I think the subject matter of the book. It was more effective listening to it than reading it.
I would compare this book to another book that I have, Mastering the Trade. In subject matter and the author's tone. However that other book could not have been an audio book because it contains tons of charts and diagrams.
His tone sounded great. He sounded authoritative and knowledgeable.
The last 2 chapters were the best.
This was my first audio book experience, however I think this book was perfect for listening to. I was able to listen from my phone and complete the book in about a week while commuting back and forth to work.
If you're a trader on a regular basis and search for consistent profits, you have to develop a trader's mindset as outlined in this informative dosier on the psycology of trading. Why we make the mistakes we make and sometimes get into a self sabotage mode. It also instructs on how to develop dicipline in our rules and why it is important. Excellent read although you have to keep your mind engaged to really get the most out of what Mark is saying.
Saves me countless of hours by focusing instead on the psychology of trading rather than poring hours understanding market data. Strikes at the very heart of why more often than not we failed as a trader. I'd rather be a trader with the winning attitude than a trader who spends most of his free time trying to fight the market and end up frustrated and badly beaten. The narrator did a terrific job, the listening is easy and soothing and If Walter Dixon is the one narrating on any book, there's a big possibility that I will by that audible book.
A must read book! This is a great work on the mentality and perspectives need to become a top 10% trader.
If you find this book boring, hard to understand or too esoteric, you need to give up your trading dream so that you don't loose all of your money.
If you enjoyed the book, are intrigued by its concepts and want to learn more, then you may have what it takes to be a successful trader.
Excellent explanation of the way a Trader thinks and the learning process involved. Goes beyond the basics and provides an in depth understanding of what it takes to be a winning trader.
This book is better organized for the reader/trader. Though, The Disciplined Trader which is the authors 1st book is a great read as well.
All chapters are great.
Every trader will benefit by reading/hearing and rereading /rehearing this book.
if you are a trader, this is close to the holy grail, (no one can ever get the holy grail) for mental conditioning ,on my favorites list and now stands in my library...
myself and my mental framework
the content reached the right place between my ears....
you can't get something for nothing, you have to listen and see if your mind has the ability to pull it out....if it can you are in a better place, if not , please close you trading accounts, you are not a trader ....
Essential, Provocative, Enlightening
Daniel Kahneman's Thinking Fast and Slow. Both deal with how difficult it is to think in probabilities and how to set oneself up to truly do so.
Both. The mistakes traders make made me laugh as I have done them all. And cry because the solutions are simple but not easy.
At some point, every trader will need this book. Douglas assumes the reader already has a system for trading and knows how to use it, i.e., is already practiced at technical analysis. He deals flat-out with the psychological aspects of executing trades effectively.
There is sizzle but meat.
Same stuff over and over in the entire book.
Nothing I can learn.
Author said he was not a good trader. He should have written the trading book after mastering trading.