Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
- Downloads：1877
- Type：Epub+TxT+PDF+Mobi
- Create Date：2021-06-16 08:53:20
- Update Date：2025-09-06
- Status：finish
- Author：Mark Douglas
- ISBN：0735201447
- Environment：PC/Android/iPhone/iPad/Kindle
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Summary
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。
Reviews
Maggie
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A marvelous book！ If you are a human， raised by humans， you need to read this plethora of wisdom。 So much more than a book on how to trade。Way to go Mark！
Etienne
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Good book。 A mix between Trading and Self-Development。 Although， to many examples in the book， could have been twice as short。
ONUR
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This book is totally focusing on Psychological part of Trading。 And trying to make sure that reader is understanding why common mistakes are happening and why we keep doing same stupid mistakes over and over， despite that we know that we should not do those mistakes， yet we keep doing them。 So this book is totally focusing on your inner world， and how you can reduce all those silly mistakes which cost to your consistency and growing curve of your capital。When I was reading this book， I definitel This book is totally focusing on Psychological part of Trading。 And trying to make sure that reader is understanding why common mistakes are happening and why we keep doing same stupid mistakes over and over， despite that we know that we should not do those mistakes， yet we keep doing them。 So this book is totally focusing on your inner world， and how you can reduce all those silly mistakes which cost to your consistency and growing curve of your capital。When I was reading this book， I definitely thought that this book was definitely written and meant for me。 It can be useful for beginners， yet I think that this book should be read after at least 2 years of exposure in the market。 If you read it in the beginning of Journey， then this book is a must read in later stages of your trading life again， which I believe you will find it more meaningful。 。。。more
Rishabh
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YOU ARE BLESSED IF YOU READ THIS ONE TILL THE END AND SURRENDER TO THE WISDOM BEING SHARED。 THE PERFECT TRAINING FOR YOUR TRADING SUCCESS， PERIOD。 THANK YOU SO MUCH MARK DOUGLAS FOR YOUR WORK。
Prem
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I could not finish it。。。 I think it is a very good book for beginners who lack emotional intelligence and discipline but over all i found the book as repetitive and boring。
Diana Paola
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Es algo repetitivo mencionando el dolor emocional 。 Pero vale la pena leerlo
Cesar Tarrillo
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El trading el 80% manejo de emociones
Gale
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Just read chapter 8 and 11 and you're all good。 Just read chapter 8 and 11 and you're all good。 。。。more
Krishna Chaitanya
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As people say trading is all about 70% mastering your psychology 29% having the right technical analysis & 1% luck。 There are lot of other places where you can learn TA but only a few can teach you the right mentality and this is one such book which helps you attain what it takes to survive in the market。 A must read for all the aspiring traders out there。
Yeny
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This is like a bible for every trader out there。 I feel the writer is reading my mind sometimes and understands my struggles。 It has changed my whole psychological perspective about trading。 I’d recommend to read it once you’ve been trading for a while to really identify with it and comprehend the importance of psychology and having the right mindset once you take a trade， to me it’s 80% of the whole process！
Anvar F
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Quite a boring book， but very useful at the same time。 Useful， because he speaks about right things that can really help newbie and experienced trading。 Boring because he speaks about it so long and repeats the same thoughts all the time but with different words。 Finally， in the last chapter I've got some info which I would like to save as a quote and get back to it lager， cause I think it could be really reasonable to incorporate it into the daily routine。 Quite a boring book， but very useful at the same time。 Useful， because he speaks about right things that can really help newbie and experienced trading。 Boring because he speaks about it so long and repeats the same thoughts all the time but with different words。 Finally， in the last chapter I've got some info which I would like to save as a quote and get back to it lager， cause I think it could be really reasonable to incorporate it into the daily routine。 。。。more
Jatin Birajdar
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If I had to summarise this book in one sentence I would say， "Markets are unpredictable"。 If I had to summarise this book in a paragraph I'd say， "Markets are unpredictable。 Markets are unpredictable。 Markets are unpredictable。 Markets are unpredictable。 Markets are unpredictable。 Markets are unpredictable。" The author is sometimes confused who this book is for。 It's sometimes for a very new trader and sometimes it's for an advanced trader。 This is a frustrating read as you constantly thinking i If I had to summarise this book in one sentence I would say， "Markets are unpredictable"。 If I had to summarise this book in a paragraph I'd say， "Markets are unpredictable。 Markets are unpredictable。 Markets are unpredictable。 Markets are unpredictable。 Markets are unpredictable。 Markets are unpredictable。" The author is sometimes confused who this book is for。 It's sometimes for a very new trader and sometimes it's for an advanced trader。 This is a frustrating read as you constantly thinking if you had read this chapter before or is the author just repeating the same thing over and over and over and over and over。 It has no pointers on how to trade better or how to develop the right psychology to trade。 Other than constantly repeating the same thing over and over and over and over and over and over and over and over and over。I get it repetition helps people remember but let people do it for themselves why does the author have to do it for them。 If I had to summarise this book in one sentence I would say， "Markets are unpredictable"。 P。S。 - People don't completely accept the risk while trading they think they do but knowing and accepting is different！ 。。。more
Kamal Preet
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Hard work done by Mr Mark Douglas。 As a trader， with confidence， I can say it's not easy for a trader to writing such a great book。 Hard work done by Mr Mark Douglas。 As a trader， with confidence， I can say it's not easy for a trader to writing such a great book。 。。。more
Margus Tamme
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Life changing insight about the system of beliefs and how are these concepts formed and how to change anything in you little mind that we call the world。
Matt Vanecek
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Good Mental Mindset OverviewA fair bit of practical information and advice on what kind of mentality a trader should have to be consistent at trading。 Plus a well-specified exercise to help hammer home the concepts。
Emil Then
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Excelente libro。 Aunque creo que me adelanté un poco leyéndolo antes de iniciar mi carrera como trader， sé que es un libro que guardaré para refrescar sus conocimientos más adelante， ya que el mismo inspira confianza en sí mismo a la hora de tradear。
Praveen Srinivasan
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It is about psychology， disciplone and how to be a consistent trader。 It is lots of theory。 I felt it a bit dry at times。。。 But at under 150 pages， it is a quick read。 What is mentioned in this book is what it takes to be a successful trader。。。A must read for every aspiring and professional trader。。。 👍
Georgi Valev
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Even if you are not interested in trading - take this book and replace every "trade" with "situation" and "market" with "your life"。 Incredible wisdom shared in such a concise way without endless made up examples。 The author works with 1-2 examples throughout the book， building a thesis of what the right mindset is all about。 Mindset is indeed behind everything。 A book that will be re-read many times。 Even if you are not interested in trading - take this book and replace every "trade" with "situation" and "market" with "your life"。 Incredible wisdom shared in such a concise way without endless made up examples。 The author works with 1-2 examples throughout the book， building a thesis of what the right mindset is all about。 Mindset is indeed behind everything。 A book that will be re-read many times。 。。。more
Hristo
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Main thing that I personally get from this book is: - have rules;- obey them - be disciplined;- always have strategy for - entry， keeping and exit a position;- determine general direction of the trend;
Alix
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Highly recommend all traders read this book。 Not all losses are because you’re wrong or the market disagreed; some are because of poor attitude or flawed psychology。
TrZaLu
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this book is absolutely amazing
Phil Smith
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Trading in the Zone by Mark Douglas。 NF。 The psych。 of stock trading。 No tech analysis。 Mental tricks to trade consistently w/ less emotion。 Gets a little self-help-y in places。 Def nails the fear/greed in your mind as a new trader。 Worth a quick read if you are in the market but probably could have been shorter。
Vinod
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Overall I liked the book as it discussed the mental and emotional side of trading。 I have been trading for years and this book echoes many of my problems and provides a solution to them。 For example， it is hard for me to decide when to sell， and the book confirms that this is one of the hardest things to do for every trader。 Leaving money on the table is very emotional。 The book mainly guides you to understand and practice trading as a probability game。 It encourages you to leave your emotions a Overall I liked the book as it discussed the mental and emotional side of trading。 I have been trading for years and this book echoes many of my problems and provides a solution to them。 For example， it is hard for me to decide when to sell， and the book confirms that this is one of the hardest things to do for every trader。 Leaving money on the table is very emotional。 The book mainly guides you to understand and practice trading as a probability game。 It encourages you to leave your emotions and other logic aside and use consistent indicators to trade consistently。 The concept of accepting risk is by far the most important factor in anyone's trading。Develop an objective mindset for your trading strategy。 The book helps you understand the philosophy and provide examples and guidance to use it in your favor and not against you。 it teaches you to change your beliefs and make them work for you consistently。Here are some of the quotes from the book:（1） I haven't seen much correlation between good trading and intelligence。 （2） One of the many contradictions of trading is that it offers a gift and a curse at the same time。 The gift is that perhaps for the first time in our lives， we're in complete control of everything we do。 The curse is that there are no external rules or boundaries to guide or structure our behavior。（3） Ninety-five percent of the trading errors you are likely to make - causing the money to just evaporate before your eyes - will stem from your attitudes about being wrong， losing money， missing out， and leaving money on the table。 What I call the four primary trading fears。（4） Every trader I've worked with over the last 18 years has had to learn how to train his mind to stay properly focused in the 'now moment opportunity flow。' This is a universal problem and has to do both with the way our minds are wired and our common social upbringing。（5） Why do you think unsuccessful traders are obsessed with market analysis？ They crave the sense of certainty that analysis appears to give them。 Although few would admit it， the truth is that the typical trader wants to be right on every single trade。 He is desperately trying to create certainty where it just doesn't exist。（6） Anything can happen。（7） We need to be flexible in our expectations so we can perceive， with the greatest degree of clarity and objectivity， what the market is communicating to us from its perspective。 The typical trader does just the opposite: He is flexible in his rules and rigid in his expectations。（8） You don't need to know what is going to happen next in order to make money。（9） There is a random distribution between wins and losses for any given set of variables that define an edge。（10） An edge is nothing more than an indication of a higher probability of one thing happening over another。（11） Every moment in the market is unique。Douglas lists the following four primary fears:（1） Fear of being wrong（2） Fear of losing money（3） Fear of missing out（4） Fear of leaving money on the tablemy full review at https://medium。com/finance-goals/trad。。。 。。。more
Worakan Vongsopanagul
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This book is different from other book about trading that i have read before。 Other book may tell you what indicator or stop loss technique that work， but you won’t find any of that from this book。 Despite lack of indicator and technique， this book provide a very great way to understand your mind and fear that i think for ones who trade for years have to confront。 The wise that i get from this book is priceless。 Especially， when i face a large drawdown and confusion like this moment。In summary， This book is different from other book about trading that i have read before。 Other book may tell you what indicator or stop loss technique that work， but you won’t find any of that from this book。 Despite lack of indicator and technique， this book provide a very great way to understand your mind and fear that i think for ones who trade for years have to confront。 The wise that i get from this book is priceless。 Especially， when i face a large drawdown and confusion like this moment。In summary， It’s not about the strategy or trading technique that make a super performance but in that great mind of trader who see the market as a neutral information ， no bias， no fear and not emotional。 。。。more
Sebbastion Liebow
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Very informative and guiding。 Have read twice and now practice practice practice。
Hos
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Bunch of psychology
Adam B
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An excellent book to sharpen your trading skills， makes you unearth the subtle beliefs that may impede consistent trading
Behnam Bashokooh
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Found the idea of looking at trading like a Casio and consider the edge in the bell curve of the wins and losses very very interesting。 Looking at my experience in trading， I find it the key to changing my behavior and using statistics to become more consistent。
Nawaf Hanbazaza
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Recommended for experienced traders The book is amazing but you wil not get the main concept behind it unless you have experienced most of the trading mistakes minotioned in the book。If you are a bignner， scann read the book as fast as you can then start trading for three months and then read the book again。There are a lot of repeatation of the concepts in the book but I think it is a tool or the intition of the author to install theses concepts in your mental system。Strongly recommend for readi Recommended for experienced traders The book is amazing but you wil not get the main concept behind it unless you have experienced most of the trading mistakes minotioned in the book。If you are a bignner， scann read the book as fast as you can then start trading for three months and then read the book again。There are a lot of repeatation of the concepts in the book but I think it is a tool or the intition of the author to install theses concepts in your mental system。Strongly recommend for reading， I REALLY ENJOYED IT 。。。more
Kumaraswamy Kademane
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