Review by Colin Twiggs:

Every trader should read this book. At least twice! Once when they start trading and again when they have sufficient experience to understand the importance of Mark Douglas' message.

The book is devoted to the disciplines and mind-set required to become a successful trader. Most new traders focus on developing a successful trading system encompassing: stock selection, setups, profit protection and exit strategies. Few will succeed until they mature as a trader, no matter how good their trading system or qualifications.

Mark Douglas examines our belief systems and our reactions to winning and losing. Successful behavior patterns in other walks of life may prove totally irrational in a market where "anything can happen at any time". Douglas explains how to develop a traders mind-set; how to think in terms of probabilities; and how to build the self-discipline required to excel as a trader.

One of the most popular books on trading psychology. No trader can afford to miss this.

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Product Description

Maximizing the trader’s state of mind is the key to successful results. Conflicts, contradictions and paradoxes in thinking can spell disaster for even a highly motivated, astute and well grounded trader. Mark Douglas, a trader, personal trading coach, and industry consultant since 1982, sends the message that "thinking strategy" will profoundly influence a trader’s success rate. Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market.

Trading In The Zone offers specific solutions to the “people factor” of commodity price movement. It uncovers the true culprit for lack of consistency when it comes to stock picking: lack of focus and self-confidence. Through simple exercises, traders will learn how to think in terms of probabilities, and adopt the specific beliefs necessary to developing a winner’s mindset. Along the way, they’ll gain valuable insights into their own entrenched misconceptions about the market.

Backed by compelling examples, Trading In The Zone adds a new dimension to getting an edge on the market. Through a better understanding of themselves, as well as of Wall Street’s realities, traders will come to leverage the power of their psyche for unprecedented profitability.

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Product Details

• Amazon Sales Rank: #4292 in Books
• Published on: 2000-04-01
• Released on: 2001-01-02
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 240 pages

From Publishers Weekly
Douglas, president of the seminar firm Trading Behavior Dynamics, focuses on the psychology of successful traders. Instead of offering specific strategies, he advises readers, "The first step on the road...is to understand and completely accept the psychological realities of trading." It may be too abstract for some, but given trading's risks, this book could assist experienced investors willing to engage in self-reflection. (Jan.)
Copyright 2000 Reed Business Information, Inc.

About the Author
Mark Douglas is the author of NYIF's The Disciplined Trader. He is president of Trading Behavior Dynamics, which develops seminars on trading psychology for brokerage houses, clearing firms, and banks, among a wide range of professional organizations. He lives in Scottsdale, Arizona.

Thom Hartle wrote the foreward for Trading in the Zone. He is vice president of Wizard on Wall Street, Inc., publishers of professional level study courses for traders, and editor of eCharts.com, an educational website for traders and investors interested in technical analysis. For nine years, he was the editor of Technical Analysis of Stocks and Commodities.

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Customer Reviews

Great Order Experience
Item arrived on time in better condition then I thought. Would order from this seller any time.

Trading in the Zone
This is the best book on trading I've read so far. I definitely recommend this book to anyone with the goal to become a successful day trader, whether you're a novice or a seasoned trader.

Great book
I've been trading for over a year with mixed success - wildly successful trades followed by crashing defeats and back again. This book helped me to finally understand why - inconsistency in my trading habits - and better yet, what to do about it. I recommend it for anyone, novice or expert, who wants to understand how the mind works and how our thoughts, beliefs and attitudes affect our success in trading and in life.