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

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude | Mark Douglas | Belongs on Every Traders "Must Read" list

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Trading in the Zon...

	Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude Mark Douglas Prentice Hall Press, 2000 - 240 pages average customer review:based on 166 reviews view larger image
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highly recommended

Wish I would have written this book myself!

As a clinical psychologist just entering the trading arena, I am profoundly grateful to have found Mr. Douglas' books. Thinking I already "knew" what I needed in terms of investing, after a number of large losses, I read and re-read his books, and found myself on many of the pages. I came to realize that not only did I NOT know what I was doing, but rather, had convinced myself that I KNEW where the market was going ~ based on erroneous theories and conversations with fellow associates and peers.

If you are serious about being successful as a trader, I suggest you get rid of any and all notions you currently believe about the markets ~ and study Mr. Douglas' books intensely. Do the work, and you will succeed. I am now on an upward track, and have only Mr. Douglas to thank for that. And, as a Ph.D., that was hard to admit ~ but I'm glad I did, and I'm glad I did the work. You will be too.

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Belongs on Every Traders "Must Read" list

Along with Douglas' first book "The Disciplined Trader" this is one of only five books that all traders must read and use to be capable of being sucessful. It does not deal with specific trading methods except as working examples to demonstrate how our psychology works for or against us. After reading this you will have the tools to train yourself to become one of the very few who are successful long term and to know why: it's not about the trading technique, but about your ability to adopt and maintain the necessary state of mind to both make and keep money.

The other books I strongly recommend are Curtis Faith's "The Way of the Turtle" and Nassim Taleb's "The Black Swan" and "Fooled by Randomness" which will give you second thoughts about trading at all. It is possible to make a lot of money in the markets. It is much more difficult to keep it and very very few actually do.

Before you decide to trade, read the "Rich Dad / Poor Dad series by Robert Kiyosaki and understand why he recommends building a business as the best investment. You cannot get rich quick trading the markets. But you can get poor quick - as most do. And it can take years to recover.

If you are going to trade, do it as though you are going into a War zone (you are) and prepare yourself to operate under fire by practicing hard and with unbiased feedback from a coach beforehand. Douglas is one of the best trading coaches you will find - honest, direct, knowledgeable : a great teacher who has been through the war himself.

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Trading in the Zone

Outstanding! The psychological aspects of trading are probably the hardest to recognize and master. Mr. Douglas does a tremendous job of providing insights in this arena. A "must" for any serious trader.

reviews: 1, 2, 3, 4, 5, page 6, 7, 8, 9, 10, 11, 12, 13, 14, 15

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