The Disciplined Trader: Developing Winning Attitudes - Hardcover

Douglas, Mark; Webb, Paula T.

Hardcover

ISBN 10: 0132157578 ISBN 13: 9780132157575

Publisher: New York Institute of Finance, 1990

Synopsis

The first-ever book on trading psychology to address the psychological nature of how successful traders think, now updated for today's traders and investors.

The Disciplined Trader is the investment industry classic on trading psychology (the field that Douglas and Webb co-founded), an all-time Amazon best-seller which set the bar for all other books on the subject that came later. In this groundbreaking work on the mental game of trading, Douglas and Webb examine the causes as to why 90+ percent of traders cannot keep and sustainably grow their trading account and equity on a regular basis; and provides the trader practical and empirical evidence that the applications on how to update, deflate, and eliminate any limiting thoughts, beliefs or actions. The trader is taken through a step-by-step process to understand what is really holding them back to understand their thoughts affect their results. Traders will also be shown how to examine the common causes that hold them back, and prepare them for a thorough mental upgrade. This is done by illustrating how to develop and apply positive beliefs and prosperous attitudes to transform themselves into consistently prosperous traders through self-reflection and other skills. Traders will also learn how their prosperity and success beliefs manage how they perceive the markets; and how to adapt to the ever-changing market environments in today's world financial climate.

The Disciplined Trader is applicable for those new to trading, traders who are returning to the markets after working elsewhere, crypto traders, investment traders, institutional traders, brokers, (in other words all types of traders) and even veteran traders who cannot seem to break through the 'glass ceiling of profit-taking' to a higher threshold of accumulation and consistency. Douglas and Webb have collaborated since 1990 to bring the investment community clear understandings of how our minds interpret the markets, and how to make sure that interpretation is goal-oriented for taking profit every single moment it is available to the trader.

About this title

About the Author

Paula T. Webb PhD and Mark Douglas co-founded the field of Trading Psychology long before the term ever existed.  They are responsible for bringing to light the need for a mental philosophy and spiritual approach to trading during the time when technical analysis was all that the investment world knew and accepted.  Today, they are considered the gurus of trading psychology, helping traders across the planet realize their dreams of financial independence as traders.  The Disciplined Trader is translated into 10 foreign languages and a continual best-seller across all venues.  Paula T. Webb is author of numerous books including The Sacred Path of the Warrior Trader, Keys to Power Profits, Success Without Fear and more; Mark Douglas is author of the all-time best-selling Trading in the Zone which has been translated into 15 languages as of 2025 - making it the second all-time best-selling book on trading psychology after The Disciplined Trader.  Both authors have traveled across the globe as invited speakers to foreign banks, hedge fund managers, Wall Street traders, brokerage firms, private equity organizations, individual traders and more.  Currently, Paula T. Webb is a private trader, provides coaching for traders across the spectrum of experience, coaching programs for Wall Street firms, private investment groups, local churches, individual traders; as well as authoring new books on the "New Age" of Trading Psychology.

From the Back Cover

The Disciplined Trader was written by successful futures and stock traders, Paula T. Webb PhD and Mark Douglas; world-renowned as the trading gurus in the field of Trading Psychology which they co-created. In this award-winning, best-selling book they examine and explain how through self-reflection and personal trading results, they found the market to be an environment where the individual trader can explore the ultimate form of self-expression to create their desired financial goals as traders.

The Disciplined Trader can help any trader who has the true desire to change a fear-based mindset into a winning attitude and mindset of success using this organized and systematic approach necessary for accumulating and sustaining trading wealth.

From the Inside Flap

"After examining the common causes of limiting beliefs that hold traders back, The Disciplined Trader prepares traders for a thorough mental upgrade through self-reflective mastery that illustrates how to develop and apply positive beliefs and prosperous attitudes that are transformational to creating and maintaining a consistent, winning warrior trader's philosophy. Traders will learn:

• An analysis of the psychological components of the trading environment
• A definition of the common challenges to developing a winning mindset
• Insights into trading behaviors that must be acknowledged and updated
• Learning self-reflection to create mental mastery to maintain an objective focus while trading
• and much more

Edition details

• Publisher: New York Institute of Finance
• Publication date: 1990
• Language: English
• ISBN 10: 0132157578
• ISBN 13: 9780132157575
• Binding: Hardcover
• Number of pages: 256