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Mis-quotes, incorrect quotes, and false claims attributed to, or about Mark Douglas and “Paula T”

The following information listed here currently and frequently found across the Internet is perpetuated by traders and firms who have little knowledge about Mark Douglas and myself and who continue to mis-quote us, is for informational purposes for those traders who are seeking authenticity with our products and services.

  • Paula T is trying to fill Mark Douglas’ shoes as his greedy widow.” 
    • FALSE.
      • The following information may seem impossible to those of you who are younger than 40-50 years old!  However, this is fact.
      • In the mid-1980s when Mark and I met, we began collaborating on “The Disciplined Trader.”  At that time, there was no such thing as the field of ‘trading psychology.’  IT DIDN’T EXIST.  Mark and I, along with Dr. Van K. Tharp, are the people who created this field.  This is fact.
        • From that point forward from writing our first book together, Mark and I collaborated on every aspect of our materials, every sentence we wrote, every chapter heading, including all the pirated workshop videos available to traders out there - everything.
        • More importantly, for any traders out there to think that Mark and I spent over 25 years together but didn’t work together, or didn’t collaborate, just because they haven’t heard of me - is utterly absurd and speaks volumes about their approach to their trading.
      • In the 1980s and 1990s, considering this was an unknown subject to the investment community which at the time was 100% focused on technical analysis, there was no way our publisher would put a woman’s name – much less mine as I was quite a bit younger than Mark – on any book – especially a book they thought they were taking a chance on publishing in the first place!  Most of the editors at that time were men, and that speaks for itself.
        • To be clear, this is not an indictment about those times, or any organizations, or men in any way, it is just the way it was.!  Seemingly ridiculous today, but back then it was a man’s world more than any woman having a voice, especially with a brand-new concept or philosophy.
        • Mark fought this attitude of our publisher and pushed for my name to be listed on our first two books as co-author, but Penguin Random House refused.  Mark did get The Disciplined Trader ‘dedicated’ to me, but that was all Penguin would allow, and that was only through Mark threatening to pull the book and break the publishing contract.
          • By the time Trading in the Zone was published in the year 2000, Mark and I were hosting workshops every month, traveling across the world assisting traders to become Super Traders, so a fight with our publisher over my name on the second book wasn’t prudent, nor did we have the time to invest in what we knew was going to be a lengthy and costly argument with Penguin.  We didn’t have any interest in pursuing litigation, which is what Penguin would have instigated.
          • Once our obligation for any new books published by Penguin ended with Trading in the Zone; we began publishing our subsequent books and today my name stands alongside his, as it should have been from the start.  However, even though I have reminded them of our previous correspondence where they acknowledge I am co-author of The Disciplined Trader and Trading in the Zone, they still refuse to add my name to the books.  
          • They also refuse to publish updated editions as well, second editions that Mark and I completed years ago.
      • So, to be perfectly clear – I am not filling anyone’s shoes.  I am continuing our, I should say now, my work forward.
      • As mentioned above, there are a number of new books that we completed, which will be produced in the coming months.  
        • My podcasts will also be coming out in the fall.  And other materials!  This collaboration continues with just as much passion as there always was, from the beginning.
  • “Let your profits run indefinitely.”
    • FALSE.  
      • Neither Mark Douglas nor myself ever said that in a workshop, to a client, or in any of our best-selling/award-winning books.  
      • That statement is purely someone else’s opinion on the Internet.
  • “It’s not about the money.”
    • FALSE.
      • Every trader in the world became a trader to MAKE MONEY.  For the life of me I can’t understand why podcasts/chat room hosts/trading advisors claim that we said this or what we wrote.  Quite a few podcasts recorded by traders having “over (x-number) years’ experience” claim that trading is not about money.
      • Well then if trading is not about money – why would anyone trade?
      • That is a partial phrase and taken completely out of context from a complete paragraph explaining the mental approach needed for trading.
  • “You can’t focus on the money.”
    • FALSE.
      • Again, this is a partial quote and not part of the overall framework of certain materials we have written or presented in workshops, which is now being heard across numerous podcasts.  
        • If you don’t focus on the amount of money you want to make in the markets, meaning have a financial goal with your trading, how are you going to make any money, or take any profit?
      • This is a partial quote taken from our workshops and books and repeated across social media.  Nothing could be further from the truth.
  • “You don’t need rules to be a successful trader.”
    • FALSE.
      • All types of businesses need rules to become consistently profitable.  
      • TRADING IS A BUSINESS.  
      • The difference between all other businesses and trading – is that each trader gets to create or choose their “own” rules.
  • “Mark Douglas posted his videos for free on the Internet.”
    • FALSE.
      • Why would any trader or brokerage firm claim we would do that?   
      • If we had posted all the materials – wouldn’t we have posted our website address with them?  
      • Stop trying to convince yourself or others that this is the case, just because you feel guilty getting our materials for free, that greatly improve your ability to increase your equity with no remuneration to us.
  • “The FREE 30-minute chat Paula T provides includes exercises and continued follow-up advice.”
    • FALSE.
      • The free 30-minute chat is just that – a free chat for 30 minutes.  
      • After the free chat, traders are invited to schedule a paid consulting session with me, which is entirely up to each trader to decide to move forward with or not.
  • “Choose a profit goal amount and stick to that amount no matter what is happening in the market.”
    • FALSE.
      • Another incorrect quote spoken by other traders in their workshops, recorded, posted on social media and podcasts using our reputation to build their client base.  
      • This is a very damaging statement for new (all) traders.  
        • You DON’T stick to a firm profit goal amount without taking any/all amount of profit, until you are a consistently proficient trader.  That quote is a direct opposite of what we teach – which is, that you take “…any and all profit when it makes itself available to you…”
  • “Mark Douglas died before finishing his final book.”
    • FALSE
      • I really can’t understand where this stuff comes from and who posts it.  Furthermore, the book we finished in 2014 was not ‘his’ or “our” last book by any means.
  • “Mark Douglas and Paula T’s methodology is the same as NLP.”
    • FALSE.
      • NLP – ‘Neural Linguistic Programming’ has nothing to do with our materials.  Nor did Mark or myself ever study NLP.  
      • Our materials are comprised of learning how beliefs create our reality; self-learned through countless hours of meditation, visualization, interviews with traders across the world, and then implementing our concepts into all facets of our life.  
        • We created all of our materials from our own trading experiences, experiences of other traders, and total self-reflection.
  • “Mark Douglas never traded.”
    • FALSE.
      • Again, I don’t know where this stuff comes from.  Just because Mark and I are not out there on the Internet every single day yapping about market direction and what trades we have put on, has nothing to do with our personal trading nor does it imply much less mean we never traded.  
      • Mark was a retail broker at Merrill Lynch for years so how could it be that he never traded?   
        • Just because neither Mark nor myself share what or how we trade doesn’t mean we don’t trade.  Mark and I are not licensed trading advisors so there is no reason for me to share what/how I continue to trade.
  • “Mark Douglas is a failed trader.”
    • FALSE.
      • The people that state this have paid, and those that perpetuate this false information, will also pay financial restitution for slander.  
      • Think carefully before making false claims against someone – alive or dead.  We understand these statements come from “wannabe” traders who have failed themselves and have to blame someone.  
        • Regardless, all slander of this manner will be litigated by our international legal team.
  • Paula T told me what markets to trade.”
    • FALSE.
      • I do not give, nor have I ever given, advice on what markets to trade or how to trade.  I am not a trading advisor.  
      • I am the co-creator of the field of Trading Psychology with Mark Douglas, which is 100% focused on teaching the unique mindset needed to become a consistently successful trader.
  • “(Name(s) redacted) has been authorized and endorsed to teach trading psychology by Mark Douglas and/or Paula T.”
    • FALSE.
      • No one across the entire planet – and I mean NO ONE has been authorized or has been endorsed to teach our materials.  This includes all educational institutions such as Wharton Business School, all brokerage/investment firms on Wall Street or anywhere, and all individuals.
  • “Mark Douglas and Paula T have endorsed our products and services (website URLs redacted) to be used in conjunction with their products.”
    • FALSE.
      • Neither Mark nor myself have ever endorsed any products and/or services by anyone or any organizations specifically in:
        • United States
        • Australia
        • Canada 
        • U.K.
        • The Far East
        • U.A.E/Saudi Arabia
        • Iran/Iraq
        • along with anywhere else in the world.
      • If you are thinking about working with people/organizations especially in the top five countries listed here who have claimed endorsements, think twice or contact our office.
  • “Mark Douglas was a good friend of mine.”
    • FALSE.
      • There are a small number of people that can rightfully make that claim – certainly not the continually ‘growing’ numbers of anonymous people across the Internet.  
      • Not only was Mark Douglas a private person, I am as well, and very few were or still are allowed into our/my small circle of trust, for obvious reasons.
      • Again, listing the same countries above, if someone claims to have been friends with Mark Douglas, ask for details or contact our office.  
        • This is for your financial benefit.
  • “Mark Douglas and Paula T are Buddhists.”
    • FALSE.
      • Interesting how total strangers across the Internet make stuff up about people they know nothing about.
      • I will share that Mark is one of the most spiritual people I have ever met, meditating (praying) every day for two hours at a minimum.  His connection to God was so strong and thorough such as with myself, I am blessed to have been in fellowship together with him on this.
        • That doesn’t make us “Buddhists” or necessarily belonging to any other organized religion, it means we are sentient beings with regard for all life; knowing that all prayers are heard by God about anything and everything.  It is up to humans to listen however, for God’s answers.  
        • That is something that Mark understood, and a philosophy that I take to heart every moment of every day.
    • “Mark Douglas and Paula T teach/said that trading is the same as gambling in Las Vegas.”
      • FALSE.
        • Again, taken completely out of context.  Listed here below is the complete and correct quote from our book “The Complete Trader:”
          • Yes, as traders speculating on price movement, we’re gambling, but that doesn’t mean that we can’t assure ourselves of producing consistent, reliable profits. There’s a huge difference between the way we’re gambling as traders and someone who walks into a casino and starts pumping money into a slot-machine; where his odds of experiencing consistent results are virtually non-existent.
  • More on this information in the section from ‘The Complete Trader’ titled “The Benefits of Adopting a Belief that says I Am Gambling.”


  • “Mark Douglas was ill for some time.  He knew he was dying, that is why he had an auction of his private collection of trading memorabilia.”
  • FALSE.
  • Mark and I had scheduled the first of several auctions in the fall of 2015 while we began downsizing from our 3,500 square-foot house to a high-rise condo.  We loved the convenience of high-rise living, which we enjoyed for decades in downtown Chicago!  
  • We had so much trading memorabilia gathered from around the world that was sitting in our offices and closets collecting dust.  Mark and I felt that we should not continue to hang on to the items so we set up the auction for other traders to enjoy the items as we had.  The purpose of the auction was also to teach traders to respect what they buy.  Why?  Because everything has value.
  • Other auctions will be held in 2022 showcasing his original art and other personal items.
  • Mark was not ill when he died.  Quite the contrary!  He had just been given a clean bill of health from a routine check-up with his doctor at the Mayo Clinic.
  • He did not die from a heart attack.  He did not die from am embolism.  He did not die from a stroke.  He doesn’t need to be “…dug up and checked for poisoning…” – a litigious, outrageous comment flowing across the Internet for a few years.
  • His huge heart simply wound down like an old-fashioned ‘wind-up’ clock, because he was exhausted from his commitment and passion to give unconditionally to the investment industry, the industry that just kept taking from him.  
  • He could not spiritually resolve that the attitude of the investment world was not “fair and equitable” and chose to enter into his final rest.

*Please note we will update this page as needed.  If you come across any questionable quotes, please contact our office!