Mark Douglas Quotes

Best Other Quotes by Mark Douglas

“If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.”

“If your goal is to trade like a professional and be a consistent winner, then you must start from the premise that the solutions are in your mind and not in the market.”

“When you achieve complete acceptance of the uncertainty of each edge and the uniqueness of each moment, your frustration with trading will end.”

“When you genuinely accept the risks, you will be at peace with any outcome.”

“You create your own game in your mind based on your beliefs, intents, perception and rules.”

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“P/E is a company’s 'price to earnings ratio'.

Let's say that a company's stock trades for $100 and that the company has earnings per share (EPS) of $6.50 over the last 12 months. We can calculate a trailing ('last 12 months') P/E ratio for that stock by simply dividing the stock price ('P') by the EPS ('E'), so 100/6.50 equals about 15.

We can say that this stock has a TTM P/E (trailing 12 months price to earnings ratio) of 15. Historically that is a pretty good average P/E for a stock or for the stock market as a whole.”

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