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

Priceless for me

This book was a priceless read for me, addressing the many psychological issues i was having towards my own trading, losses, and winning. The author gives you the reality about whats happening inside your head, and ALL traders should learn these lessons. very good book and I think it would be wise for all traders to read this book before they take a real money trade.

Trust Score

2.1

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The missing piece

For me, this book was the missing piece to understanding why I succeeded on certain trades and failed on others, from an emotional and attitude viewpoint.

I had learned why things had worked or failed from a technical point of view, but learning to understand how my thinking and attitude led me to those decisions was what brought it all together.

I consider this a necessary reference material. I also recommend the audiobook to help absorb and review the material.

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5.3

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Overall

Trust Score

2.1

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Trust Score

2.2

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Best Book Out There For Traders

After blowing a few accounts out I picked up this book and it helped a lot with our trading. All of us in our group read and applied some of the principles in the book. A very good read for traders.

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1.5

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Trust Score

2.0

User’s Review Ratings

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Great Book

This review reminds to read this book once again since its been a few years. This book is all about the psychology that is required to become a successful trader, many people focus a lot on indicators, charting setup etc, etc but the most important aspect of trading is the stable frame of mind.

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4.8

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Awesome Book

DEFINATELY A MUST READ FOR THE NOVICE TRADER.GOES INTO GREAT DETAILS ON THE MIND SET U NEED TO BECOME A GREAT TRADER.MANY PEOPLE DONT UNDERSTAND THAT SOME TRADERS ARE NOT MEANT TO TRADE BECAUSE OF THEIR PERSONALITIES.THEY ALREADY HAVE A CHALLENGE IN FRONT OF THEM BEFORE THEY EVEN START.THIS BOOK SHOWS U HOW TO IDENTIFY AND CONTROL THOSE EMOTIONS WICH WILL BLOW UP A TRADERS ACCOUNT IN A HEARTBEAT.

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7.2

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learn to be a better steward of discipline

I bought this book based on some of the reviews here, and they were right when they said it was a tough read at times, though this book would probably be one of the most important books on my shelf for a trader. I have been trading for over 7 years now, and I made every mistake Mark Douglas touches upon, But like he said trading is "10% intellectual and 90% psychological".

I think most traders need to be better stewards of discipline, and this book really hits alot of great lessons home. My favorite chapters were chapter 3 "Taking Responsibility" and chapter 7 "Thinking in probabilities", they spoke to me the loudest. My least favorite (tough read parts) were from chapter 8 " working with your beliefs" and chapter 9 "the nature of beliefs".

All in All a must for any trader to read. I now have his five fundamental truths and seven principles of consistency written down in front of me at all times.

Trust Score

1.0

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Insightful

Mark Douglas compares a great trader to a world-class athlete: Both have honed skills, reflexes, instinct and will to a fine edge. Both have reached a condition where a winning performance is an automatic, utterly unconscious, process - They are operating in the zone. To reach the zone, traders must impose mental self-discipline. By adhering to a consistent and strict trading system, maintained by a consistent and strict mentality, Douglas contends that people can learn how to make money trading. We from getAbstract recommend this book for its underlying message that great traders are made, not born.

Trust Score

6.3

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Overall