This book really hit me right in a forehead in regards of
successful trading in
financial markets. No matter how much you
know about futures, stocks, stock options, or currencies, no matter how long you study all technicalities about a particular market, you still could be a "looser" if you don''t know a little secret about your own mind. What is the secret? In majority of people trying to make money in the market, most of the Time, their own minds are working against them !!! And they even are not aware of that ! How weird - you may think. Mark Douglas in his book "Trading in the Zone" explains in clear and understandable language how human mind works, and why it is crucial to know about that in order to trade successfully. And even more - he shows us how we can align the mind to be cooperative with our desire of making consistently money in
financial markets. Psychological aspect in trading can not be underestimated. Our negative emotions such as greed, anger, jealousy, lack of patience can have devastating implications in our journey towards financial independence. This book gives us a knowledge, how self destructive our mind can be despite the efforts on the surface to achieve certain goals. That, what we believe subconsciously will always prevail. And that, what we want and what we hope for consciously is secondary. This is a major reason for so many failures in this business of making money in the markets. What''s even more interesting, Mark in his book elaborates how to overcome that obstacle, and get into the "Zone", which is a state of full faith, or deep knowing that our relationship with the market is healthy, and in every moment as it supposed to be. Without this subconscious knowing, one is like a blind person full of fear, trying to get out of a maze. And that is the case of most traders trying to make money in markets, even if on the surface they look confident, intelligent, and are full of fundamental and technical knowledge.