Trading in the Zone - Mark Douglas

Trading in the Zone

By Mark Douglas

  • Release Date: 2001-01-01
  • Genre: Personal Finance
Score: 4.5
4.5
From 179 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

  • Top 3 Trading Books of All Time

    5
    By Dexon4
    Mark Douglas provides THE professional coaching program most traders would spend $1000’s to receive and never follow the instructions. If you are looking for a trade, don’t buy a single stock, option, bond, or crypto currency... BUY THIS BOOK!!
  • PROVIDES SPECIFIC REMEDIES

    4
    By 24547484
    CONSISTENCY. CONSISTENCY. CONSISTENCY. If you have the trading problems addressed in this book, then the book will be useful. I took off one star because the writer uses that turgid, preposition-ridden language common to his field. Reviewers who complain about repetitiveness have a point, but if you are motivated to improve your trading and have wondered why you are not making progress quickly enough, undermine your gains with disastrous losses, and cannot be CONSISTENT, then the language and repetitiveness are a small price to pay. The last two chapters helped me the most, but the concepts would have gone over my head had I not read the preceding chapters. The Attitude Survey and detailed Exercise at the end of the book were helpful.
  • Great even for beginners!

    5
    By Jaymes17
    As a professional poker player looking to transition into trading, Douglas does a great job of covering the most important facet of both industries, that being the mental side, in which most of your money is won or lost. I have never even made a trade before but I believe reading this book before hand is definitely setting me on the correct path early on to look objectively at my process as I go along and improve. Will definitely be a keeper on my bookshelf.
  • Mind games

    4
    By Future Day Trader
    Great read in order to prepare one's self mentally for trading.
  • Trading in the zone

    5
    By whydoIhavetonickname
    I am new to trading I have only studied to understand the market so far. I feel very fortunate to have had the priviledge of buying and reading this book. The awareness given in this book has helped me to think like a casino owner rather than a casino player, I'm using this illustration symbolically. Thank you Mr Douglas, Joe Cardenas
  • Must read for anyone aspiring to be a professional.

    5
    By cadavi
    This book is amazing. Just read it.
  • Universal success

    4
    By saltman_01
    Trading in the Zone walks the reader through the steps not only of trading successfully but of enjoying the fulfillment of a healthy successful life. Even if securities trading is not your main focus, the main theme of this book will promote several aha moments that relate to other aspects of life. The lack of one star is due to the writers tendency to linger on one example when the point was made in the first paragraph. If you can look beyond some of the literary flaws in his style into the meat of the subject you will discover several diamonds in this rough.