Trading in the Zone By Mark Douglas (Paperback)

Douglas is a trading coach who helps traders overcome the ingrained mental habits that cost them money. He exposes the myths of the market and teaches traders to look beyond random outcomes. By doing so, traders can understand the true realities of risk and be comfortable with the "probabilities" of market movement that governs all market speculation. One of the main reasons for lack of consistency in trading is the ingrained mental habits that traders have developed over time. These habits can be detrimental to their trading performance and can lead to costly mistakes. Douglas helps traders to identify and overcome these mental habits, which can lead to better trading results. Another benefit of understanding the true realities of risk in trading is that it can help traders to manage their risk more effectively. By looking beyond random outcomes, traders can develop a more rational approach to trading and can better manage their risk. This can lead to more consistent trading results and a more profitable trading strategy. Finally, being comfortable with the "probabilities" of market movement is essential for traders. By understanding the underlying reasons for lack of consistency and the probabilities of market movement, traders can develop a more informed and confident trading strategy. This can lead to more profitable trading results and a more enjoyable trading experience.