Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude | 
 enlarge | Author: Mark Douglas
Publisher: Prentice Hall Press
Category: Book
List Price: $50.00
Buy New: $26.88
You Save: $23.12 (46%)
New (37) Used (15) from $26.51
Rating:  161 reviews
Sales Rank: 2477
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: April 1, 2000
Availability: Usually ships in 1-2 business days
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Product Description
Picking up where "The Disciplined Trader" left off, this book bridges the gap between thinking the market is actually doing something and actually making the trade. It is designed to give readers the insight and understanding they need about themselves and the nature of trading that will earn them constant success.
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| Customer Reviews: Read 156 more reviews...
 Trading in the Zone October 30, 2008
A. Bostick (Yoakum, TX)
1 out of 1 found this review helpful
This is the best book on trading I've read so far. I definitely recommend this book to anyone with the goal to become a successful day trader, whether you're a novice or a seasoned trader.
Great book October 6, 2008
T. Frank (Asheville)
I've been trading for over a year with mixed success - wildly successful trades followed by crashing defeats and back again. This book helped me to finally understand why - inconsistency in my trading habits - and better yet, what to do about it. I recommend it for anyone, novice or expert, who wants to understand how the mind works and how our thoughts, beliefs and attitudes affect our success in trading and in life.
Trading in the Zone September 27, 2008
Gary Finley
1 out of 1 found this review helpful
A few times I thought about buying this book, but after reading the negative reviews I said I wouldn't buy it. I actually read alot of the reviews and wavered back and forth. Well I'm happy to say I bought and now have read this book and could not put it down. I have to say this book puts the whole trading process in a nutshell. I've taken expensive courses that still didn't help my trading ability. This book has successfully told me why and I now know what needs to be done. I recommend this book whole heartedly to any one who has traded and lost much money as it will and does explain why and what one needs to do to to change the whole losing process.
Well worth it September 25, 2008
Jeff Mullins
1 out of 1 found this review helpful
By the very fact that you are looking into this book you likely already know the critical elements to successful trading include (among others):
1. Defining and edge - technical / fundamental analysis - the fun stuff
2. Money management - define the amount you will spend to determine if your edge is working and if not cut your losses early
3. Record keeping - not just to help with taxes and to verify the broker's records, but to act as a journal to learn from your successes and failures to constantly improve your edge and state of mind
4. State of mind - what is so fully presented in Trading in the Zone
And of those elements listed above, it is easy to recognize that your state of mind is the one that is most often overlooked.
What I loved about this book is that it stayed true to its intent and did not stray off the subject. What I didn't like is that because of the depth that he goes into, I sometime found myself wondering if this is a book for traders or for psych students. But overall what I got from this book far outweighs any negative and I highly recommend it.
 Hang in there for the later chapters September 25, 2008
T. LOTON (www.lotontech.com)
2 out of 3 found this review helpful
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)
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