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

[MadMarketScientist 11]

Product Description from Amazon

 

Maximizing the trader’s state of mind is the key to successful results. Conflicts, contradictions and paradoxes in thinking can spell disaster for even a highly motivated, astute and well grounded trader. Mark Douglas, a trader, personal trading coach, and industry consultant since 1982, sends the message that "thinking strategy" will profoundly influence a trader’s success rate. Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market.

Trading In The Zone offers specific solutions to the “people factor” of commodity price movement. It uncovers the true culprit for lack of consistency when it comes to stock picking: lack of focus and self-confidence. Through simple exercises, traders will learn how to think in terms of probabilities, and adopt the specific beliefs necessary to developing a winner’s mindset. Along the way, they’ll gain valuable insights into their own entrenched misconceptions about the market.

 

Backed by compelling examples, Trading In The Zone adds a new dimension to getting an edge on the market. Through a better understanding of themselves, as well as of Wall Street’s realities, traders will come to leverage the power of their psyche for unprecedented profitability.

[Gekko78 10]

I have been reading books on the financial markets for over 6 years and I also have a degree in finance and I can say that this book was the BEST book I have ever read to learn about trading. If you can understand and implement what the author is telling you in this book, there is no reason you cannot be successful at trading. Whether you are a day trader or longer term investor this book will help you make money. There are not any "methods" per se or "systems" in this book that is not what it is about. The author is trying to explain to the reader what his/her problem is when it comes to trading.....IT'S YOU!! Your emotions.....I would suggest this be the first book people read before learning anything else about trading.....I wish I had discovered it first it would have helped me save much $$$ back when I first started. I have the audio and print version ........I suggest the audio version as you will retain it better. I listen to this book all the time .....I listen in my car, Ipod at the gym or wherever. GREAT BOOK!:thumbs up: