a eo ATTITUDES‘Successtul vue is 80% psychological ant 20% methodological. Emotion is the enemy of successful trades. That's why, even with amodest knowledge of fundamental and technical information, the trader who is in psychological control will be the winner in the trading environmen : The Disciplined Trader helps traders jearn the critical behaviors necessary in responding to market conditions and opportunities. Experienced com- fnodities trader and teacher of trading dynamics, Mark Douglas, through his owe early misfortunes in the market, has considered and confronted the problems experienced in trading (what he calls “forced awareness”). x ‘discusses how he found the market to be an environment where the idual trader “has the freedom to create his own results,” unimpeded by many of the constraints existing in modern social life The Disciplined Tradercan help any trader change the feat of losing into a winning attitude based on its organized, systematic, and step-by-step ap- _ proach for learning the mental a fecessary for accumulating wealth consistently. : ‘THE CONTENTS: : Why | Wrote This Book « Why a New Thinking Methodology? The Market is Always Right» There Is Unlimited Potential for Profit and - Logs * Prices Are in Perpetual Motion with No Defined Beginning or Ending * The Market Is an Unstructured Environment * In the _ Market Environment, Reasons Are Irrelevant °The Three Stages to Becoming a Suecesstul Trader « Understanding the Nature of the Mental Environment * How Memories, Associations, and Beliefs Manage Environmental Information Why We Need to Learn How to Adapt» The Dynamics of Goal Achievement * Managing Mental Energy * Techniques for Effecting Change + The Psychology of Price Movement * The Steps to Success, iThe Disciplined Trader: Developing Winning Attitudes MARK DOUGLAS “Emotion kills successful trading.” In The Disciplined Trader, Mark Douglas, an expert on the dynamics of trading, shows why most traders are unprepared for the different — often alien — strategies required for success in the trading environment. With rare insight based on his first-hand commodity trading experience, the author demonstrates why the beliefs learned to function effectively in society are often formidable psychological barriers in trading. After ‘examining the causes for the development of losing attitudes, the book prepares the reader for a thorough “mental house cleaning” of deeply rooted concepts and traditional thought processes. And then it shows the reader how to develop and apply attitudes and behaviors that transcend psychological obstacles and lead to success The Disciplined Trader helps you join the elite few who have learned haw to contro! their trading behavior (the few traders who consistently take the greatest percentage of profits out of the market) by developing a systematic, step-by-step approach for winning week after week, month after month. The Disciplined Trader's divided into four parts: * An overview of the psychological requirements of the trading environment * A definition of the problems and challenges of becoming a successful trader * Basic insights into what behavior may need to be changed, and how to build a framework for accomplishing this goal * How to develop specific trading skills based on a clear, objective perspective on market action (continued on back flap) PHOTO: COMSTOCK, INC./TOM GRILL