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Title: Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude
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Manufacturer: Prentice Hall Press
List Price: $50.00
Our Price: $26.99
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| Customer Reviews: |
| Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Prentice Hall Press extremely disappointed | I have never written a book review till today but was so disappointed by this writing and weak trading advice that I felt compelled to share my opinion with the world. Like many others I purchased this book based on the glowing reviews of other readers. Frankly, after grinding through this tome and it is a grind I could not determine what all the hoopla was about. Mr Douglas' message is simple:
1. Don't delude yourself into trying to see things in the market that aren't really there and
2. Anything can happen in the market so beware.
Why not just say that? My apologies to Mr. Douglas but he is a difficult read and says in thousands of words what could be said in much fewer and with more clarity. Do yourself a favor and actually try to read through this book in a bookstore. If you can get through it and it resonates with you then buy it. Otherwise save yourself the considerable cost of this book and find something else. There are probably many other better choices out there on the subject. | | Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Prentice Hall Press Belongs on Every Traders "Must Read" list | Along with Douglas' first book "The Disciplined Trader" this is one of only five books that all traders must read and use to be capable of being sucessful. It does not deal with specific trading methods except as working examples to demonstrate how our psychology works for or against us. After reading this you will have the tools to train yourself to become one of the very few who are successful long term and to know why: it's not about the trading technique, but about your ability to adopt and maintain the necessary state of mind to both make and keep money.
The other books I strongly recommend are Curtis Faith's "The Way of the Turtle" and Nassim Taleb's "The Black Swan" and "Fooled by Randomness" which will give you second thoughts about trading at all. It is possible to make a lot of money in the markets. It is much more difficult to keep it and very very few actually do.
Before you decide to trade, read the "Rich Dad / Poor Dad series by Robert Kiyosaki and understand why he recommends building a business as the best investment. You cannot get rich quick trading the markets. But you can get poor quick - as most do. And it can take years to recover.
If you are going to trade, do it as though you are going into a War zone (you are) and prepare yourself to operate under fire by practicing hard and with unbiased feedback from a coach beforehand. Douglas is one of the best trading coaches you will find - honest, direct, knowledgeable : a great teacher who has been through the war himself.
| | Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Prentice Hall Press Wish I would have written this book myself! | As a clinical psychologist just entering the trading arena, I am profoundly grateful to have found Mr. Douglas' books. Thinking I already "knew" what I needed in terms of investing, after a number of large losses, I read and re-read his books, and found myself on many of the pages. I came to realize that not only did I NOT know what I was doing, but rather, had convinced myself that I KNEW where the market was going ~ based on erroneous theories and conversations with fellow associates and peers.
If you are serious about being successful as a trader, I suggest you get rid of any and all notions you currently believe about the markets ~ and study Mr. Douglas' books intensely. Do the work, and you will succeed. I am now on an upward track, and have only Mr. Douglas to thank for that. And, as a Ph.D., that was hard to admit ~ but I'm glad I did, and I'm glad I did the work. You will be too. | | Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Prentice Hall Press Poorly written. Really poorly written. | I'm just going to quote Sannah Zay's review. He mysteriously gave the book 4 stars but I must give it 1. His description is exactly how I feel and expressed better than I ever could. But I had to give this book a bad review simply because it is so terribly unreadable. I don't understand all the praise. I hope Mr. Zay doesn't mind the extensive quoting:
"By Sannah Zay "suncat23" (San Jose, CA USA)
This book has been recommended by everyone that I respect as a successful trader. However, I believe the recommendations have far more to do with the essence of Douglas' points, than the manner in which he lays them out in prose. The book is highly repetitive and contains almost silly explanations of psychological processes, most of which are totally unnecessary.
...[T]o get the most efficient use out of this book, try to skip quickly over the psychological portions of the book, unless you need to be thoroughly convinced of how your own thought processes work to change your thinking, and have the need to change your thinking after reading it. " | | Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Prentice Hall Press If you're a trader, and you're not consistently profitable, read it. | | Best book on trading I have read (and I've read quite a few). Douglas' "Fundamental Truths" and beliefs behind consistent winners are bang on. | | Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Prentice Hall Press Book Description | | Maximizing 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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