Trading in the Zone - Mark Douglas

Trading in the Zone

By Mark Douglas

  • Release Date: 2001-01-01
  • Genre: Personal Finance
Score: 4.5
From 456 Ratings

Description

Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money.  He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.

Reviews

  • Not great

    By Arun Paperless
    All the best trading books are the ones people don’t recommend. There is some good info here on addictive personalities and how trading can be a recipe for disaster for them. The sort of emotional disattachment that this book preaches, however, will get you into big trouble if you do not have a thorough understanding of the financial markets. You absolutely need to feel the sting of your losses if you are to learn from your mistakes. I’m doing well now, but earlier in my trading journey, I proceeded to promptly lose money after reading this book.
  • The Foundation.

    By RentAl Bundy
    An essential read to be successful in the stock market. Make this a requirement for yourself before you ever trade a dollar of your own.
  • Great Read!

    By HollyWood Liver
    "Trading in the Zone" offers invaluable insights that can help traders achieve a more balanced and effective trading practice. This book is a must-read for anyone looking to improve their trading performance through better psychological resilience and mental clarity.
  • Great

    By Gala9ja
    Great
  • Solid

    By Bdhetqkfvrjthrv
    The book is mainly focused on trading psychology. Don’t pick this up if you are looking for strategies or TA guides. Over all enjoyed this book. It’s a relatively quick read. The author primarily used analogies and stories to get his point across. At times it’s rather repetitive but the author has some solid points that he wants to hammer into our brain. I would recommend this book for any trader at any experience level. I’ve learned quite a bit about the human mind through this book (even outside of the markets). I now have a better understanding of the complex emotions that I’ve experienced while reading and how many (if not most) of these beliefs/responses are self deprecating. The author focuses primarily on developing consistency and explains how holding that as a goal can perpetuate a trader into all in which they desire. I will be applying several of these concepts to my own trading and recommend this book to fellow traders.
  • Really? What an absolute joke!

    By PatG88
    Here, I’ll go ahead and tell you how this book reads…. Trading mindset, is all about the trading mindset, it’s because you need to be in the trading mindset. If not in the trading mindset then there is no trading mindset which is imperative to the aforementioned trading mindset. You are the trading mindset, we are the trading mindset, we should all be the trading mindset. Insert conclusion. What an embarrassing book to be the author of.
  • Game changer

    By Jacks stack
    It completely revamps your mental thoughts, emotions, beliefs of trading. I have become such a better trader since reading.
  • Trading in the Zone

    By Von master jam
    Highly recommended for seriously traders who want to consistently trade well.
  • Very good

    By mena111111
    Good
  • A time waster

    By switchking2
    All about feelings and no strategy on trading.