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The Disciplined Trader: Developing Winning Attitudes
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Customer Reviews:
amateur psychology
Too much of this book is padded out with the author's poorly written and amateur analysis on the workings of the human mind... He takes concepts from a-level psychology and nlp to concoct his own take on how the mind works which is ostensibly an essential preamble to understanding yourself as a trader... i do not disagree that an understanding of self is necessary for a trader to succeed, but this book is not the way to get it... the author indulges his theories on the reader for far too long with no real benefit for the trader in my opinion. The book is rambling and verbose and I don't understand how there are so many 5 star reviews... I suspect they are probably written by the author himself (or his friends/family).
the last 20 pages worth a look - ignore the rest 
The author highlights important questions in psychology of trading but fails to give a clear answer and/or very least to speculate on the subject in comprehensible terms. Make no mistake, I have a PhD and CFA with 10 years of trading experience but I found this book very difficult to comprehend.
The first two hundred pages are full of cumbersome mix of thoughts on amateur trading psychology, biology, physics, and computer. Imagine reading two hundred pages of something like "the mental environment would correspond to the electrical energy that makes the computer run as well as store and carry the various forms of information the computer is designed to handle and the computer hardware (physical, mechanical, atoms and molecules) would correspond to the brain.
The nondimensional quality is probably the hardest concept to grasp, about the nature of energy, because even though the energy is nondimensional, it can take some form that is visible to our eyes".
Fortunately, the last twenty pages are better read. I would advice to read only the last 13-17 chapters on "How" to become a discipline traders and skip the first 200 pages on "Why"
In summary, I gave this book three stars
* for highlighting importance psychology in trading
** for attempting to address the issue on the last 20 pages
No stars - for making this book artificially 200 pages thicker than it should be.
Could use some editing
This is despite the presentation a great book. Poorly organized but well worth a read. I am a professional trader and have no use for another book on technical analysis or investment fundamentals. My main struggle is to stick to what I know and to keep confidence. The author does an excellent job explaining the psychological pitfalls facing traders. Recommended.
Essential addition to any trading library 
Trading is 90% psychological and 10% technical, you need courage to buy near the bottom and patience to wait through all the fluctuations and retracements. This book helps you get to grips with the psychological stresses of trading and is a must read for every trader. You MUST read this book!
Poorly Organised, UNREFINED but WONDERFUL ARGUMENTS
I have read this book more than 3 times, and am still reading it because of two reasons:
1. The ARGUMENT holds water and can defenitely be USEFUL in effecting positive change in trading behaviour and consequent trading results.
2. The ideas are UNREFINED, presented CLUMSILY and poorly organised with a lot of repitition and unnecessary rattling of words. There are general marking of the direction but no clear road marks for a trader to follow.
That is why I am reading it again and again in a hope to refine the ideas into a more practiceable form. I would not vote against it if you are ready to put effort to organise yourself the ideas in this book. However, as a trader with necessary knowledge of psychology, I find this book dangerous at points when author becomes too specific suggesting tools to effect psychological change with an apparently poor knowledge of psychology, hypnosis and NLP.
I have given it 3STARS only because of it's fundamental arguments about the nature of the market and mental resources needed for trading success. These ideas are no doubt worth knowing at this price.
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0132157578: the disciplined trader: developing winning attitudes
author(s): mark douglas; isbn: 9780132157575; publisher: prentice hall press; date: 16 apr 1990; pages: 256. offers rare insight from an expert in the dynamics of trading psychology. shows why most traders are unprepared for the ...
http://ebooksdigest.blogspot.com/2009/01/0132157578-disciplined-trader.html
AvaxHome -> The Disciplined Trader: Developing Winning Attitudes
Prentice Hall Press | 1990-04-16 | ISBN: 0132157578 | 256 pages | PDF | 9,6 MB. Offers rare insight from an expert in the dynamics of trading psychology. Shows why most traders are unprepared for the strategies required for success in ...
http://avaxhome.ws/ebooks/business_job/The_Disciplined_Trader_Developing_Winning_Attitudes.html
the disciplined trader: developing winning attitudes $27.00
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