The Disciplined Trader: Developing Winning Attitudes
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One of the first books to address the psychological nature of howsuccessful traders think ~ The Disciplined Trader™is now an industryclassic. In 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 limitingmindset. The trader is taken through a step-by-step process to breakthrough those queries ~ and begin to understand that their very thoughts may be limiting their ability to accumulate and succeed at trading.
environment. The more we learn about the nature of the environment, the better able we are to interact with it more effectively to fulfill our needs and achieve our goals. Positively charged memories give us that sense of confidence that allows to step out to try something new resulting in mental growth. The Characteristics of Negatively Charged Energy Now, throw the same child up in the air for the first time, as in the earlier example, but instead of catching him, accidentally drop him, and not
only will he not ask you to do again, he will cower in terror at the very suggestion. The difference in his behavior, of course, is the result of the differences between the two experiences. In the first example, the experience was pleasurable, resulting in the storage of positively charged energy. In the second example, the experience was painful, resulting in the storage of negatively charged energy. Regardless of whether we were acting as a force on the environment (behavior motivated by our
how we perceive it is a function of what is already inside of us unless we are in the process learning something new. The implications are that much of what we experience of the outside environment is shaped from the inside, not from the outside as most people would assume. In other words, our first-time experiences shape the meaning, as well as determine the quality of energy connected with that meaning, and then once the meaning exists inside of us, it shapes our experience of the outside by
office. Less than a year before, in June 1981, I moved from the suburbs of Detroit where I was enjoying, at least financially, a very successful career in commercial property and casualty insurance. I left Michigan and success to move to Chicago and be a trader. I went to work for Merrill Lynch because I didn't have enough money to buy a seat at the Board of Trade or the Chicago Mercantile Exchange and didn't know that you could lease seats at that time. I had an expensive apartment on the gold
other things that are available to learn about in the environment, but we have no natural interest— like someone who always wanted to be a musician, fire-fighter, actor, or doctor and pursues these vocations resulting in feelings of deep satisfaction about their lives. However, if the environment forces us into areas where there is no natural interest, we will experience an emptiness that can be very difficult to identify, only that it feels like something is missing in our lives. What each of us