Trading in the Zone

Trading in the Zone

Overview Reviews (18)
ISBN
0735201447
Author
Mark Douglas
Format
Hb
Edition
1st
Published
Jan 1, 2001
Publisher
NYIF
In Trading in the Zone, Douglas uncovers the underlying reasons for lack of consistently profitable trades and helps traders overcome the deep-rooted mental habits that cost money. Douglas 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 guided by and be comfortable with the 'uncertainty principle' that governs all stock speculation.

Trading in the Zone introduces a whole new mental dimension to getting an edge on the market. Use it to leverage the power of the 'zone' for unprecedented profit.
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4.44 star(s) 18 ratings

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Latest reviews

C
This book is definitely great but do not read if you don’t have a trading edge. It is strictly for those who already have trading edge
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C
It's OK. The point of this post is to point out, in case you didn't know, that there are downloadable pdfs of this book on the web.
EG
https://backtothefuturetrading.com/docs/Trading%20in%20the%20Zone%20complete%20and%20formatted%20-%20Mark_Douglas.pdf
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noads
Very bad book and confusing. Controlling your emotions will not give you freedom to Trade In The Zone. You don't have to be in the zone to have good trades, and while being in the zone (my experience), you can have bad trades constantly. If you see so many good reviews like "must read" comments, it's probably not for those who are 1% and trade successfully. Good knowledge is not catchphrases based like in this book "Trade In The Zone".
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A
Interesting book

Very interesting and clever book. I learned a lot of useful things for myself. I recommend to read it.
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C
Great read - New and Old Traders

One of two essential reads when either entering the world of trading or as an old hand. In my view traders spend 90% of their time crafting their strategy and next to nothing on the psychology side . Without a steady mindset even the best strategy is certain to fail. The other great read is Reminiscences of a Stock Operator. Great story , ultimately could have done with reading Trading in the Zone I think !
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H
A masterpiece

THE COMMENT : Trading is about your ability to deal with your own emotions and keep them under control, this is a great book to help you understand and prepare to do exactly that. Hiranjgarbh K K Missier
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G
Great book. Ranked among my top 5.

A must. Don't miss it. The reference in terms of trading.
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J
Absolutely essential reading

Buy it. Read it. Read it again. Cogitate over it. Memorise it. Apply it.
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S
Picks up where other books leaves off

If you are like most people, after your first few losing trades you set about to learn better market analysis. After your next string of losers you learned about risk management. But there's still one more challenge to conquer; yourself.
That is the major premise of this book. If it sounds like wishy-washy psycho-babble to you, I'll only say that I would have agreed -- four months ago, before I quit my 20-year technology career, obtained a Series/7 license and joined a professional day-trading firm. I now believe most people would lose money if you gave them 50/50 odds on whether or not it was going to rain tomorrow.
In other words, successfully forecasting the market is not enough. Why not? Well, this book explains why not. It has to do with one's sense of self-worth, one's moral judgment of money, one's work-ethic, one's tendency to focus on good news while ignoring bad, and other things.
"Zone" was recommended to a friend of mine by a professional floor trader who told him, "I wish I had read it before starting two years ago. Don't place another trade until you do." Well said. Does this apply to investors as well as traders? Oh, absolutely! If you have ever said to yourself, "I'm not selling that stock while it's down, I'll wait until I have a profit in it," then for the love of money, read this book.
Finally, read "Zone" before Douglas' earlier work. If you still want more then read "Disciplined Trader" for a general review plus a deeper exploration into the author's philosophical and meta-physical theories
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RatioTrader
Must Read For All Traders

This is a book I highly recommend everyone reads. Even though at times it seems redudant some some would say, I still think that reading it briefly once a year really helps you to remember the big picture in trading which is to be disciplined and to only trade when you know what your "edge" is.
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