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Summary

Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.

©2018 Paula T. Webb (P)2018 Penguin Audio

What listeners say about Trading in the Zone

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  • Overall
    2 out of 5 stars
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ok

Basically be cold in your emotions, know that anything can happen and have an edge.. oh and watch your kids near dogs.
just saved you several hours.

10 people found this helpful

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A must read for all traders and for all levels.

This is a very, very good book on trading psychology. If you're new to this or a beginner read or listen to this book more than once to benefit from one of the best psychologist out there.

2 people found this helpful

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Must listen!

It is a bible of trading, just go for it.
once you have finished, do it again.

1 person found this helpful

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  • Mr
  • 26-02-21

The missing piece of your trading!

So enlightening and powerful in the subtle difference in thinking that go again our nature but changes your performance in trading that are taught in this book.

The teachings in this book can be applied to much more than trading!!

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Amazing book to develope the winner mind.

Enlightering tips to master the winner psychology of constantly profitable traders. I really enjoyed and definitely will practice all I learned from this book.

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simply a must read/listen to for all traders

brilliant book and a must read for all traders whether you're a beginner, somewhat experienced or advanced. if you aren't prepared to open up and properly examine yourself and accept some harsh truths then the golden lessons contained within will never benefit you. this is not a book you should read for entertainment, it's a book you should study with a pen and notepad at hand. actively making changes to your trading and applying what you learn will show you an incredible difference in your trading results and P/L. it's clear that mark Douglas knows what he's talking about.

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Brilliant insight

Great insight into what trading involves.
Broken down into crumbs, analysed and reconstructed again so you can see the fuller picture as it's constituent parts!
Fully recommended.

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Repetitive drivel

I tried, but could not finish this. Repetitive lessons on how to suck eggs, laced with sudo psychological nonsense. Avoid.

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Great audiobook

Fantastic book, it is incredible how life principles don't apply in the markets and trading mindset can be helpful in life.

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Not recommended

There were one or two useful points, but for the most part the book is very repetitive and actually quite irritating. The “dogs” example just goes on and on and on.
A much better buy on psychology would be “The inner game of tennis”, even though it’s not about trading as such.

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  • Penelope Frey
  • 24-07-18

Most important trading book I own!

I purchased this book several years ago when it was recommended to me. I wish I had read it then. The audible version of the book makes it much easier for me to complete a book cover to cover. This book is outstanding. Deals with the whole mental side of trading and to me that is 90% of trading. Highly recommend it!

16 people found this helpful

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  • Amazon Customer
  • 01-05-19

Disappointed given the stellar reviews I've read.

The author offers some valid knowledge, but it's buried within so much fluff about your emotions and thoughts that it's hard for me to appreciate. I'm only half way through the book and struggling to finish. For a new trader this might be a good read but for anyone who has experienced the markets this is common knowledge. Basically, a trader's goal is to think like the casino. Keep the size of the bets small enough in relation to overall capital to reduce the chance of a ruinous event, find an edge and simply trade it. That's all it takes to be successful. And yet, 95% of traders fail, and they fail because they let their emotions (fear and greed) or other beliefs (the ego's need to be right) get in the way simple as that.

12 people found this helpful

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  • Amazon Customer
  • 07-03-19

Decent book on trading psychology

First 4-5 hours of the book has very good takes on psychology of trading witch is obviously very important. I felt the content on the first half is very valuable.

Towards the end of the book there is bizarre VERY long section to explain effects of bad experience. The book spends an hour or so making a point that could be made in 5-10 minutes. I feels like author ran out of things to say and really stretched the end to add mass to the book.

That aside I feel this is one of the better books on trading and the topic is definitely very important success factor.

9 people found this helpful

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  • Usedguru
  • 11-04-20

Off the charts , practical, get we done advice;

I am a 58 yr old 30 lifetime in the trenches entreprenuer. I read on average 50 books a year . I have had my share of successes and failures throughout the years. This book, for me, is one of the most powerful, practically written , execution plans that I have been searching for my entire working life. . If you struggle to consistently connect the wins in your business life, then this book is your missing link. I learned more practical advice in this 1 book than in the cumulative value of 100"s of others. If you have the strategies mastered,(in any profession), but struggle with your consistency in getting results, than this book is your new bible. .S o much more than a trading book. It is a business mantra providing you guardrails to your success!!

6 people found this helpful

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  • clifford b garvin
  • 02-03-19

Awesome

Awesome account of the mental and holistic aspects of trading psychology and how beliefs affect reality

5 people found this helpful

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  • Ken Russell
  • 20-05-18

This is very helpful in learning to trade.

I found the guidance to be extremely beneficial to me in my development as a trader .

4 people found this helpful

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  • Clifton Vella
  • 02-03-19

Indispensable!

This book should be a requirement for any aspiring or even already established trader! Gone through my first listen and will go through a second one soon as the principles listed in this book are so important!

3 people found this helpful

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  • Mafe
  • 24-02-19

This book helped me to relax a lot!

This is one of those books that can be listened to multiple times and you will get more out of it each time.

3 people found this helpful

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  • Rafa
  • 22-02-19

Great book

Loved the mindset he talks about. Once you change your thinking you change your results.

2 people found this helpful

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  • W. Long
  • 20-02-19

A must read or listen for anyone wanting success in the market.

This is truly a must for anyone that has any desire to successfully trade the markets. It’s mind changing and will positively change how you view trading.

2 people found this helpful