The Disciplined Trader Quotes

“This trap is extremely negative because it creates a potentially damaging psychological condition I call random winning and random losing. If you can’t define your own behavior and that of the markets, you can’t learn how to repeat your wins or prevent your losses.”
― Mark Douglas, The Disciplined Trader: Developing Winning Attitudes

“In society we can get by and even be successful with a facade of confidence because people will generally support each other’s illusions about themselves. The market, however, has no vested interest in supporting anyone’s illusions about himself. If a trader is feeling fearful, he can try to cover it up all he wants but his trading results will readily reflect his true feelings.”
― Mark Douglas, The Disciplined Trader: Developing Winning Attitudes

“The negative experiences that result from trading in a state of fear, anxiety, and confusion, will create or add to an already-existing belief of inadequacy and powerlessness.”
― Mark Douglas, The Disciplined Trader: Developing Winning Attitudes

“What motivated it? How was the trade managed? Was it successful? Why? Did you lose? Why? Write down your assessment and refer to your comments before making your next trade.”
― Mark Douglas, The Disciplined Trader: Developing Winning Attitudes