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Trading in the Zone
Book

Trading in the Zone

Master the Market with Confidence, Discipline and a Winning Attitude

Mark Douglas
FT Prentice Hall, 2001

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Editorial Rating

7

Qualities

  • Applicable
  • Background

Recommendation

Mark Douglas compares a great trader to a world-class athlete: Both have honed their skills, reflexes, instincts and wills to a fine edge. Both have reached the point at  which a winning performance is an automatic, utterly unconscious process – that’s when they are operating in the zone. To reach the zone, Douglas contends, traders must impose mental self-discipline and adhere to a consistently strict system. Would-be investors and tyro traders will value this enlightening text for its underlying message that great traders are made, not born. 

Take-Aways

  • Trading skills can be learned or acquired.
  • That so few traders are consistently successful is due to their mistaken perceptions of what it means to be a trader.
  • The market operates in ways that can appear counterintuitive.

About the Author

Mark Douglas is president of Trading Behavior Dynamics. He has developed programs and coached all levels of traders on how to achieve and sustain a successful trader’s mind-set. He is also the co-author of The Complete Trader and The Little Book of Trading Performance.

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    J. r. 3 years ago
    Abstract is missing Major content from the book, its very disappointing and I have emailed you in detail.
    • Avatar
      3 years ago
      Hello, and thank you for your comment.
      Our abstract writers summarize books into a concise format that is true to the original work and conveys its essential information. In doing so, they often must choose to include some topics over others, and two different writers may very well select different aspects of a book to cover in an abstract. On reviewing this abstract and the book, I have added some of the topics to which you refer in your email. Thank you again for bringing your concern to our attention.
      Sincerely,
      Gabriella Deponte
      Managing Editor,
      Economics, Finance and Politics