Mark Douglas Has a New Book

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petera
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Mark Douglas Has a New Book

Unread post by petera »

Hi Everyone

In case you don't know, a new book came out from Mark Douglas. His wife Paula Webb put the finishing touches on it. Only available in kindle form I think. I started reading it and am enjoying it. Also, other new material to come out later this month. The new book is called The Definitive Guide to Mastering The Psychology of Trading.

Peter
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azadar
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Re: Mark Douglas Has a New Book

Unread post by azadar »

very interesting. thank you Peter for letting us know :)
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immy
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Re: Mark Douglas Has a New Book

Unread post by immy »

petera wrote:Hi Everyone

In case you don't know, a new book came out from Mark Douglas. His wife Paula Webb put the finishing touches on it. Only available in kindle form I think. I started reading it and am enjoying it. Also, other new material to come out later this month. The new book is called The Definitive Guide to Mastering The Psychology of Trading.

Peter

Thanks Peter

I had pre-ordered it but they did not deliver. however, if I were to leave a review it would be exactly as one left by someone on amazon uk website I copy below

"Can't make up my mind about this book.

Firstly, it's price is way too much.

Second, like his previous books he makes the same point paragraph after paragraph and then chapter after chapter.

Third: Do you really need it if you've read his other 2 books, notably Trading in The Zone? Probably not as there's little new material.

Having said all of that, I'm glad I bought it. But should you buy it? Yes, if you like reading these kinds of books as you'll pick up on something. But if you're tight and don't like a speculative buy then no, stick with Trading in the Zone.

I recently heard that Mark had passed away which is a real shame as he did a hell of a lot to help all sorts of traders navigate the tricky waters of trading psychology. Thanks Mark for helping me as well"

Don't know if anything can be written on this topic after Trading in the Zone. That's how definitive it is....

cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

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wiseambitions
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Re: Mark Douglas Has a New Book

Unread post by wiseambitions »

Sad that he died, suddenly

also sad that some of the useful youtube videos of seminars he gave have actually been taken off public view.

But here's something as a tribute which reiterates some of the truths he preached




One bit I do remember him saying was if you're in a trade and not sure why you're still in there then close half your position. I've wished I'd done that many a time!
I wish more people would come on here to share something on their journals

[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)

1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]

"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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