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

Mark Douglas

Jan 2001 · Sold by Penguin

About this ebook

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.

Ratings and reviews

A lot of the negative reviews here are from people who are "invetors" and not traders. If you plan on day or swing trading short term, then this book is a MUST. Psychological boundaries are a known hindrance to a true TRADER This book will help identify and overcome these roadblocks.

Poor examples make it boring to read. The child and dog example, the free money example. I found these examples were dragged on and on and little or no relevance to trading. I had high expectations, but found it disappointing.

The book starts off good but ends up being extremely repetitive. The book basically talks about approaching the market from a neutral perspective, how creating expectations is dangerous, and to accept that every trade has a completely random outcome that you cannot control other than your reaction to it

About the author

Mark Douglas is also author of "The Disciplined Trader™:Developing Winning Attitudes" published in 1990 and considered an industry classic--and one of the first books to introduce the investment industry to the concept of trading psychology. Mark began coaching traders in 1982, and has continued to develop seminar and training programs on trading psychology for the investment industry, as well as individual traders.  He has been a frequent speaker at seminars across the world, as well as in the U.S., teaching traders how to become consistently successful.  He is currently working on his third book, and can be reached through his website markdouglas.com.