Mark Douglas – Trading Psychology



Mark Douglas is a trader and author of The Disciplined Trader and Trading in the Zone.
If you have a trading method but can’t seem to stick to it, or you are struggling to find profitability. Or, if your psychology seems to be getting in the way of your trading success (getting in your own head too much, or not making the correct decisions), then this video may give you insights and tips for overcoming that.

General discussions: 0:25~51:30
Q&A: 52:00~

Books:
The Disciplined Trader:
Developing Winning Attitudes

Trading in the Zone:
Master the Market with Confidence, Discipline, and a Winning Attitude

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21 thoughts on “Mark Douglas – Trading Psychology”

  1. The fascinating mindfuck is that the reason you are trading is for the payout outcome. Yet you must ignore the outcome and focus on the process to achieve that positive outcome.

    Do the goal is choosing a process with a favorable probability distribution.

  2. This is my 700th comment .
    I want to ask a thing that , I can understand some points of that Vedio but, I want to know about this whole psychology
    So, I am requesting you to plz upload a Hindi version Vedio plz that I can understand better
    ??Plz sir/mam ? ?

  3. 00:09 Using psychology in today's market requires discipline and skill

    02:21 Winning and being a consistent winner are two different things.

    06:14 Consistent trading requires managing mental errors00:09 Using psychology in today's market requires discipline and skill

    02:21 Winning and being a consistent winner are two different things.

    06:14 Consistent trading requires managing mental errors

    08:13 Accepting randomness of outcomes can produce consistent results in trading

    12:21 Expecting previous winners to be winners again or losers to be losers can lead to frustration for traders.

    14:03 Price movement in trading is determined by individuals' beliefs about what will happen in the future.

    17:40 Mathematical models can identify patterns in collective human behavior, but they can't predict individual actions.

    19:17 Trades rely on other traders to make us winners.

    22:26 Expectations affect trading decisions

    24:01 To be a successful trader, you need to find a good edge and think in probabilities.

    27:22 Believing in a random result can affect your expectations in trading.

    29:03 Cut losses, let profits run

    32:19 Trading systems can put the odds in your favor and make you the owner of the machine.

    33:56 Trading is about identifying patterns and managing risk.

    37:09 Changing our mindset is key to success in trading.

    38:55 Mathematical formulas can only predict outcomes on a series of trades, not trade by trade basis.

    42:15 Paper trading is beneficial for acquiring mental skills and building confidence.

    43:53 Building risk tolerance gradually in trading

    47:01 Traders need to be willing to do anything to overcome emotional barriers and reach their potential.

    48:51 Think like a professional trader for consistent results.

    52:18 Wise Trade cannot guarantee success because prices are based on predictions of other people's actions.

    54:33 Scaling out of positions based on trade analysis

    58:04 Set clear objectives and focus on consistent results in trading.

    59:43 Being in a carefree state of mind can negatively impact trading

    1:04:02 Flipping from euphoria to terror in trading can lead to significant losses.

    1:05:38 Trading with a carefree state of mind leads to impulsive trades and lack of planning.

    1:09:03 Developing a trader's mentality took longer than expected

    1:10:50 Focus on following your trading plan without any conflicting thoughts.

    1:14:21 Trading style should be based on what attracts a person

    1:15:54 Trading knowledge is worthless without practical experience

    1:19:47 Consistent approach helps in learning what works

    1:21:32 Accept randomness to create consistency in trading psychology

    1:25:02 Practice paper trading until you're comfortable with getting in

    1:26:53 Mark Douglas shares his experience with NLP and hypnosis in trading psychology.

    1:30:51 Don't panic when a stock goes against you, it's normal.

    1:32:39 As a trader, you should eventually evolve to trade subjectively by paying attention to other traders' behaviour.

    1:36:25 A professional trader acts when his edge appears.

    1:38:21 Assess risk, set appropriate stops, develop a profit plan

    1:41:43 Self-sabotaging beliefs can impact trading performance.

    1:43:24 Mark Douglas' book 'Trading in the Zone' has had a profound impact on my life.

    Crafted by Merlin AI.

    08:13 Accepting randomness of outcomes can produce consistent results in trading

    12:21 Expecting previous winners to be winners again or losers to be losers can lead to frustration for traders.

    14:03 Price movement in trading is determined by individuals' beliefs about what will happen in the future.

    17:40 Mathematical models can identify patterns in collective human behavior, but they can't predict individual actions.

    19:17 Trades rely on other traders to make us winners.

    22:26 Expectations affect trading decisions

    24:01 To be a successful trader, you need to find a good edge and think in probabilities.

    27:22 Believing in a random result can affect your expectations in trading.

    29:03 Cut losses, let profits run

    32:19 Trading systems can put the odds in your favor and make you the owner of the machine.

    33:56 Trading is about identifying patterns and managing risk.

    37:09 Changing our mindset is key to success in trading.

    38:55 Mathematical formulas can only predict outcomes on a series of trades, not trade by trade basis.

    42:15 Paper trading is beneficial for acquiring mental skills and building confidence.

    43:53 Building risk tolerance gradually in trading

    47:01 Traders need to be willing to do anything to overcome emotional barriers and reach their potential.

    48:51 Think like a professional trader for consistent results.

    52:18 Wise Trade cannot guarantee success because prices are based on predictions of other people's actions.

    54:33 Scaling out of positions based on trade analysis

    58:04 Set clear objectives and focus on consistent results in trading.

    59:43 Being in a carefree state of mind can negatively impact trading

    1:04:02 Flipping from euphoria to terror in trading can lead to significant losses.

    1:05:38 Trading with a carefree state of mind leads to impulsive trades and lack of planning.

    1:09:03 Developing a trader's mentality took longer than expected

    1:10:50 Focus on following your trading plan without any conflicting thoughts.

    1:14:21 Trading style should be based on what attracts a person

    1:15:54 Trading knowledge is worthless without practical experience

    1:19:47 Consistent approach helps in learning what works

    1:21:32 Accept randomness to create consistency in trading psychology

    1:25:02 Practice paper trading until you're comfortable with getting in

    1:26:53 Mark Douglas shares his experience with NLP and hypnosis in trading psychology.

    1:30:51 Don't panic when a stock goes against you, it's normal.

    1:32:39 As a trader, you should eventually evolve to trade subjectively by paying attention to other traders' behaviour.

    1:36:25 A professional trader acts when his edge appears.

    1:38:21 Assess risk, set appropriate stops, develop a profit plan

    1:41:43 Self-sabotaging beliefs can impact trading performance.

    1:43:24 Mark Douglas' book 'Trading in the Zone' has had a profound impact on my life.

    Crafted by Merlin AI.

  4. 6:35 this man literally said what just happened to me a few minutes ago, I was confident in where the trade is going but the only thing I worried about was my bad entry and because of that my stop loss was tight and when I was in profit I even moved my stop loss closer and end up getting stopped out only to see the market heading in my predicted direction

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