Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude by Mark Douglas (PDF)

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.

User’s Reviews

Reviews from Amazon users which were colected at the time this book was published on the website:

⭐I really enjoyed this book. I love it when concepts that are new to me make so much sense and seem so useful. I am amazed I did not know them before.

⭐Excellent trading book! I would highly recommend this book for anyone who is serious about day trading.

⭐I liked the details about trading and how he broke down that trading is purely psychological and a numbers game. That means anyone can be a trader with enough discipline, patience and a PMA.

⭐Very fast service. Everything as represented

⭐I really enjoyed the read. The clearing of the mental fog that arises with the complexity of a trade and the steps to eliminating the mistakes that the fog creates is just wonderful. A must read for anyone interested in trading the markets.

⭐The market is a jungle! The metal game is what makes you or breaks you.. I have read this book three times and it was exactly what i needed!

⭐In a matter of short words, I believe this book is heaven sent, it has helped me realize my shortcomings and has been able to help me understand what need to change within. I’m only half way btw.

⭐This is a wonderful book and MUST read to master the psychology of trading. The information provided assists in making your beliefs a reality and allowing you to be a consistently winning trader.Absolutely helps give you the mindset needed to succeed and win at trading. It builds up to the practices required in a slow and methodical way. It seems like you are not learning anything that is helpful in the stories, but be patient and plod through the book anyway. The author does pull each one of these stories into a winning psychology as you progress through the book and at the end it all clicks on the lightbulb to success!

⭐I read this book completely with slow speed to grasp each and every chapter. I have had read other books also on trading psychology but this book appeared to me as the best among the same.The author has in the beginning narrated typical journey of a trader and how most of the traders wipe out their entire capital within a year. The Book unfolds each and every characteristic of the nature of beliefs a typical trader holds which act as a hindrance in his trading journey. The comparison of trading with Casino operator is a perfect symmetry of the whole game. A novice trader first wins money, he becomes euphoric, then he looses money, he realizes need to learn various tools and a host of technical analysis. But, still he continues to loose money. The Author has analyzed why? There are hundreds of variables on which the markets react to. No trader, howsoever intelligent and knowledgeable can say for certain that a trade that he takes will win.The Author has in subsequent chapters, given deep insight into molding the mental set of of a trader to be in tune with what market is offering. How an edge of a trader over others can work by just treating it as a higher probability and nothing else.The magic of the solution lies in the last couple of chapters where the Author has asked the readers to pen down 5 Fundamental Truths about trading and 7 principles for creating consistency in winning.I have taken down some important notes from the book for my own use. I go through these notes at least once in a week to stay my mindset aligned with the what the market is offering.

⭐This is THE best book in trading psychology. I believe all the top traders and the consistently winning ones owns or has read a copy of this. This book has now reached the top slots in my collection of trading related books. If you need to know few other books which you could consider owning, they are Reminiscences of a stock trader, How I made $2 million in the stock market, Trading psychology 2.0, The disciplined trader, Market wizards.The book is a hard bound one with excellent paper quality. I definitely received an original copy.

⭐I have had this book in an audible version for ages but never got round to listening to it. Instead I have devoured every TA book I could lay my hands on trying to rectify all the trading issues I was having. I eventually ordered this book in hard format and it probably would have sat on my shelf unread but for the fact that this book arrived before the TA one that I ordered. I’M SO GLAD I FINALLY READ THIS BOOK! It has completely changed the way I view the markets, the way the markets move and my place within that movement.I’m so excited to finally get off the boom and bust roller coaster of fear, anxiety, hesitation, self-doubt, euphoria and recklessness and I know without a shadow of a doubt that this book contains the solution to the majority of my trading issues and will allow me to trade in an entirely different way! This book has changed my entire mindset and I feel like over the course of the 5 days it has taken me to read this book the blinkers have been shed and I now know with a cast iron certainty that I cannot EVER know or predict the outcome of any one trade and the best thing is IT DOESN’T MATTER! As long as my edge allows me to make money over a series of trades according to probability then my risk is just the price of me achieving this win rate.Literally a life changing A-HA! moment in my life! I just wish someone had beat me over the head with this book 11 months ago!Obviously I will have to work and continue working on these concepts and techniques as I have 11 months of bad habits already established that I have to suck the negative energy out of – but just knowing what I need to do to get where I want to be is invaluable to me. I’m not even kidding when I say I almost burst into tears when I started reading this book because I knew immediately I had found the solution to the trading problems that were causing me so much mental anguish.I’m just sad mark Douglas is no longer with us as I would have liked to thank him personally for writing this book. (Also check out his 4 part workshop on youtube it greatly complements and expands upon the concepts and techniques in this book)

⭐Basically this book is completely based on to improve a traders mindset, it is not for just started beginners. This books tells us how to deal with market without any fear or greed and what should be the mindset of traders while dealing with the trade. In this book there are no chart pattern examples no, no indicators, no setups, it is completely based on psychology points… It’s a must read book for those who’s struggling in the market from atleast one year and isn’t profitable yet. Mark Douglas has given examples of real life to explain the concept of human behavior towards the market.. Language is little bit tricky but it is too worth to buy..

⭐This is a watershed text on investing and trading psychology. Too often we underestimate the importance of individual mindset, psychology and particularly emotion on the effectiveness of our investing or trading systems. If we can our understand traits, strengths and weaknesses, then we can personalise a system which will improve returns. Douglas articulates the common dangers of trading, such as failing to take responsibility, and then gives us principles and tools to overcome them. Thinking in terms of probabilities and not ‘right and wrong’ is perhaps the most important single understanding. When we shift our thinking in this regard, and then devise objective rules in an effective trading or investing system, then we can be more objective and consistent. This book is a must anyone’s library.

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