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

I thought I would take a moment to review one of my all time favorite t investment books, " Trading In The Zone", by Mark Douglas. This is actually the book that helped me start making money consistently in the markets. Before reading this book I was very inconsistent in making profitable trades. If you are like me, you may have some trading behaviors that you are not too proud of and have not served you well such as; getting in too early, getting out too late, being indecisive on if you should get in or stay out. Do you know what it feels like watching a profitable trade go down the drain because you did not exit when you should have? I have traded stocks, futures, forex, and options. The forex and futures markets can move so fast they can make your stomach turn. These markets are not for the faint of heart as they can beat a trader to near death and to the point where you will become afraid of your own shadow! I got my battle scars to prove it. This book definitely helped me get my trading act together to where I finally started making consistent profitable trades! It does not matter if you prefer fundamental or technical analysis, as this book focuses more on you the trader. It gives a great overview on why many traders consistently lose money while good traders consistently make profitable trades. More importantly, Trading In The Zone gives you the knowledge to replace fear with confidence in your trades and ability to make great trading decisions that will move you from the loosing group to the successful group of traders. I never make a trade without being in the zone! This book is worth every penny and makes for one of the best investments I have ever made. In fact, I have more than made my money back plus many thousands over from trading in the zone. Another easy and fun read that definitely took my trading game to the next level.

More about psychology than trading. Despite 7 years experience, I learned something new and reinforced existing knowledge. Somewhat repetitive, but overcome by speed reading (1st sentence per paragraph in certain places) then falling back to slower reading where needed.

Great book! I just started trading and when I tell you, you definitely need to read this before getting into trading. this book is mostly based on your mentality and emotions that are involved when trading. definitely recommend this book.

Following the teachings of this book definitely made me a better, more profitable trader. More importantly, it made me a better human being. Learning to follow a plan and place trades without expectations translates to every interaction in the rest of your life. Learning this way of thinking entails learning what I would describe as a very Zen way of thinking. As you learn and incorporate it into your trading plan it can't not affect the way you think about everything else in your life. Easily one of the top ten most important books I have ever read. Buy it. Read it. Live it. Your trading account, and your life, will be so much better for it. Only If you put in the work, exercise the discipline, to implement these ideas in your life. If you can take the ideas and do the work this book will change your life.

The Author has some really vital information for you to understand, but the manner is which it is presented for you to consume is extremely slow. He takes you through a process of comparing pyschological mistakes to your own trading experiences, trading style, and trading plan and discusses psychologically "why" you do certain things. Many times through the book, I found myself laughing at the psycho-babble he professes. In my humble opinion, many ideas he postulates on are complete rubbish. Some of his logic is ..uuhh.. weak. For instance he goes into this reasoning of how ideas are energy, because they are intangible and some other reasons, and therefore subject to laws of energy as defined by Einstien. Whatever. Again IMHO, this kind of stuff is irrelevant. Unfortunately, why he is postulating in this manner is important and therin lies the value of this book. You do have expectations that you have learned throughout your lifetime and they affect you actions. When you are unaware, these expectations or learnings rise to the surface, often in ways that are harmful to traders. In general, he is trying to teach you to trade without fear but with discipline. These can be conflicting forces, and the Author guides you by telling you where troublesome feelings come from, how to understand them, and finally how to control them. My recommendation: Read the whole book, look past the psycho-babble, and follow the lessons he is teaching. If you have not yet performed his exercise at the end of the book - do it. If you are serious about trading you will benefit by it. Who am i? I have been trading actively for 3 years, most recently off 1 hour charts for trades lasting hours or days. I have progressed to this from trading daily charts. I have built a trading method with a strong positive expectancy. However my returns have been flat since I started trading, 3 years running. This book has immediately given me confidence, as it has reinforced ideas and methods that I have already adopted through my education. My results have been immediate and this book seems to be just the push that I needed to "open up" my trading. I am not afraid of entering a trade, and more importantly I am no longer afraid to exit a trade either.

My expectations weren't that high, but you could say this book is life changing. The insights here even go beyond trading.

Wow.. I recommend this book!

This is my third reading over 20 years. I learned as much the third time as the first and second. Probably a book that needs to be read every year at a minimum.

It's amazing book it's based on trading psychology. it helps me a lot

Um dos melhores livros, senão o melhor, sobre a psicologia no trade. O autor explica de forma didática o porquê o psicológico é o fator mais importante para o sucesso do trader. Não é por acaso que a maioria perde dinheiro nessa atividade, pois, a maior parte dos que fracassam colocam o foco na técnica ao invés de colocá-lo na mente.

This book is essential reading for anyone wanting to trade exchange-traded assets - it deals with the psychology of trading that successful traders have to develop.

If you ever find yourself in a spiral of missing out on trades, losing consintently because of being overly emotional and sitting in front of your computer thinking damn why didnt i take this trade and then you take the next and you lose: Read this book. It provides you with a guide to build the mental framework to help you accept that anything in the market can happen but once you enter the flow off the market which is just a merging of you knowledge with the collective consiousness of the traders, no wrong trade can hurt you anymore and you will find yourself in peace and acceptance so that you can finnaly overcome your fears and be a consistent trader. And yes this book will teach you how.

Anlattıkları bence önemli. Biraz fazla soyut kalsa da piyasada uyulması çok önemli hususlar. Ancak aynı şeyleri bu kadar çok tekrarlamasa çok daha iyi olurdu.