Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude
Maximizing the trader’s state of mind is the key to successful results. Conflicts, contradictions and paradoxes in thinking can spell disaster for even a highly motivated, astute and well grounded trader. Mark Douglas, a trader, personal trading coach, and industry consultant since 1982, sends the message that "thinking strategy" will profoundly influence a trader’s success rate. Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market.Trading In The Zone offers specific solutions to the “people factor” of commodity price movement. It uncovers the true culprit for lack of consistency when it comes to stock picking: lack of focus and self-confidence. Through simple exercises, traders will learn how to think in terms of probabilities, and adopt the specific beliefs necessary to developing a winner’s mindset. Along the way, they’ll gain valuable insights into their own entrenched misconceptions about the market.
Backed by compelling examples, Trading In The Zone adds a new dimension to getting an edge on the market. Through a better understanding of themselves, as well as of Wall Street’s realities, traders will come to leverage the power of their psyche for unprecedented profitability.
Product Details
Editorial Reviews
From Publishers Weekly
Douglas, president of the seminar firm Trading Behavior Dynamics, focuses on the psychology of successful traders. Instead of offering specific strategies, he advises readers, "The first step on the road...is to understand and completely accept the psychological realities of trading." It may be too abstract for some, but given trading's risks, this book could assist experienced investors willing to engage in self-reflection. (Jan.)
Copyright 2000 Reed Business Information, Inc.
About the Author
Mark Douglas is the author of NYIF's The Disciplined Trader. He is president of Trading Behavior Dynamics, which develops seminars on trading psychology for brokerage houses, clearing firms, and banks, among a wide range of professional organizations. He lives in Scottsdale, Arizona.
Thom Hartle wrote the foreward for Trading in the Zone. He is vice president of Wizard on Wall Street, Inc., publishers of professional level study courses for traders, and editor of eCharts.com, an educational website for traders and investors interested in technical analysis. For nine years, he was the editor of Technical Analysis of Stocks and Commodities.
Customer Reviews
Not much of helpful information
Bought the book after reading all other good reviews but was dissapointed. This books has too much repitation of same example which was a bit annoying. Chapter 11 excercise wasn't helpful. After reading the book I walked away with nothing helpful to improve my trading. Very dissapointed.
Read: The Psychology of Trading: Tools and Techniques for Minding the Markets
Trading in the Zone
Very pleased - the book arrived when promised and in excellent condition. A great savings over buying retail.
AWESOME AWESOME AWESOME (for me)
OK - If you are an experienced trader with a plan, but can't make yourself trust the plan "Pull the Trigger", then this is the book for you. I did another review that doesn't seem to be here, but I gave it 4 stars, because I still could not enter a trade without fear. 2 days later after STUDYING Mr. Douglas's book, I get it - the information entered my soul and at this time I am trading with confidence instead of fear. Not 100% confidence yet, but see me in 30 days and I will be telling a different story if I just apply my plan which I now can do.
To me that is all this book is about. Getting the fearful trader to lose his/her fear and follow through with all the learning that they know will work.
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