Trading in the Zone

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

Interesting book

Very interesting and clever book. I learned a lot of useful things for myself. I recommend to read it.

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 !

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

Great book. Ranked among my top 5.

A must. Don't miss it. The reference in terms of trading.

Absolutely essential reading

Buy it. Read it. Read it again. Cogitate over it. Memorise it. Apply it.

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

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.

The book you need as a private investor or retail trader!

A beginner trader will be eagerly looking for that book or website that reveals the secrets of the stock market or that money-making strategy that will make them rich beyond their wildest dreams. What they don't realise is that until you have mastered and can really understand yourself, you will find it very, very difficult to do well on your own and not wipe out several accounts in the blink of an eye.

Strangely, Trading In The Zone is the book that you don't want but, ironically, it is the book you that you need! There are no money-making strategies, no secrets about what data releases will result in massive movements to make you ultra profitable, no tips about which markets lead others. It is about understanding yourself so that you take responsibility for every trade and behave in a rational manner when dealing with an often irrational market.

If you only ever read one book, then this must be the title to read.

Excellent

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.

This is the best trading book you could ever apply to trading, and to life!

This will change the way to see the world, and yourself!

The nature of reality

How many times have you gotten to the end of the day and realized that many of your trades were against the prevailing action? (You consistently entered long on a down day or vice versa...) This is the first book I've read that discusses how we perceive price reality, -about why it is nearly impossible to see that the price is going against you if you've got your heart set on the idea that the market is 'just about to turn' - and how trying to predict what will happen next regarding the position you have just entered is bound to cause you heartache, humiliation, and a smaller bank account.

There are no charts in this book, no indicators, no discussion of setups, edges, or lowest risk entries. This is a book about becoming the house, the casino, about playing the probabilities, about letting go of the need to be 'right' in any given moment. It's about learning to think about market action in a way that can bring consistent results and learning how to trust yourself.

If you've spent some screen time, and studied fundamental and/or technical analysis, and still can't get above break even, this book might be the one that get's you over the hump.

I think the writing could be tighter, smoother, and less repetitive, but I still rate the book 5 stars overall. It's worth twice the price, and my only wish is that I had bought it earlier. This is one of the few books that has already found its way into my 'keeper' shelf.
JO