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Average rating: 5/5

Based on 7 ratings

Trading In The Zone 1e: Master The Market With Confidence, Discipline, And A Winning Attitude

by Mark Douglas

Berkley Trade | January 15, 2001 | Hardcover

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 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.

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Rating: 5/5

Most important trading book

avid-reader

17 months ago

This book is the first book you should read before trading. I trade Forex and this book teaches you how to think. I have read many technical books and never thought I would read a trading book that would impress me this much. If your technical analysis is good but you are still losing trades, read this. This book will make you aware of why you are losing. You still have to do the work of changing your attitude.

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