It rank 2 out of 5.
I like it because it is different from any other trading book out there. It mainly focus on the mindset of a trader instead of the technical side.
He brings realism and enthusiasm.
No, not really. It just made me think differently about trading.
It is a really book that could benefit the rookie and also the veteran. But, I have to say I am very happy I read it as a rookie because now I feel more prepare for whats coming.
This book was very informative as to what mind set a person must have to develop into a consistent "winner". It dives into the psychology every trader experience at every level of their career, throughly explaining what to do and how to think in order for the reader to take advantage of an opportunity. The narrator uses everyday examples to get his point across and to make his point easier for the reader to familiarize with. At points the narrator does seem to ramble but with good cause, he uses that opportunity to really embed his idea into your mind. Overall the book was great. I would recommend to anyone who is just starting out or who has had trouble being consistent in their trading.
On a subconscious level our biases let us make decisions carelessly sometimes. As if in fight, flight or maybe freeze; it can be a good thing but then the market is far from that. Anyone can place a winning trade but having a professional psychological homeostasis is what this book is about. I really enjoyed it. The principles will take place and evolve on a functional level.
trading in the zone is the kind of book that takes simple to understand situations and by slowly taking the listener through them reveals truth and grows the listener. this is quite a phenomenal book in that what it can do for you as a trader and for your personal growth. Many of the topics covered in this book not only apply to the trading arena, but can be extended to other areas of your life, such as building your network marketing business.
The main point/s I received was believe in my system, losses are expenses and are a part of the business. This book is a critical addition to any trader's library.
As a disciplined trader myself I find the audio book rather boring as it speaks what I have already learned from years of experience. But! But I do feel that this is a very essential skill that all traders should develop and in that sense, this is an essential book.
This book is necessary for all financial traders. It tackles the fundamental problems that hampers trading success. A big thank you to Mark Douglas. R.I.P.
I enjoyed every moment listening to this audio book.