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Trading in the Zone - Mark Douglas

Hardcover Published: 5th May 2003
ISBN: 9780735201446
Number Of Pages: 240
For Ages: 18+ years old

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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 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.

Forewordp. xi
Prefacep. xiii
Attitude Surveyp. xvii
The Road to Success: Fundamental, Technical, of Mental Analysis?
In the Beginning: Fundamental Analysisp. 1
The Shift to Technical Analysisp. 3
The Shift to Mental Analysisp. 4
The Lure (and the Dangers) of Trading
The Attractionp. 17
The Dangersp. 20
The Safeguardsp. 25
Problem: The Unwillingness to Greate Rulesp. 27
Problem: Failure to Take Responsibilityp. 28
Problem: Addiction to Random Rewardsp. 30
Problem: External versus Internal Controlp. 31
Taking Responsibility
Shaping Your Mental Environmentp. 34
Reacting to Lossp. 38
Winners, Losers, Boomers, and Bustersp. 50
Consistency: A State of Mind
Thinking About Tradingp. 58
Really Understanding Riskp. 61
Aligning Your Mental Environmentp. 64
The Dynamics of Perception
Debugging Your Mental Softwarep. 70
Perception and Learningp. 74
Perception and Riskp. 79
The Power of Associationp. 80
The Market's Perspective
The "Uncertainty" Principlep. 88
The Market's Most Fundamental Characteristicp. 93
The Trader's Edge: Thinking in Probabilities
Paradox: Random Outcome, Consistent Resultsp. 102
Trading in the Momentp. 106
Managing Expectationsp. 113
Eliminating the Emotional Riskp. 120
Working with Your Beliefs
Defining the Problemp. 125
Defining the Termsp. 128
How the Fundamental Truths Relate to the Skillsp. 130
Moving Toward "the Zone"p. 135
The Nature of Beliefs
The Origins of a Beliefp. 139
Beliefs and Their Impact on Our Livesp. 142
Beliefs vs. the Truthp. 147
The Impact of Beliefs on Trading
The Primary Characteristics of a Beliefp. 153
Self-Evaluation and Tradingp. 167
Thinking Like a Trader
The Mechanical Stagep. 173
The Role of Self-Disciplinep. 179
Creating a Belief in Consistencyp. 184
Exercise: Learning to Trade and Edge like a Casinop. 189
A Final Notep. 201
Attitude Surveyp. 203
Indexp. 209
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780735201446
ISBN-10: 0735201447
Audience: General
For Ages: 18+ years old
Format: Hardcover
Language: English
Number Of Pages: 240
Published: 5th May 2003
Publisher: Pearson Professional Education
Country of Publication: GB
Dimensions (cm): 23.5 x 16.1  x 2.2
Weight (kg): 0.55
Edition Number: 1

Earn 138 Qantas Points
on this Book