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

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

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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.

Review:

Douglas explains to the trader just what type of mental mindset is needed to be a winner in the markets ~ and guides the reader along a path of self-discovery leading them to higher and sustained trading results. — Global Publishing House

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. –New York Institute of Finance/Penguin Publishers

Please note that the audio version of Trading in The Zone is not read by Douglas. This version is read by a professional reader, most importantly, someone who is not a trader or in the investment industry. This is a distinction that may make a difference in your listening experience.

(This review applies to the AUDIO version only.) Please notethat the audio version of Trading in The Zone is NOT read by Douglas. This version is read by a professional reader, most importantly, someone who is NOT a trader or in the investmentindustry. This is a distinction that maymake a difference in your listening experience.

From the Inside Flap:

Even the most astute, highly motivated, well-grounded traders can be crippled by counter-productive thinking that leads to poor decisions and trading errors. They suffer from an inability to stay objectively focused or lack the necessary confidence to execute their trades properly. Or they let mental contradictions and misconceptions about trading or the nature of the market rule their trades.

In this book the reader will learn that maximizing the trader’s state of mind is the key to successful results. Douglas teaches traders to think in terms of probabilities and to adopt the core beliefs necessary to assuming the “winner’s mindset.” Traders in the “zone” don’t need to know ~ and don’t care ~ what the market is going to do next. They know what they are going to do next. And that makes all the difference.

From the Back Cover:

“Although I consider Mark a close friend, I still feel privileged to write a review for a book that has made such a substantial contribution to the development and success of traders all over the world. Trading in the Zone is not to be read and placed on the shelf with the rest of the “trading” books. You’ll find like many traders that its place is on your desk as a companion. And it’s not just about trading. Trading in the Zone will also help you approach your daily life in a more positive and insightful manner. I continually recommend to the traders that I mentor to read at least three pages of Trading in the Zone a day. I’ve found it has the effect of transforming a person’s thinking in ways that allow them to trade without the kind of fears that can cause them to make trading errors or generally get in the way of their own success.”

About the author:

Mark Douglas and Paula T. Webb’s first book “The Disciplined Trader™” published in 1990 is an industry classic, and their second book “Trading in the Zone™” was published in 2000, with several more books afterward. Their books are the first books to introduce the investment industry to the concept of trading psychology – the field they co-created in the late 1980s where none existed previously, years before anyone heard of that concept, much less provide coaching in this now popular way of approaching trading. They are Wall Street moguls and considered the “Gurus” of trading psychology.

Another of their popular books “The Key to Power Profits” is now approaching best-selling status as well since revised in 2024. Another of their current books, the “Little Book of Trading Performance” speaks to traders about how coaching works, provides traders with real-life examples of traders they have worked with. Paula is author of several other books all touching on the key elements of “knowing yourself” and learning how to think, to become the most successful trader you can be.

To date, Mark and Paula’s first two books have been translated into 15+ languages including the Chinese, French, Italian, Japanese, Korean, Polish, Portuguese, Czech, Spanish languages to name just a few, with additional foreign language translations in the works forward. “The Key to Power Profits” has recently been translated into the Japanese language, and “Becoming the Disciplined Trader” has been released in the Czech language.