I have traded now for nearly 3 years. I have book shelves full of books about trading, from technical analysis to trading tactics. Not until I read this book did I understand what it meant to create a trading plan - or for that matter, what the plan should look like. It was not until I read this book that I understood that simply trying harder, studying more, or researching deeper, would NOT improve my trading. And if fact, for reasons made obvious in this book, these pursuits can actually be detrimental.
However, I really think that an appreciation for this book can not be fully realized until a trader has been knocked around a bit - much like most teenagers can't be "told". After you have read the books on technical analysis (which I believe IS important), and after you have lost enough money, then read this book. You'll be the most out of it that way!
Editorial Reviews
From Publishers Weekly
Douglas, president of the seminar firm Trading Behavior Dynamics, focuses on the psychology of successful traders. Instead of offering specific strategies, he advises readers, "The first step on the road...is to understand and completely accept the psychological realities of trading." It may be too abstract for some, but given trading's risks, this book could assist experienced investors willing to engage in self-reflection. (Jan.)
Copyright 2000 Reed Business Information, Inc.
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.
|
(EBOOK WILL BE TRANSFER VIA LEGITIMATE URL IN LESS THAN 2 MINUTE UPON PAYMENT CONFIRMATION)
eBook:240 pages
Publisher: Prentice Hall Press (January 2, 2001)
Language: English
ISBN-10: 0735201447
ISBN-13: 978-0735201446
|
jalinan's items • View all by jalinan • View related items CD/DVD • Promote your items..
PM
(
