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

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Penguin, Jan 1, 2001 - 240 pages
5 Reviews
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.
 

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

User Review  - Valerie - Goodreads

This is a must read for traders! I am relatively new to trading, and there were so many "nuggets" that I took from the book. This book is likely one that I will read again every year! Definitely recommend it! Read full review

Trading Discipline

User Review  - usma81 - Overstock.com

Great book to have in a Traders arsenal! Every Trader should own this book. Read full review

Contents

FUNDAMENTAL ANALYSIS
THE SHIFT TO TECHNICAL ANALYSIS
THE SHIFT TO MENTAL ANALYSIS
THE ATTRACTION
THE DANGERS
THE SAFEGUARDS
SHAPING YOUR MENTAL ENVIRONMENT
REACTING TO LOSS
DEFINING THE TERMS
HOW THE FUNDAMENTAL TRUTHS RELATE TO THE SKILLS
MOVING TOWARD THE ZONE
THE ORIGINS OF A BELIEF
BELIEFS AND THEIR IMPACT ON OUR LIVES
BELIEFS VS THE TRUTH
THE PRIMARY CHARACTERISTICS OF A BELIEF
SELFVALUATION AND TRADING

WINNERS LOSERS BOOMERS AND BUSTERS
THINKING ABOUT TRADING
REALLYUNDERSTANDING RISK
ALIGNING YOUR MENTAL ENVIRONMENT
DEBUGGING YOUR MENTAL SOFTWARE
PERCEPTION AND LEARNING
PERCEPTION AND RISK
THE POWER OF ASSOCIATION
THE UNCERTAINTY PRINCIPLE
THE MARKETS MOST FUNDAMENTAL CHARACTERISTIC
RANDOM OUTCOME CONSISTENT RESULTS
TRADING IN THE MOMENT
MANAGING EXPECTATIONS
ELIMINATING THE EMOTIONAL RISK
DEFINING THE PROBLEM
THE MECHANICAL STAGE
THE ROLE OF SELFDISCIPLINE
CREATING A BELIEF IN CONSISTENCY
EXERCISE
A FINAL NOTE
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About the author (2001)

Mark Douglas is also author of "The Disciplined Trader™:Developing Winning Attitudes" published in 1990 and considered an industry classic--and one of the first books to introduce the investment industry to the concept of trading psychology. Mark began coaching traders in 1982, and has continued to develop seminar and training programs on trading psychology for the investment industry, as well as individual traders.  He has been a frequent speaker at seminars across the world, as well as in the U.S., teaching traders how to become consistently successful.  He is currently working on his third book, and can be reached through his website markdouglas.com.

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