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12 of 13 people found the following review helpful
5.0 out of 5 stars
This Book Humbled Me, Aug 20 2002
This review is from: Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude (Hardcover)
I have to say something VERY strong about this book. It made me STOP trading. I realized about a quarter of the way through this book that I was NOT on my game and that I was open fodder for the real Pro's that have the skills and abilities that he speaks of. I am a professional trader and I even help run a very successful trading firm, but I've been trading by feel and emotion for too long now and have lost about 200,000 the past 3 years in the market and I just couldn't take it anymore. By reading this book, by stopping trading and re grouping, I know my trading will be much better and that every trader that trades my money or my firms money, will be required to not only read this book, but to recant the most important parts. Dont just buy this book, learn it and trade by its valuable tenets. Mike Levin
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7 of 8 people found the following review helpful
5.0 out of 5 stars
Emotions Kill In Trading, July 6 2004
This review is from: Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude (Hardcover)
I thought this was a well written book by Douglas. He constantly hammers the point of getting your emotions in check before trading. He says this in every single chapter in one form or another. Learn through repetition. Wished I had read this book first many, many years ago before I lost bucoo $$$$, but now I've learned the hard way. The book is also easy to read and hits home on many things regarding one's emotions. They do NOT belong in trading (unless you want to lose money). Found that greed and fear were my 2 biggest enemies. I don't have specific examples to give you of what he talks about since I read the book awhile back, but this book is definitely worth reading again and again, just to remind yourself the market plays no favorites and doesn't care who you are. Learning to get your emotions under control as a stock trader or investor is of greatest importance, if you want to make money.
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3 of 4 people found the following review helpful
5.0 out of 5 stars
Trading in the Zone, Feb 13 2003
This review is from: Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude (Hardcover)
I highly recommend this book to experienced traders. Traders who have already realized that trading is essentially a psychological endeavor but have not yet mastered their inner demons. I can honestly say that this book can help in this vital area. Mr.Douglas is obviously very experienced and as I read the book I found my counter-productive mental states described perfectly. (I'm sure most traders will see themselves as well). Surprisingly, by following the advice in the book it wasn't that hard to change them. Trading for me now is a whole new experience. Very much easier. If read with an open mind I would say that this book can help anyone improve their bottom line.
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