If you already have the book, you really just need to read Chapter 11. Trading successfully is a paradox. A good book to read if you are trying to develop you mindset, and remove emotion from your trading. Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. No other book on psychology comes close to this. Another interesting component of this book is that the author tackles some of the myths of the major financial markets, and exposes them by teaching the truth behind each. Almost halfway into it, when a section about mental framework turned into an explanation about how thoughts and dreams are a form of energy, I noticed I was about to vomit.
Throw in some pop psychology that isn't even given the correct terminology discusses projection and self fulfilling prophecy in many repeated and drawn out examples without actually using Have you ever written an essay and stretched every sentence as much as possible? If you're playing in the stock market, this book is worth a read. No amount of understanding of charts will teach you the psychology to be a successful trader, but this book does. Author often like to repeat himself and expand on already easily understood concepts read: filler. Conflicts, contradictions and paradoxes in thinking can spell disaster for even a highly motivated, astute and well grounded trader. If we can our understand traits, strengths and weaknesses, then we can personalise a system which will improve returns. Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude by Mark Douglas In this book, the author has sought to explain some of the reasons that lead a lack of consistency throughout the process. I will not say that it had such a fundamental impact to me but I cannot deny the book did helped me figure out certain things in trading.
The author offers a study guide which includes quizzes to help you understand and digest the information. It is one of the better trading related books that I have read. It seems pretty easy to explain and to understand. I pay myself as the market makes money available to me. It is not about knowing what will happen, but working on the fact that we do not know what will happen.
If you have been trading for some time, it probably won´t be as revealing as if you are new to the discipline. If you already have the book, you really just need to read Chapter 11. There is so much bad science and pop psychology in this book. I completely accept the risk or I am willing to let go of the trade. It should be required reading for any novice investor. I put together a brief review of some of my favorite trading books that have helped me out over the years, especially when I was first starting out as a newbie trader. This book gives you the confidence to navigate the nuances of the trading world.
Still can't believe that Mark Douglas died in 2015. A Beginner's Guide to Day Trading Online by Toni Turner Buy it on Amazon will teach you how to make money day trading. And that makes all the difference. If you have been trading for some time, it probably wont be as revealing as if you are new to the discipline. That's all it takes to be successful. Rare book about the stock market that talks about the psychology of trading.
If you trade, and cannot make yourself consistently successful, then the chances are that you harbor some beliefs that work against your success as a trader. This happens when you have crossed the normal threshold of normal confidence into super confidence. However, when you start trading real account usually there is a profit gap between what your methodology allows to get from the market and what you are actually getting. How did people money in the markets during this time? Must read for anyone who is in trading. We start to narrow our focus on the pain that we try to avoid! Top practical trading book read-to-date. Almost halfway into it, when a section about mental framework turned into an explanation about how thoughts and dreams are a form of energy, I noticed I was about to vomit.
This book is a must for any trader that would like to achieve consistency in his results. This was my the second time I was going through this book and still found a lot of value in it. And that is why most traders fail in this business. The bottom line is that there is nearly too much hot air in this book to make it worth it. This is a timeless classic that has sold more than 200,000 copies.
Full of psychobabble and generalized observations. In Toni Turner shares her day trading experiences and offers straightforward guidance and direction. When we shift our thinking in this regard, and then devise objective rules in an effective trading or investing system, then we can be more objective and consistent. The book itself is well written and easy to understand. Emotions are another huge aspect of trading. Along the way, they'll gain valuable insights into their own entrenched misconceptions about the market. Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money.
Douglas articulates the common dangers of trading, such as failing to take responsibility, and then gives us principles and tools to overcome them. Trading is much more than just knowing how to place a trade. Get it on Amazon Paperback edition: Kindle edition: Audiobook edition: 2. Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude by Mark Douglas In this book, the author has sought to explain some of the reasons that lead a lack of consistency throughout the process. Kiev draws on the success of other trading professionals, many of whom survived the 2008 downturn. 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. When I read this book, it changed my perspective and mindset as to how I should deal with market trading.