Summary of Trading in the Zone
Master the Market with Confidence, Discipline and a Winning Attitude
Great traders are made, not born.
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. getAbstract.com recommends this book for its underlying message that great traders are made, not born.
In this summary, you will learn
- The definitions and philosophies of fundamental and technical analysis
- How mindset determines the success or failure of traders
- Attitudes and mental techniques that you can adopt to improve your performance as a trader
About the Author
Mark Douglas, author of Trading in the Zone and The Disciplined Trader, is an active trader and the President of Trading Behavior Dynamics, Inc., a firm that works with brokerage firms, banks and money managers to develop seminars and training programs on the psychology of trading. A frequent speaker for Dow Jones Seminars in Europe and the Far East, Mark lives in Scottsdale, Arizona.
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