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The Disciplined Trader (1990) by Mark Douglas is a groundbreaking book in trading psychology that explores the mental and emotional challenges traders face in the markets. Douglas explains that consistent trading success does not depend only on strategies or technical analysis, but on mastering one’s mindset.
He outlines how fear, greed, hope, and overconfidence often sabotage decision-making and lead to losses. The book provides practical guidance on developing the discipline, patience, and confidence needed to follow a trading plan without being swayed by emotions.
The Disciplined Trader (1990) by Mark Douglas is a groundbreaking book in trading psychology that explores the mental and emotional challenges traders face in the markets. Douglas explains that consistent trading success does not depend only on strategies or technical analysis, but on mastering one’s mindset.
He outlines how fear, greed, hope, and overconfidence often sabotage decision-making and lead to losses. The book provides practical guidance on developing the discipline, patience, and confidence needed to follow a trading plan without being swayed by emotions.
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