Trading in the Zone
Master the Market with Confidence, Discipline, and a Winning Attitude
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4.7 • 437 Ratings
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- $14.99
Publisher 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.
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.
Customer Reviews
The Foundation.
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.
Not great
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.
Great Read!
"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.