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Trading in the Zone | 
 enlarge | Author: Mark Douglas
Publisher: Nyif
Category: Book
List Price: £49.99
Buy New: £20.99
You Save: £29.00 (58%)
New (18) Used (4) from £20.99
Rating:  13 reviews
Sales Rank: 16452
Media: Hardcover
Pages: 240
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9.1 x 6.3 x 1.1
ISBN: 0735201447
Dewey Decimal Number: 332.64
EAN: 9780735201446
ASIN: 0735201447
Publication Date: July 1, 2000
Availability: Usually dispatched within 1-2 business days
Condition: Brand new! Ships to anywhere in the United Kingdom! Orders only take 7-10 days! We specialize in service to the U.K. and only ship airmail.
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| Customer Reviews: Read 8 more reviews...
Hang in there for the later chapters September 25, 2008
LOTONtech (www.lotontech.com)
I found the first half of this book rather disappointing in the same way as I found The Disciplined Trader: Developing Winning Attitudes disappointing. Too many babbling chapters that boil down to a simple point like "don't fight the market". Too much dodgy pseudo-science about negatively- and positively-charged energy, and too much reliance on non-trading analogies.
The book really redeemed itself in the later chapters with its points about thinking purely in terms of probabilities, expecting the unexpected (see also The Black Swan: The Impact of the Highly Improbable), and accepting that you are fallible (see Soros).
This book will not give you a concrete strategy for beating the markets, except possibly this one: Approach trading like you were operating a casino. Bias the dice slightly in your favour (through fundamental analysis, pattern-spotting, or whatever) and if you roll (trade) enough times then you will generate consistent profits. Accept that in the meantime any one trade can go against you. Relax, and don't fight the market!
Tony Loton, author --
Financial Trading Patterns
DON'T LOSE MONEY! (in the Stock Markets)
 Good if you have never read anything to do with psychology or trading psychology September 12, 2008
Business Bookworm (Kent, UK)
This book content is a bit overpadded in my honest opinion. I struggled to read some chapters (and I am an avid reader) as little issues were just sooooo drawn out. This book could have been half the thickness if it just got to the point (although it isn't that thick anyway). If you have read books on general psychology and personal development, I don't think you will find anything new in this book other than putting psychology in the trading concept in a very verbose way. I only found one chapter of any significant use. I am neither better or worse off for having read this book but man, was it a difficult to read... I don't think I have fallen asleep or gotten so easily distracted so many times when reading a book. A better alternative in my opinion would be to invest in personal development and psychology book(s), you will get to know yourself, your environment better in a way that can be applied to anything from trading to pushing paper in an office.
I am an active trader managing my own funds successfully. I have seen sooo many recommendations for this book as a must read but for me, it was a disappointment and very tedious. Only reason it didn't get 1 star is there are some good points in the book - if you can find them amongst all the fluff.
 Addressing the trading challenges inside yourself November 28, 2007
Donald
4 out of 4 found this review helpful
I bought this book on a recommendation from a colleague and am really glad I did. It really kept my interest right up to the last page because it is concisely written and doesn't get too bogged down in digressions that allow one's attention to wander.
'Trading in the Zone' is an excellent book for those involved in trading. It's very focused on the psychological issues of trading, and should be useful both for those experienced in trading, as well as for those interested in taking up trading and who want to know which personality traits it actually takes to be an excellent trader. The simple idea that many books promote - that just about everybody can take up trading with minimum training or practice - is actually true, but what they tend to leave out is the fact that there's a big difference between a trader who just dabbles at things and one who really makes it work! Reading this book at the beginning of a trading career will be very useful as it will make you aware of where the risks are. Not only the risks the market creates, but those that are part of your own character! If one is going to face *unexpected* problems as a trader, the last place they should come from is oneself ...
Without taking anything away from the value of the book as a whole, I found the concept of 'making yourself available' to the market, introduced in Chapter 6, and the concept of 'trading in the moment', from Chapter 7, particularly helpful. The author also manages to not only explain those concepts but gives you a real idea how to use them in practice. This is a real strength, since may How-to' books seem to have difficulty going from the abstract to the practical.
This book is repetitive at times, but in a way that's a good thing because it makes some of the issues sink in really well. It's also a good book to come back to when things aren't going so well, because it reinforces the idea that a lot of the that 'problems' traders are facing are psychological.
I've recommended this book to several people already, and have no hesitation in recommending it here. If you are thinking of taking up trading then you'll certainly want to read several books on the subject, but I think this should definitely be one of them!
Mindtastic September 11, 2005
24 out of 24 found this review helpful
An excellent book regarding trading psychology. You'll get the most from this book if you already have a trading system or method in which you have some confidence but don't seem to be able to execute the trades as effectively as you would like. This book taps into your belief systems, which in turn determine your actions, in a very coherent manner. It is no exaggeration to say that if your trading methodology has a genuine edge, this book could transform you into the owner of you very own casino if you allow it to. The knowledge the author offers is also applicable to other areas of life including quitting smoking - its all about positively energising the concept that you're a non smoker and de-energising the concept that you are a smoker. Before you turn off condemning that comment as psycho-babble, you should remember, as the author explains, to keep your mind open to receiving information from an objective perspective rather than filtering information according to what you already believe to be true ; ). To attain the best possible impact on your trading mindset read with an open mind, make notes, re-read, and re-read again as the knowledge the book contains has to sink deep into your personality and character to have the most beneficial effect on your actions in the real life trading arena. An exceptionally fine book on the most important aspect of trading in which the author selflessly shares his soul in addition to his knowledge. Top marks to Mark Douglas!
trading in the zone March 4, 2005
11 out of 12 found this review helpful
Trading can be the most enjoyable of careers,whilst simultaneously being the most painful & frustrating. You know the highs and lows.
Having read this book, my trading has altered and benefitted. You will see trading in a different light, thus becoming a great deal more objective and hopefully more consistent.
Manytimes i've become angry, paranoid and disillusioned, am i cured? More self mastery/discipline is needed. But this book is a definite step in the right direction.
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