The Definitive Guide to Mastering the Psychology of Trading: How to use a comprehensive understanding of price movement to overcome mental obstacles that prevent you from achieving consistent results

by Mark Douglas

Why would it be important to learn how to think like a professional trader? The simple answer is, if you can think like one, you can trade like one. The physical skills we need to do what we are supposed to do every time we get a valid signal, are about as simple and easy as they can be. Place the cursor in the appropriate spot in our trading platform and click the mouse or tap the keyboard! But what can make it so difficult to do this simple task? Fear. If you have experienced losing trades, then you would naturally have difficulties executing properly. However, if you believe and know that a certain percentage of your predictions might produce trades that "don't work" - then you can execute your trades in a flawless and emotionally risk-free state of mind. This book will teach you how to create and maintain your inner resources - meaning, your thoughts - to bring those thoughts into alignment with your trading objectives, goals and dreams.

326 pages, Kindle Edition

Published November 22, 2015

Reviews

[DONALD E STOELT · Rating 5 out of 5]

Well worth the time...

I have been trading off and on for several years. I am a subscriber of Simpler Options and John Carter. John highly recommended Mark's books and now I realize why he said it should be required reading for anyone serious about trading for a living. Thanks to John and to Mark...

[Virgilio · Rating 5 out of 5]

This is a real guide for beginners

I have found on this book many examples and knowledge that show me why some of my friends have a lot of problems trying to trade. At that point that some already leave all their money on the table. And when I intend to explain them where are their wrong, no one can understand me, just because i don't have experience enough to be understood and because they don't have the discipline to read this book!!! I guess this is the really best guide for beginners traders.