Trading in the Zone

The great bull market in stocks has led to an equally great bull market
in the number of books published on the subject of how to make
money trading the markets. Many ideas abound, some good, some
not, some original, some just a repackaging of earlier works.
Occasionally, though, a writer comes forward with something that
really sets him or her apart from the pack, something special. One
such writer is Mark Douglas.
Mark Douglas, in Trading in the Zone, has written a book that is
the accumulation of years of thought and research—the work of a
lifetime—and for those of us who view trading as a profession, he has
produced a gem.
Trading in the Zone is an in-depth look at the challenges that we
face when we take up the challenge of trading. To the novice, the
only challenge appears to be to find a way to make money. Once the
novice learns that tips, brokers’ advice, and other ways to justify buying
or selling do not work consistently, he discovers that he either
needs to develop a reliable trading strategy or purchase one. After
that, trading should be easy, right? All you have to do is follow the
rules, and the money will fall into your lap.
At this point, if not before, novices discover that trading can
turn into one of the most frustrating experiences they will ever face.
This experience leads to the oft-started statistic that 95 percent of
futures traders lose all of their money within the first year of trading.
Stock traders generally experience the same results, which is why
pundits always point to the fact that most stock traders fail to outperform
a simple buy and hold investment scenario…. …

Download   Trading in the Zone.pdf