Mark Douglas, the author of ‘Trading in the Zone’ (pdf), is president of Trading Behavior Dynamics. He believes, with good reason, that being a successful trader requires a certain mindset. He has created programs and taught all levels of traders how to achieve this winning mindset.
Read this before you make another trade!
Mark Douglas compares a good trader to an athlete. Both have honed their skills, reflexes, instincts, and wills to a fine edge. Both have reached the point at which a winning performance is an automatic, utterly unconscious process. That’s when they are operating in the zone. Douglas contends that traders must impose mental self-discipline and adhere to a consistently strict system to reach the zone. Would-be investors and traders will value this enlightening text for its underlying message that great traders are made, not born.
