Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude - Hardcover

Mark Douglas

Hardcover

ISBN 10: 0735201447 ISBN 13: 9780735201446

Publisher: Prentice Hall Press, 2000

Synopsis

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.

About this title

From the Back Cover:

"Although I consider Mark a close friend, I still feel privileged to write a review for a book that has made such a substantial contribution to the development and success of traders all over the world.  Trading in the Zone is not to be read and placed on the shelf with the rest of the "trading" books. You'll find like many traders that its place is on your desk as a companion.  And it's not just about trading.  Trading in the Zone will also help you approach your daily life in a more positive and insightful manner.  I continually recommend to the traders that I mentor to read at least three pages of Trading in the Zone a day. I've found it has the effect of transforming a person's thinking in ways that allow them to trade without the kind of fears that can cause them to make trading errors or generally get in the way of their own success."
 
Larry Pesavento
President, TradingTutor.com
Author, Coach, System Developer

"Trading in the Zone is a must read for any serious trader. It offers extensive insights into the development of the professional trader's mindset by giving the reader practical examples of what it takes to think and perform like a consistently successful trader." 
 
Paula T. Webb
President, Path To Fulfillment™ Institute
Author ~ An Independent Prosperity


And more......

From the Inside Flap:

Even the most astute, highly motivated, well-grounded traders can be crippled by counter-productive thinking that leads to poor decisions and trading errors.  They suffer from an inability to stay objectively focused or lack the necessary confidence to execute their trades properly.  Or they let mental contradictions and misconceptions about trading or the nature of the market rule their trades.

In this book the reader will learn that maximizing the trader's state of mind is the key to successful results.  Douglas teaches traders to think in terms of probabilities and to adopt the core beliefs necessary to assuming the "winner's mindset."  Traders in the "zone" don't need to know ~ and don't care ~ what the market is going to do next.  They know what they are going to do next.  And that makes all the difference.

About this edition

• Publisher: Prentice Hall Press
• Publication date: 2000
• ISBN 10: 0735201447
• ISBN 13: 9780735201446
• Binding: Hardcover
• Number of pages: 240