Mark Douglas Quotes || Trading Psychology

Wisdom of Mark Douglas. Learn to trade without the slightest bit of fear.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

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[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

As a trader, you have to decide what is more important—being right or making money—because the two are not always compatible or consistent with one another.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

The market is never wrong in what it does; it just is.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

Movement creates opportunity to make money, and making money is what trading is all about. This is also true for the hedger trading to protect the value of his assets.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

Having the skills necessary to consciously manipulate one's psychological environment is essential for the trader who recognizes how ineffectual a trading system can suddenly become whenever a tense situation demands a split-second decision.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

Academic credentials, degrees, reputations, even a high I.Q. don't make you right in this environment as they would in society.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

There are many market gurus who can predict market moves with uncanny accuracy but can't make money as a trader. Either they don't know the nature of beliefs and how they affect and determine behavior, or they don't want to confront the issues surrounding these beliefs.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

Until you learn the appropriate skills, your success as a trader will be determined by a number of psychological factors that often have little or nothing to do with the markets.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

You create the game in your own mind based on your beliefs, intents, perceptions, and rules. It is your own unique perspective and no one else's and the secret is, you can and do choose how you perceive events.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

The intensity of your emotional discomfort and pain you experience as a trader is an excellent indication of how much you will have to change to trade without fear and be consistently successful.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

As a trader you constantly have to define what is high and what is low relative to your beliefs about the future.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

The few individuals who have achieved astronomical success in trading at some point learned to stop trying to conquer the markets or make them conform to their expectations or mental limitations.

[Global GeoMacro Trading @GeoMacroTrader]

A trader has to become one with the markets. That's just the way it all works. No conquering. No defeating. "Be like water, my friend." "Be formless, shapeless, like water.” -Bruce Lee

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

The less I cared about whether or not I was wrong, the clearer things became, making it much easier to move in and out of positions, cutting my losses short to make myself mentally available to take the next opportunity.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

Even though we all participate collectively, the market is not the same for all of us. Every move the market makes has a different meaning and impact on each of us as individuals.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

The market behaves as it does because of the interactions of hundreds of thousands of people.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

The intensity of your emotional discomfort and pain you experience as a trader is an excellent indication of how much you will have to change to trade without fear and be consistently successful.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

The few individuals who have achieved astronomical success in trading at some point learned to stop trying to conquer the markets or make them conform to their expectations or mental limitations.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

Believing that trading is easy is the reason for the unrealistic expectations.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

Having the skills necessary to consciously manipulate one's psychological environment is essential for the trader who recognizes how ineffectual a trading system can suddenly become whenever a tense situation demands a split-second decision.

[Mark Douglas Quotes || Trading Psychology @MarkDouglasBot]

The more I followed my rules the more I trusted myself. The more I trusted myself the more I could focus my attention on subtle relationships in the market's behavior to learn new things about the market helping me become a better trader.