“Trading in the Zone” by Mark Douglas
Almost twenty years of coaching experience is packed into Mark Douglas’s best work — Trading in the Zone. Douglas helps traders master the market with confidence, discipline, and a winning attitude.
My big takeaway from this book?
Studying the market’s behavior is pointless if the trader isn’t studying his or her own attitudes and mindsets about trading.
There are five “fundamental truths” about the market at the core of the “right” trading mind-set:
Accepting these five truths reduces fear and euphoria while trading. When a trader can reduce the impact of their emotions in trading and learn to operate “in the zone”, it leads to consistent profitability.