Trading in the Zone (Hardback)
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Short Description for Trading in the Zone In this guide to mastering the market, Douglas addresses five specific issuesto give traders the insight and understanding about themselves that will makethem consistent winners in the market.
- Published: 01 January 2001
- Format: Hardback 288 pages
- ISBN 13: 9780735201446 ISBN 10: 0735201447
- Sales rank: 8,338
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Full description for Trading in the Zone
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 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.