Mark Douglas
Mark Douglas was a renowned author and trading psychology expert, best known for his influential books "The Disciplined Trader" and "Trading in the Zone." With a deep understanding of the mental aspects of trading, Douglas helped countless traders improve their emotional discipline and decision-making skills. His work continues to be a cornerstone in the field of trading psychology, offering invaluable insights into overcoming psychological barriers in financial markets.
Book summaries for books written by Mark Douglas
Quotes
The market is always right.
There is a random distribution between wins and losses for any given set of variables that define an edge.
The best traders think in probabilities.
You don’t need to know what is going to happen next to make money.
Trading is a game of skill and strategy.
Successful trading is a state of mind.
The consistency you seek is in your mind, not in the markets.
The market doesn’t create your emotions; it simply acts as a mirror.
The more you care about the outcome, the more likely you are to make a mistake.
Learn to accept the risks.
The primary objective is to be able to trade without fear.
Every moment in the market is unique.