Trading in the Zone is an excellent book. Though writing is sometimes repetitive, Mark has done a great job at identifying some of the psychological blocks which hurt traders. He explains you what it really means to accept the risk involved with trading. He explains what it means to take responsibility.
One of the favorite part which I read today was where Mark explained why leaving money on the table is more painful than taking a loss. If you agree with the statement, you ought to buy the book and understand the psychology behind this effect.
I am still not finished reading the book and I plan to read the book by end of coming week. By May 10th, I want to come up with my trading plan, my rules and potential watches for Monday.
Trade well,
RJ
2 responses so far ↓
1 Steven // May 3, 2009 at 11:31 pm
I’m definitely going to get that the next time I am at borders. And speaking of Mark Douglas…
http://www.4shared.com/file/96740657/227e2748/Mark_Douglas_-_Mind_Over_Market.html
Be sure to check out that video of Mark Douglas talking about trading, and psychology, if you haven’t already. That video really helped me figure out my own trading plan, how to stick to it, and to not freak out if a stock goes against me.
2 Yngvai // May 4, 2009 at 12:40 am
Thanks for the review. I may pick this book up some time.
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