Summary of Mark Douglas' The Disciplined Trader™

By IRB Media

Get the Summary of Mark Douglas' The Disciplined Trader™ in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: n this groundbreaking work published in 1990 ~ Douglas examines the causes as to why most traders cannot raise and keep their equity on a consistent basis ~ and brings the reader to practical and unique conclusions as to how to go about changing any limiting mindset. The trader is taken through a step-by-step process to break through those queries ~ and begin to understand that their very thoughts may be limiting their ability to accumulate and succeed at trading.

The Disciplined Trader is critical for those new to the markets ~ to traders who are returning to the markets ~ and even veteran traders who cannot seem to break through to a higher threshold of accumulation and consistency. The reader will learn that the market is unstructured ~ unlike any other career field; will learn the Three Stages to Becoming a Successful Trader; learn how their very thoughts manage how they perceive the markets; and learn how to adapt to the ever-changing market environments.

• Language: English
• Publisher: IRB Media
• Release date: Nov 29, 2021
• ISBN: 9781638159261

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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Insights on Mark Douglas's The Disciplined Trader

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 11

Insights from Chapter 12

Insights from Chapter 13

Insights from Chapter 14

Insights from Chapter 15

Insights from Chapter 16

Insights from Chapter 1

#1

What separates the majority of traders who lose money from the minority of traders who make money is psychological discipline. The majority of traders get discouraged and give up after experiencing a few losing trades. It takes a psychological transformation for a trader to realize that trading is not about making money every single day, but about making money consistently over long periods of time.

#2

Today's successful traders started out without maps, signposts, or guidelines, and had to figure everything out through trial and error.

#3

As a result of this confidence, traders no longer have to worry about the seemingly unpredictable and erratic behavior of the markets, since they now have the confidence to deal with it.

#4

The author was a successful insurance broker before he decided to become a trader. He moved to Chicago and worked for Merrill Lynch, and he was desperate for success. He was under a lot of financial pressure, which affected his trading results.

#5

The author moved to Chicago to be a trader, but was shocked to find out that the people he met and befriended were just as messed up as he was. They all seemed to be in desperate need of money, and their only solution was to trade.

#6

The author’s identity was made up of his possessions, and when his finances took a turn for the worse, he began to understand that he was more than the things he had accumulated.

#7

The market provides the trader with infinite

[WELIAMES · Rating: 5 out of 5 stars]

Porque nos traz uma amostragem bem filtrada e menos cansativa em ter que ler todo o livro.