💡 Trading In The Zone by Mark Douglas cost me $9.99 for the kindle version.
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1/
CONSISTENT WINNERS
THINK DIFFERENTLY
➤ The trading process is different
than anything you’ve ever learned
➤ Consistent winners think
differently from everyone else
➤ 90-95% of the traders can’t make
consistent profits
➤ How can we master this?
read on...
2/
BEING IN THE “ZONE”
➤ Market analysis is not the
solution
➤ Your attitude matters
➤ Proper Mindset > Market
Analysis
➤ The right tools matter
➤ Address your conflicts
3/
FEAR & OVERCONFIDENCE
➤ Simple Human Nature
➤ Conquer our tendencies
➤ Fundamentals vs Technicals
➤ Technical analysis =
opportunities
4/
EMBRACING RISK
➤ Taking risk doesn’t =
accepting risk
➤ The source of our trading
difficulties is internal
➤ Every trade has an uncertain
outcome
➤ Embrace the traders' mindset
5/
WHAT’S THE SOLUTION?
➤ Attitude + Framework =
Success
➤ Overconfidence + Risk =
Failure
6/
FREEDOM VS RULES
➤ We are in control
➤ But we don’t have rules to
guide us
➤ Eliminating fear + developing
restraint get’s us closer
➤ You only have yourself to
blame
7/
THE BEST & THE REST
➤ Think how, think when
➤ The answer is within
➤ It’s a state of mind that you
must create
➤ Accept the consequences
8/
THINK IN PROBABILITIES
➤ Accept the risk
➤ Train your mind
➤ Learn to let go
➤ Our minds are wired to
associate
9/
HOW TO ELIMINATE EMOTIONAL RISK
➤ Neutralize your expectations
➤ Create a mental framework
➤ The best traders are in the
“now moment” because there
is no stress
10/
THE CAREFREE STATE OF MIND
➤ Identify your edge
➤ Predefine your risk
➤ Accept the risk
➤ Act on your edge
➤ Pay yourself
➤ Monitor your errors
11/
FINAL THOUGHT
➤ This is a brief summary, not
written by me but adapted to
what I think are the key take
aways from the book
➤ I highly recommend reading
this book multiple times to
fully understand its concepts
11B/
➤ By no means are these words
the advice of any kind, be it
financial or psychological
➤ Good luck and all the best
with your journey!
This thread was pulled from my Trading In The Zone video series I have as part of my Pup University. If you want a free copy of the PDF, please sign up for my newsletter and you will get a link to download it
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