The Disciplined Trader: Developing Winning Attitudes Hardcover – April 1, 1990

The Price has Dropped! But is it Cheap?

- The best price we've seen on Amazon in the past 5 months was on June 4, 2019. The current price is considered the lowest and a good time to buy. It is -7% lower than the lowest cost we've seen previously. This is cheap!


Table of Contents

currently lowest price

29% Drop

Updated September 16, 2019

Available on

  Amazon

Price Activity

DatePrice ActionChange %Price Level
19 Aug, 2019Price Drop-28.61%lowest
11 Aug, 2019Price Increase26.16%high
19 Jun, 2019Price Increase3.99%low
15 Jun, 2019Price Increase0.15%low
4 Jun, 2019Price Drop-0.15%lowest
Update on 16 Sep, 2019

Amazon.com price change % swings above and below average price

Showing: Area under 0 show price is cheaper than average. Above 0 shows higher price than average.
The Disciplined Trader: Developing Winning Attitudes Hardcover – April 1, 1990

Product Details

  • Amazon.com Sold on
  • 0132157578 Amazon ASIN
  • Categories

    Books, Business & Money, Investing

Reddit Reviews and Recommendations

  • 6 Reviews
  • Feb. 17, 2019 Last Review Date
  • Nov. 22, 2013 First Seen Review Date
  • 5 Reviewed on Subreddits

    BitcoinMarkets (2)
    Bitcoin (1)
    CryptoCurrency (1)
    ethtrader (1)
    investing (1)

Discussion and Reviews on Reddit

Daily General Discussion - February 17, 2019 [R]

7 months agoCraptoTraitor posted submission on ethtrader.
Feb. 17, 2019

Welcome to the Daily General Discussion thread of /r/EthTrader.


Thread guidelines:

  • Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
  • All sub rules apply here so please be familiar with them.

Resources and other information:

  • Find the latest Altcoin Discussion thread in this search listing.

  • Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, see here.

  • To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.


Enjoy!

7 months agoCraptoTraitor posted comment on ethtrader.
Feb. 17, 2019

I have this relic picture from my portfolio a year ago stowed in my phone... Good old times... [R]

7 months, 2 weeks agoCraptoTraitor posted submission on CryptoCurrency.
Jan. 28, 2019
7 months, 2 weeks agoCraptoTraitor posted comment on CryptoCurrency.
Jan. 30, 2019

The best thing you can do is learn how to trade, so that you are prepared if this happens again. Also, one of the most important aspects of trading is psychological control. This book will help - https://www.amazon.com/Disciplined-Trader-Developing-Winning-Attitudes/dp/0132157578

What are you doing or want to do to become a better investor? [R]

1 year, 10 months agoNov. 11, 2017

[deleted]

1 year, 10 months agosumren posted comment on investing.
Nov. 12, 2017

Was told to read The Disciplined Trader when I started my job trading. The most powerful takeaway for me was keeping a trading journal which I later incorporated into my investing too. Really helps avoid the psychological and emotional biases that we're susceptible to.

How could I have bought bitcoins at the recent cheap price crash using an exchange? [R]

5 years ago8BitDragon posted submission on BitcoinMarkets.
Aug. 18, 2014

Is there an exchange that lets one setup triggers to buy when the price dips below a certain point?

Do I need to prove my identity before being about to use the exchange? Is there one that doesn't require that?

5 years ago8BitDragon posted on BitcoinMarkets.
Aug. 19, 2014

Investopedia and Babypips are generally recommended sites if you want to learn more about trading.

There are also several good books, for example The Disciplined Trader.

Tips on daytrading [R]

5 years, 9 months ago8BitDragon posted submission on BitcoinMarkets.
Dec. 1, 2013

Recently I bought some bitcoin and I'm planning on buying some more later tonight, if I see a continued upward trend after today's drop. I just wanted to ask for some tips from people (since i'm a newbie) on daytrading.

I'm probably going to hold onto half of my coin and daytrade the other half. I also heard PPC is gaining momentum and I think that will be my main one i will trade with (maybe also NMC). Any tips?

5 years, 9 months ago8BitDragon posted on BitcoinMarkets.
Dec. 1, 2013

This is my advice to a beginning Bitcoin daytrader. There are other ways to trade, and others may wish to offer their advice as well.

Start Small

Take 90% of your coins, put them in cold storage (don't leave them in an exchange or you will be tempted to trade with them). Then daytrade with the other 10%. In the beginning, you will loose a lot. This way it will not hurt you too much.

Keep Score in Bitcoins

It's a good idea is to count your trading capital in bitcoins - try to maximize the amount of bitcoins you have. This is your score. Over the years bitcoin will probably continue to grow in value, so if you maintain and grow your bitcoin amount, you will gain from this growth (the other way to trade would be to count your trading position in dollars, but then it's much harder to keep track of whether you are making more from trading than you would have from just holding the original coins).

Follow the Market

Follow the medium length trends that last for hours or a bit less. Look at five minute to one hour bars on charts (Clarkmoody is a good chart site to use). Trying to trade too short swings is not worth it - there's much more noise there and you end up chasing too small trends to make enough profits to cover the trading fees.

When you spot a consistent downtrend sell your coins. When it starts to level off, buy the coins back (the one-minute bar view is good for spotting when the trend levels off). If the price stops going down and starts to rise, buy the coins back immediately, even if it is at a loss. Do not let a loss run. At other times (and over nights) leave the funds in bitcoins, with zero fiat.

Following these rules requires mastering your emotions - don't hope that the price will come back down later if it went over your sell price, just close the position and accept the loss.

This way you should be able to increase your bitcoin amount over time. When you get more confident, you can trade with a bit more of your total bitcoin funds.

See the Patterns

You will learn to spot patterns in the price movement over time. Some of the more common and easy to spot ones are ascending and descending triangles, when the price is butting against a wall either above it (resistance to growth) or below it (support for the price) until it breaks through (in most cases) or is deflected (if the price movement is not strong enough).

Often the price will bounce or snap back quickly from dips or rises towards the average price. It oscillates on different frequencies. It searches for the consensus of what it should be in fibonacci steps and retraces.

Keep Learning

There are places where you can read up more about trading online, and some recommended books as well, but to learn trading you need to do it, so go ahead and give it a try! Currently Bitcoin has a high volatility with large swings that should offer some good trading and learning opportunities.

Have fun, and trade safely!

Need advice on inheritance, arbitrage, family, etc. Please, I am becoming desperate. [R]

5 years, 9 months agoOneFixt posted submission on Bitcoin.
Nov. 22, 2013

The Bitcoin boom has been wonderful for some people, obviously, but I am really struggling. Last year my father passed away (my mother passed away from cancer many years ago), and my sister and I were left with a large inheritance. I am 23 and my sister is only 17 (parents had us when they were somewhat older. The inheritance was placed entirely in my control to be split between my sister and I. He did not want her to have access to the money until she turned 21. I am tasked with assisting her with college payments, etc. I chose to liquidate the majority of the assets and was left with around $750,000. I am bitter about this because I was ripped off by a shifty individual taking advantage of my ignorance on some things. I should have gotten much more than I did.

I discovered Bitcoin a few years ago. I today greatly regret that the moment I liquidated the inheritance I didn't place the entirety of it into Bitcoin. With Bitcoin on the verge of making it very, very big I began performing arbitrage six months ago. The rising adoption has created volatility which makes it very good for arbitrage. I know of people that have made A LOT of money doing this, but I have now lost A LOT of money.

I am consistently misjudging the movement of the markets. I buy in and sell, not holding any long term positions. On the 19th, I bought 250 coins at $800; it was quickly rising and I was worried I would not be able to buy in at that price ever again. Immediately after my purchase it began tanking. I tried to hold my position hoping it was just temporary and would return to $800 and increase from there. After hitting around $600 it began to increase again, I viewed this as reaffirming my projection. It rose again to around $700. I held my position into the 20th, it dropped to $500 and that was my sell point hoping to minimize my losses. I lost $75,000 in an almost 24/hr period. This was my fastest and almost largest single trade loss. If I had continued to hold I would be able to sell right now with minimal losses.

I have "made" money on trades, but overall the losses have kept me in the red. As of today, over the past 7 months I have lost a total of $410,000. The inheritance was supposed to be split between my younger sister and I, giving us each $375,00 + half of the house (not worth much, rural area, etc).

However, I don't have a legal obligation to provide her with half of the money, that was a verbal contract between my father and I, the in-writing legal stuff allocates it all to me. I made the mistake of telling her that I invested the money in Bitcoin; she has read the news etc on it, so she is under the assumption that there is a lot more money than there actually is. Regardless, I have already paid her first year of college tuition in cash anyway, this was around $30,000. I also bought her a used car to take to college ($5,000). We later found out they don't want freshman to have cars?? So we might sell it and I can give her that money. Ultimately, in addition to other living expenses, bills, car, etc I have around $280,000 left which is currently all liquid.

Now, if you took the time to read all of that, thank you, sorry it was so long. What I am looking for is advice on how to trade. How can I guarantee that I earn high returns? What are good resources on how to trade Bitcoin? Are there any good books to read on trading? General information I may be missing?

I know I can earn this money back, I just need to figure out how. If there is an experienced trader out there that is in need for funding I am willing to work out a deal where we can work together on this. I need to see a proven track record of success though.

Thanks for your time. I know a lot of people are going to respond negatively to me, I know I fucked up. I really, really, need advice though so please don't downvote me just because I am an idiot.

5 years, 9 months agoOneFixt posted on Bitcoin.
Nov. 22, 2013

The safest way to make money on bitcoin arbitrage, from a profit perspective (you will have to figure out the legalities and tax implications), is buying/selling bitcoins locally at a markup and hedging on an exchange.

Becoming a profitable active trader takes time and discipline; it is a full-time job, it can take you years to be consistently profitable, and you will likely lose your entire account several times before you learn what you need to learn. It is going to bewilder you, drain you emotionally, and take over your life. Do you really want to be a trader, or are you gambling hoping to get lucky? If you just want to get lucky, you would be better-off holding some bitcoins for the long-term while making sure you have enough money to live on.

Trading involves not just an understanding of technical and psychological workings of the market, but a mastery of your own psychology and emotions. You may wish to read The Disciplined Trader to understand why and how this can be accomplished.

By not telling your sister of your actual situation, you are putting pressure on yourself which leads to over-trading, hoping to make back what you've lost. This psychological pressure guarantees that you cannot be objective about price movement - you will see either what you want to see or what you are afraid of, and not what is actually happening. This pressure and desperation will also make you seek advice from people who are not qualified to give it, effectively projecting the responsibility for your bad trades onto others while the losses remain your own. Don't follow anyone's price targets or analysis if you cannot confirm those targets with analysis of your own - that means you need to be able to perform analysis of your own before you can judge the analysis of others.

All this will require time, patience, comfort, and dedication - something that you cannot have if your are not consistently honest with yourself and those around you, if you are desperate and trying to take more than the market is willing to give you. Consider not just the possibility of gain, but the very real and likely possibility of loss. Good trading is mostly about managing risk, not chasing reward.

Slow down, tell your sister what is happening, gain her support, and learn to trade on a smaller account since you will probably lose that account several times over. This is her money, too, and whether you admit it to yourself or not, you simply can't be at ease unless she approves of what you are doing with it. And don't kid yourself that she knows what you are doing and has agreed to it, you have not been honest with her about your returns or your skill level, and you are not giving her an option to say "no" and pull out her half of the money. If you do not understand the significance of this, then you are not ready to be a profitable trader.

Treat your losses so far as a lesson. They will show you how most people get trapped buying at the top and selling at the bottom, what that feels like, and how to avoid it next time. Learn from all your mistakes, whether they are trading mistakes or life mistakes. Slow down, you have enough money to live on and don't have to be as desperate as you are. Protect your capital, don't over-trade, read books, practice with what you can afford to lose, study trading seriously, or don't trade at all. Keep in mind that it takes 10,000 hours to get genuinely good at something, and only about 7% of traders end up being profitable. Those 7% are not chosen at random.

edit: I am sorry for the greatest loss that you and your sister have suffered, that of your parents. This may also be a factor in your trading, and you need to work through any possible emotions of guilt, regret, and sadness that remain. Be responsible, in every sense of the word. Think about the long term and how you can protect the inheritance that remains long enough for you to learn how to manage it.