Transcription of Developing Winning Attitudes
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Developing Winning Attitudes
TheDisciplined TraderDeveloping Winning AttitudesMark DouglasNEW YORK INSTITUTE OF FINANCEL ibrary of Congress Cataloging-in-Publication DataDouglas, disciplined trader : Developing Winning Attitudes / by 0-13-215757-81. Stockbrokers Attitudes . 2. Stock-exchange. I. dc20 90-30237 CIPThis publication is designed to provide accurate and authoritative informationin regard to the subject matter covered. It is sold with the understanding thatthe publisher is not engaged in rendering legal, accounting, or otherprofessional service. If legal advice or other expert assistance is required, theservices of a competent professional person should be a Declaration of Principles Jointly Adopted bya Committee of the American Bar Association and aCommittee of Publishers and Associations 1990 by Mark DouglasAll rights reserved.
he may engage in more losing trades than winning ones. But money management, and a careful assay of the risks protected by realistic stops, will keep the trader out of trouble and ensure that on the "big" moves, he will profit. Money management is composed of two essential elements: psychological management and risk manage-ment.
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