download livro trading in the zone mark douglas

What I call the four primary trading fears. Ninety-five percent of the trading errors you are likely to make – causing the money to just evaporate before your eyes – will stem from your attitudes about being wrong, losing money, missing out, and leaving money on the table. This is called an objective perspective – one that is not skewed or distorted by what you are afraid is going to happen or not happen. It is just information, telling you what the possibilities are. If the information the market generates doesn’t have the potential to cause you emotional pain, there’s nothing to avoid.

When you learn the trading skill of risk acceptance, the market will not be able to generate information that you define or interpret as painful. As a result, they are no longer susceptible to the common fears and trading errors that plague everyone else.įinancial and emotional disaster are common among traders because many perspectives, attitudes, and principles that would otherwise make perfect sense and work quite well in our daily lives have the opposite effect in the trading environment. The defining characteristic that separates the consistent winners from everyone else is this: The winners have attained a mind-set – a unique set of attitudes – that allows them to remain disciplined, focused, and, above all, confident in spite of the adverse conditions. Intelligence and good market analysis can certainly contribute to success, but they are not the defining factors that separate the consistent winners from everyone else. There is something inherent in the way our minds work that doesn’t fit very well with the characteristics shown by the markets. What I’ve discovered is that, at the most fundamental level, there is a problem with the way we think. What accounts for the small percentage of traders who are consistently successful? To me, the determining factor is psychological – the consistent winners think differently from everyone else. The goal of any trader is to turn profits on a regular basis, yet so few people ever really make consistent money as traders. Best Quotes From Trading in the Zone By Mark Douglas – Learn How to Master the Market:

Download livro trading in the zone mark douglas