Rating: 4.5/5 Stars
Rank: 1259

I was pleasantly surprised to find, though, that he has come across some excellent insights that can really make a difference in how you view the markets.

A lot of Douglas' theory I find silly- his pseudo philosophy on how thoughts are energy etc- but the stuff he gets right makes up for that ten times over.

One of the keys to successful trading is recognizing that the market is not a combatant. It is not a bloodstained arena, a boxing ring, a firefight, or even a physical thing.

Douglas book 'trading in the zone' helped me to realize this, and to realize that viewing the markets as a battle or a conflict or a place of adversity was not useful for my everyday psychology.

Douglas also points out a pitfall of many traders- the need not just to make money, but to be right.

After expanding on this seed of thought I have come to the conclusion that many traders who think they are in the markets to make money are actually in it for something else.

He is correct in pointing out how coping methods for everyday life do not apply at all to the markets.

This book also helped me confirm something I have always suspected: trading should be easy.

This is to say, the journey is hard and grueling, but once you get there the sense of conflict and adversity should be gone.

Lance Armstrong worked his fingers to the bone, but when he was leading the pack in the Tour De France I am sure he was experiencing a sense of joy and focus, not conflict or fear.

Michael Jordan or Tiger Woods would sweat and groan and knock themselves out in practice, but then in actual application their performance is conducted in an easy, flowing, dreamlike state.

If you want to reach that state of inner calm when trading this book can help you. If you think this is a silly ideal and want to keep fighting and sweating and screaming at your screen, great- I'm sure I'll be taking money from you at some point.

Customer Reviews

22.	Covered an important area in Trading - that is yourself.
	(Somewhere Singapore) September 12, 2004 - 5.0/5 stars
	Can be more condensed, overall a great book. My favorite takeaway from the book: "Be rigid with your trading rules but flexible in your expectations." Enjoy.
Current Review
23.	critical insights
	(NV) March 5, 2001 - 5.0/5 stars
	When I first saw this book I thought it would be a rehash of Douglas' first book (The Disciplined Trader). I was pleasantly surprised to find, though, that he has come across some excellent insights that can really make... read full review
24.	A Must Read
	(Houston, Texas United States) March 1, 2001 - 5.0/5 stars
	Along with others I acquired the original manusript that continued and expanded on the ideas put forth in The Disciplined Trader. This book, in its finished form provides a great place to continue the real search... read full review

Editorials

	From Publishers Weekly
	Douglas, president of the seminar firm Trading Behavior Dynamics, focuses on the psychology of successful traders. Instead of offering specific strategies, he advises readers, "The first step on the road...is to understand... read full editorial
	Book Description
	Maximizing the trader’s state of mind is the key to successful results. Conflicts, contradictions and paradoxes in thinking can spell disaster for even a highly motivated, astute and well grounded trader. Mark Douglas,... read full editorial
	Book Info
	A key to entering 'the zone,' a state of mind in which the trader has complete confidence, discipline, and an unshaking winning attitude. According to the author, being in 'the zone' is the secret to successful trading in today's market. DLC: Stocks.

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