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Trading In The Zone by Mark Douglas

Trading In The Zone by Mark Douglas

This Book explains the difference in the thinking of successful traders versus most other traders. This book sheds an incredible amount of light on the psychological
aspects of trading and helps you master your trading skill.

Book Review by Rasmeet (GHC Prop.)

  • Winning & consistency are states of mind in the same way that happiness, having fun and Satisfaction are states of mind
  • Your state of mind is a by-product of your beliefs and attitudes
  • The belief of consistent winning attitude is a fundamental force
  • Each Trade is simply an edge with a probable outcome and statistically independent of each other trade
  • Stay focused on “now moment opportunity flow”
  • Dominant Belief “I am a consistent successful Trader”, consistency is key Rising Equity Curve with minor drawdowns is way to consistency
  • Making yourself available means trading from the perspective that you have nothing to prove Rigid in our rules and flexible in our expectations
  • Five Fundamentals truths
  • Anything can happen
  • You don’t need to know what is going to happen next in order to make money
  • There is a random distribution between wins & losses for any given set of variables that define an edge
  • An Edge is nothing more than an indication of a higher probability of one thing happening over another
  • Every moment in the market is unique
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