Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude [Book]
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Format
: Hardcover
Type
: Non-fiction
Genre
: Business / Economics
Authors
: Mark Douglas
Features
: Penguin Publishing Group, hardback
Even the most astute, highly motivated, well-grounded traders can be crippled by counterproductive thinking that leads to poor decisions and trading errors. They have suffer from an inability to stay objectively focused or lack the necessary confidence to execute their trades properly. Or they let deeply ingrained mental contradictions and misconceptions about trading or the nature of the market rule their stock-picking. The result? An extremely high percentage of traders lose all or most of their money within the first year of trading. Mark Douglas, president of Trading Behavior Dynamics and a widely respected trading coach to some of the biggest names and firms on the Street, has devoted the last twenty years to helping traders develop the confidence, discipline, and winning attitude that it takes to master the market. For Douglas, maximizing the trader's state of mind is the key to successful results. Not exhaustive market analysis or the latest fad "system." He teaches traders to think in terms of probabilities and to adopt the core beliefs necessary to assuming a "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.
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