Study Guide for Come Into My Trading Room - Forex Factory

MIND—THE DISCIPLINED TRADER 95
Rating Yourself
Below 33 Poor. Trading psychology is too important a component of
trading success to skip over. The psychological demands of trading
are quite different from those of the corporate life. Independence, initiative,
and personal accountability are among the essential traits of
a good trader. You cannot move forward until you get higher grades
on this test. Please return to the recommended reading materials,
study them, and retake this test a few days later.
33–38 Fairly good. You have grasped the basic ideas, but this is not
enough because trading psychology is so important. Look up the
answers to the questions you missed. Think about them, review the
recommended literature, and retake this test in a few days.
39–44 Excellent, even if you did not get a perfect score. Review those
questions on which you did not receive a perfect score to find out
whether you made an error or simply exercised an independent
approach to psychological tasks.
Required Reading
Elder, Alexander. Come into My Trading Room (New York: John Wiley & Sons,
2002). See Chapter 4 “Mind—The Disciplined Trader.”
Additional Reading
Douglas, Mark. The Disciplined Trader (New York: New York Institute of
Finance, 1990).
Elder, Alexander. Trading for a Living (New York: John Wiley & Sons, 1993).
See “Individual Psychology” and “Mass Psychology” (pages 11–68).
LeFevre, Edwin. Reminiscences of a Stock Operator (New York: George H.
Doran Company, 1923).