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

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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Product Details

• Amazon Sales Rank: #11669 in Books
• Published on: 2000-04-01
• Released on: 2001-01-01
• Original language: English
• Number of items: 1
• Dimensions: .89" h x 6.23" w x 9.26" l, 1.20 pounds
• 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.

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 Network Publishers inc.

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 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.

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.