Thread by @ThePupOfWallSt

💡 Trading In The Zone by Mark Douglas cost me $9.99 for the kindle version.

In reality, it's saved me tens of thousands of dollars.

Find out how in this thread👇🏼👇🏼🧵

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

Sign up here: bit.ly/3DlZOCc

You've made it to the end. 👏

Enjoyed this thread?

• Please like each post ❤️
• ReTweet the first post so more people can read the entire thread 🐦
• Sign up for my newsletters ✍🏼

📈 Stock Market Update: bit.ly/3DlZOCc
✍🏼 Personal Writing: bit.ly/3FEqVKW

I'm Danny Naz. I write, I travel, I tweet and I eat. And I'm hungry for more.

🚢 #Ship30for30 🚢 #PupThread