Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude

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I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them. The field of Trading Psychology was initially thought of, and co-created by Mark Douglas and Paula T. Webb collaboratively and introduced to the trading community by them in the mid-1980s. Mark Douglas and Paula T. Webb's first book "The Disciplined Trader™" published in 1990 is an industry classic, and along with "Trading in the Zone™" published in 2000, their books are the FIRST books to introduce the investment industry to the concept of trading psychology years before anyone heard of that concept, much less providing coaching in this now popular way of approaching trading. They are Wall Street moguls and considered the "Gurus" of trading psychology.

How do you know that you are in the zone? You know you are there when you are totally focused. Time stands still. You hit the ball effortlessly with no resistance. It's like taking an exam. When you know the answers, they jump out of the questions.So the moment you join a group and encounter a similar scenario wherein someone in authority hypes a particular market with a “guarantee” mindset and removes opinions against it…

Considering how highly and oft mentioned this book is, I was rather unimpressed. The authors main points are fine and good. But boy does he ramble and bullshit. There is so much bad science and pop psychology in this book. And many times he says things like, "I wont go into depth about this," but then he rambles about that or another subject. The degree by which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader. 7 beliefs to form consistency:

Full Book Name: Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude Don't even stat to think about being a day trader before reading this book. I have read many books regarding TA that have been quite handy, but as Mark points out TA is your edge to improve your probability. The most important aspect is trading without any emotions, once this is achieved the results will come. We have to be careful about what we project out into the future because nothing else has the potential to create more unhappiness and emotional misery than an unfulfilled expectation.”