Book Review - Trading in the Zone

As a full time options trader, I can say that Trading in the Zone by Mark Douglas is by far one of the most helpful books I've ever read. If you're brand new to options trading....that's great. The material in this book can save you a bunch of money and mental anguish. Or maybe you are experienced and have seen huge success in your life, and are considering getting into trading to expand yourself. Either way, by reading this book, you'll realize that long term consistent success in trading, is entirely a mental game and has nothing to do with any prior success you may have tasted before getting in to options trading.There is nothing in the world like options trading. You'll find out why when you read the book. As Douglas indicates from the outset of the book, one of his primary purposes is to, "Convince the trader that it is his attitude and 'state of mind' that determine his [or her] results." That is exactly what Trading in the Zone is all about. Think of it as a guide to h
elp you as a trader develop a sharp mental focus to properly interpret Market information... so you can take action in order to bring in a profit. Douglas tackles a few key topics like:
How to react to losses in a way is productive.... instead of beating yourself up about it.
Understanding risk and realizing that how to accept risk "without emotional discomfort or fear."
He shows how the real edge to any traders skill set is to think in terms of probabilities.
The impact of what we believe about ourselves has on our trading (whether recognized or subconscious).I can't recommend this book highly enough. If you are serious about learning how to make yourself a better trader, get a copy of Trading in the Zone by Mark Douglas. It really opened my eyes and I know it will help you also.

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