Re: What are traders?
Your description of a "trader" is fairly accurate although there are many more forms and types of traders. But the "trader" that Douglas speaks to is basically a day trader or market maker. His advice and writing is tailored to the guy that is in and out of the market all day long and the psycholgical hurdles that this type of trading encounters. If this isn't what you are involved in his writings will be pretty meaningless to you. But if you are doing this kind of trading you will see just how valuable his advice is.
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