal I d say The first eight chapters are better than the last nine And finally though I ve never recommended The Disciplined Trader to a friend I would if I had any friends fully intent on following every possible clue that might help solve the mystery of a successful trader s self formation