Just bought trading in the zone by Mark Douglas
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Thread: Just bought trading in the zone by Mark Douglas

  1. #1
    Further to some heavy recommendation I've just this Instant Bought trading at the zone by Mark Douglas...

    I've read most of his first book and really enjoyed it...

    Lets hope this is just like the first and indeed offers Some Thing a little more and different to his first one...

    I hope you guys are right

  2. #2
    Quote Originally Posted by ;
    .. .getting the bags out of your way so you can make money. It doesn't matter if it's greed, fear, anger, etc, it.

    If a person does not need any plogical assistance, then good for them. But 50 years after living, I can count on one hand.
    With all due respect, I disagree. No amount of headwork will help. It is like trying beat the casino at roulette, it will not happen no matter what.

    Getting bags out of your way does not matter if the odds aren't in your favor to begin with. And in the event that you can not identify your edge, then you're in trouble.

    Now if a person does have an edge and isn't making money when he should be then I do concur with your statements.

  3. #3

    I do Not want to Reply Dopey, However I Think his supposition is that Even Though people in the market having a Border, they're still Accountable to fail (on occasions) Due to the mental state (resulting from Bags )


  4. #4
    Quote Originally Posted by ;
    With all due respect, I disagree. No quantity of headwork will help. It is like attempting beat the casino at roulette, it won't happen no matter what.

    Getting bags from your way does not matter whether the odds aren't in your favor to begin with. And in the event that your edge can't be identified by you, then you are in real trouble.

    Now if one does have an edge and isn't earning money when he must be then I really do agree with your invoices.
    Im sure Dopey agrees

    Edge decent mind = Success
    Edge poor mind = failure
    No Edge poor mind = loser
    No Edge decent mind = failure

    I actually think it's not possible to have an edge and neglect on one hand however. A border requires the trader to do whatever needed to exploit it if they allow losses operate, then they're not following their principles and do not have an edge, since they loose in the long term.
    I come to this decision because an edge isn't a single thing, its a combo of parimiters put together that produce a possitive expectancy. If a TP level/signal, Exit, entrance aren't taken exactly as profitable, then you aren't exploiting your edge.

    Does that create sense?lol. Sometimes its difficult for me to communicate what im hoping to get out.

  5. #5
    Yes, my point was that with an advantage, an individual can fail through their behavior. Following an all, an edge is something you've defined as having a greater likelihood of success than of falling out. You still have to execute. Very similar to having a plan of battle but neglecting to execute it. The exact same can be said of many things in existence.

    Leon summed it up well. . .good advantage and thoughts are required to be successful in this organization.

  6. #6
    I Have read Trading in the Zone and got Disciplined Trader. I think Disciplined is better and must be read first (probably does not matter, but that is the way I wish I'd done it). I am reading Trade your way to Financial Freedom right now and I like Van K. Tharp style better than Douglas.

    No matter both have something to teach, but if you don't care for Douglas overly much, you might like Van K. Tharp. Both are worth the time and effort

  7. #7
    Quote Originally Posted by ;
    I think Disciplined is better
    I agree.

  8. #8
    I would have to agree with similar and Dopey. Can get 6, why one trades. Following is a breakdown of a few of my losing trades, which I realized I had been doing only after lots of pondering:

    You have doubts about your advantage or nontrading problems that function on the interior of you. That places your entire ability to generate anything. You feel you need to trade to get better at trading. Afterward harsis is much more satisfying than cash that is extra.
    Trading, if a person has played live charts long , is at times easy, even semiconsciously therefore: Connect the dots and then push a few buttons. Bingo.
    Atop this, function thru your issue, semi/unconsciously (with example emotion, direction, emphasis of reason): I am afraid the time's price / my (non)trading issue will probably go too high, against the probable trade; too, I need exactly the same, for different reasons, to drop reduced, to the base I understand, which the trade also depends upon.
    Of course, a trading decision is much more complicated than that, and you get stuck with a trade on too easy a reason to get it done.
    Except, when you lose, or sometimes break even or win, you get a thrill: You receive the ah-ha! Jolt in mind that helps you solve the (non)trading issue to a degree, simply because trading ties in comparing different remarks in a easy way with a psychological necessity the dwell chart encourages. Your drive to improve your trading can even doom the trade (ergo demo'ing, to accept your strategy ) in an addictive, vicious cycle of many trades.

  9. #9
    I need help to interpret from English into Russian text from this publication.
    Quote Originally Posted by ;
    At the very fundamental level, the market is simply a string of down and up tics that form patterns. Technical analysis defines these patterns
    as edges. Any particular pattern defined as a border is simply an
    indiion that there's a higher likelihood that the market will move
    into one direction over the other.
    What means advantage?

  10. #10
    Quote Originally Posted by ;
    Am I the only person who does not enjoy this novel?

    2)When do I ever know what's going to happen next?
    3)Doesn't actually make sense.
    4)Ok. .
    5)Wow, thanks to that golden info. Whats the purpose?

    It's a good message, but why write with such fluff? Does no one is bothered by this?
    I believe he says that what he says is obvious but can be readily forgotten. He is currently trying to educate a approach to trading and not offer advice to you. I would only ask you a question. Perhaps you have traded on demonstration? Have you traded real? Did you ever wonder demo was so much more easy? The thought of this book is to flip your trading to be like it is on demo.

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