Mark Douglas - MIND OVER MARKET (Full length Interview)

good morning Traders thank you for joining us on this WTV special on putting your mind over the market I'm Jared Levy Chief option strategist here on wise trade TV and using psychology in today's market is not an easy thing to master it takes a lot of discipline and skill to become a consistent and successful Trader here to talk to you about what you need to do in order to put your mind over the market is Mark Douglas Mark has been a successful Trader since the 80s and has written two books on trading psychology both trading in the zone and the discipl trader you've heard me talk about them many times here on WTV and he is here today to help you become successful Traders Mark good morning how's it going good morning Jared glad to be here and I hope I can be of assistance to uh some of your traders who are viewing right now Mark you know last time we were together was it wise and uh had a lot of fun thanks so let's get started first of all you know one of the things one of the main things one of the main issues that I see all the time is that people don't use their method to its full potential in other words there's a negative correlation between where the what the trader ends up with and what he could have had if he just followed his methodology uh in your DVD program you refer to this as the profit Gap this is a problem you refer to it as a profit Gap and I I think it's one of the least understood concepts of trading can you address this a little bit this profit Gap yeah that's actually a really good place to start because because I think that more than anything what your viewers want or what your customers want are consistent results they want to be able to produce an income that you know that they can rely on from their trading and I'm sure that that you know many of your viewers have already realized that that's getting a steady income is not such an easy task yeah and everyone seems to get trapped thinking that because trading is easy or because it's easy to find yourself in a winning which many people do right you know they think it's also easy to become a consistent winner right and and and you know it it took a long time before it actually dawned on me that winning and being a consistent winner are two completely different animals two different things and in some ways there isn't even a relationship so between the two