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Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas
Book Summary InformationAuthor: Mark Douglas Edition: Hardcover Published: 2000-04-01 ISBN: 0735201447 Number of pages: 240 Publisher: Prentice Hall Press
Book Reviews of Trading in the Zone: Master the Market with Confidence, Discipline and a Winning AttitudeBook Review: Great book... a whole new level of personal insite!!! Summary: 5 StarsThis is a super book.
The focus is on improving yourself as a trader, but the material can be applied to any aspect of yourself that you wish to understand or improve.
The explanation about how the our minds create, maintain and use our beliefs is very clear and simple. The explanation of how are minds function with exiting beliefs is followed by methods for overcoming limiting behaviors and instilling new beliefs.
A quote that I think we have all been told in some form or another has much clearer personal meaning after reading this book.
"When it comes to personal transformation, the most important ingredients are your willingness to change, the clarity of your intent, and the strength of your desire."
If you're willing to work on yourself, this book is a fantastic guide.
Summary of Trading in the Zone: Master the Market with Confidence, Discipline and a Winning AttitudeMaximizing the trader's state of mind is the key to successful results. 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 commodity 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.
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