Douglas, president of the seminar firm Trading Behavior Dynamics, focuses on the psychology of successful traders. Instead of offering specific strategies, he advises readers, “The first step on the road…is to understand and completely accept the psychological realities of trading.” It may be too abstract for some, but given trading’s risks, this book could assist experienced investors willing to engage in self-reflection. (Jan.)
Copyright 2000 Reed Business Information, Inc.

User Ratings and Reviews

3 Stars It’s OK but
I read almost half of this book and I had to give it up. The reason I quit is because Mr. Douglas just blathers on through every chapter. Each chapter I’ve read is poorly arranged. He is not a professional psychologist. Plus his book contains no bibliography, no end notes, nor any suggested reading. I can’t tell what kind of research (if any) went into this book.

At the begining of the book, he mentions that he became a consultant 2 years after failing miserably at trading. I would rather read a book by somebody that failed at trading, figured out what they did wrong, traded successfully, and then decided to become a consultant.

Read Reminiscences of a Stock Operator. It has all the lessons contained in Trading in the Zone (as far as I can tell) without any of the pain of Mr. Douglas’s blathering.

4 Stars Meet your psychologist
This book provides psychological training for trading, just like when u’re taking part in competitive sports. Players are brought through some psyche sessions to stregnthen levels of determination and perseverance. This book provides training in a layman language which i find very useful

2 Stars Not much of helpful information
Bought the book after reading all other good reviews but was dissapointed. This books has too much repitation of same example which was a bit annoying. Chapter 11 excercise wasn’t helpful. After reading the book I walked away with nothing helpful to improve my trading. Very dissapointed.

Read: The Psychology of Trading: Tools and Techniques for Minding the Markets

5 Stars Trading in the Zone
Very pleased - the book arrived when promised and in excellent condition. A great savings over buying retail.

5 Stars AWESOME AWESOME AWESOME (for me)
OK - If you are an experienced trader with a plan, but can’t make yourself trust the plan “Pull the Trigger”, then this is the book for you. I did another review that doesn’t seem to be here, but I gave it 4 stars, because I still could not enter a trade without fear. 2 days later after STUDYING Mr. Douglas’s book, I get it - the information entered my soul and at this time I am trading with confidence instead of fear. Not 100% confidence yet, but see me in 30 days and I will be telling a different story if I just apply my plan which I now can do.

To me that is all this book is about. Getting the fearful trader to lose his/her fear and follow through with all the learning that they know will work.

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