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Publisher's 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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A MUST read for anyone passionate about trading!

A key aspect of this book is to view trading as a game of probabilities and to understand that any set of trading rules must be given enough of a sample size to clearly know if your system gives you an "edge". Too often we try to justify why one trade turned into a loss with the belief that if your system is incredible you should never be wrong. If you knew that your system is right 70% of the time, this means 14 out of 20 trades will be correct. What you need to realize is that you don't know when those 6 losses will occur. You may lose the next 3. Disregard your emotions. Follow your trading system and let the odds of probability work in your favor.

1 person found this helpful

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A great tool I'll refer to often

The best narrator I've heard so far, and the content is a game changer. This is too good to listen to just once.

1 person found this helpful

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Effective

Oldie but a goodie and still very relevant. Should be mandatory reading for new tradies to calibrate their thinking. Highly recommended.

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MUST read for any and every trader

This is without question THE most important tool you have as a would be trader. Cannot recommend enough, do yourself and your equity curve a favor and read this before placing a single trade.

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very good , make sense and i believe its of use

recommend to get, will help you understand trading. and the psychology towards it , of having trust in yourself your trading system and changing your view of the market .

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One of the simplest yet most comprehensive books on trading consistently

Douglas may incorporate concepts that may seem a little out there, but digesting then a couple times over, I’ve found his content to be enlightening and even the examples he gives on trading errors spoke to me on a personal level. Highly recommend for any aspiring trader or even professional looking to better their trading process and mindset!

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just right for trading

great thought provoking.The book confirmed ideas that I had been personally processing. on to the next stage

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Absolute eye opener!!

finding the Zone is not easy but this book really help you to understand what's needed to find it. Absolutely great!!

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emotional insight

absolutely must read for any trader lots of value and definitely will make you a better trader

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Great audio

Best audio for trading I've listened to so far. . . . . . .

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  • Penelope Frey
  • 24-07-2018

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!

13 people found this helpful

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  • Amazon Customer
  • 07-03-2019

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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  • Amazon Customer
  • 01-05-2019

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.

7 people found this helpful

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  • Usedguru
  • 11-04-2020

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!!

4 people found this helpful

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  • clifford b garvin
  • 02-03-2019

Awesome

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

4 people found this helpful

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  • Ken Russell
  • 20-05-2018

This is very helpful in learning to trade.

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

3 people found this helpful

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  • Clifton Vella
  • 02-03-2019

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!

2 people found this helpful

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  • Mafe
  • 24-02-2019

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.

2 people found this helpful

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  • W. Long
  • 20-02-2019

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

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  • Rafa
  • 22-02-2019

Great book

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

1 person found this helpful

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  • richard hannay
  • 12-12-2018

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.

8 people found this helpful

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  • Badrul Hussain
  • 26-08-2018

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.

1 person found this helpful

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  • Anonymous User
  • 02-09-2020

Valuable content

This trading book contains essential key information to becoming a successful trader and should definitely be listened to if you are on the road to becoming one.

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  • M. C. J. Francis
  • 28-08-2020

Fundamental trading text

This is a must read for all new or struggling traders!!! Don’t hesitate, get it!!

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  • Anonymous User
  • 18-08-2020

Brilliant

Love this book. I listen to this every month on my walks..hear something new every time

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  • Ramon Jansson
  • 21-07-2020

A must read for every starting trader!

This book opened my eyes to the many errors or wrong thoughts I have had about trading.

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  • Amazon Customer
  • 15-07-2020

valuable insight

i got a little tired of the metaphors half way through the book but it all came together in the end. it gives you a new way of looking at the markets. it wont go in to details of trading strategies and is 100% focused on psychology which i now believe is more important than having a good system. if you're struggling with keeping your cool in the markets and making silly decisions based on fear, this book is worth the read. really glad i got it for free with the audible trial. its quite expensive otherwise. knowing what i know now i would say it's worth the price tag.

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  • SunAngel
  • 11-06-2020

The best trading book that I have ever read

It touches on the essence of being successful trader on the markets. You will find it extremely useful if you happen to trade leveraged instruments, futures as Mark himself used to be futures trader. RIP Mark Douglas.

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  • Anonymous User
  • 21-05-2020

brilliant

Essential book to listen/read for every trader. You will find yourself there, for sure.

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  • Amazon Customer
  • 15-05-2020

Very repetive

I didn't learn a great deal here. The audiobook kept going over and explaining itself. Would of been fine if it was condensed to 10% of the size and cut out all the Fluff. Wouldn't recommend.

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