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 397 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

  • Solid

    4
    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!

    1
    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

    5
    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

    5
    By Von master jam
    Highly recommended for seriously traders who want to consistently trade well.
  • Very good

    5
    By mena111111
    Good
  • A time waster

    1
    By switchking2
    All about feelings and no strategy on trading.
  • Trading Foundation

    5
    By TP Phil
    The principles in this book will give you a solid foundation in your psychology and systems in day trading that is necessary to becoming consistent. I would highly recommend reading.
  • 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.