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Publisher's Summary

Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.

©2018 Paula T. Webb (P)2018 Penguin Audio

Featured Article: The Best Trading Audiobooks for Improving Your Financial Savvy


When it comes to the economy, advice from various experts and perspectives abounds—so much so that it can feel like you need advice on which advice to take. And for those who specialize in trading, general financial advice or even investment instruction is often not specific enough. When dealing with the high stakes associated with trading, either as a hobby or a career, it’s essential to seek out wisdom from those who have learned from experience.

What listeners say about Trading in the Zone

Average Customer Ratings
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Disappointed given the stellar reviews I've read.

The author offers some valid knowledge, but it's buried within so much fluff about your emotions and thoughts that it's hard for me to appreciate. I'm only half way through the book and struggling to finish. For a new trader this might be a good read but for anyone who has experienced the markets this is common knowledge. Basically, a trader's goal is to think like the casino. Keep the size of the bets small enough in relation to overall capital to reduce the chance of a ruinous event, find an edge and simply trade it. That's all it takes to be successful. And yet, 95% of traders fail, and they fail because they let their emotions (fear and greed) or other beliefs (the ego's need to be right) get in the way simple as that.

36 people found this helpful

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Most important trading book I own!

I purchased this book several years ago when it was recommended to me. I wish I had read it then. The audible version of the book makes it much easier for me to complete a book cover to cover. This book is outstanding. Deals with the whole mental side of trading and to me that is 90% of trading. Highly recommend it!

25 people found this helpful

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Decent book on trading psychology

First 4-5 hours of the book has very good takes on psychology of trading witch is obviously very important. I felt the content on the first half is very valuable.

Towards the end of the book there is bizarre VERY long section to explain effects of bad experience. The book spends an hour or so making a point that could be made in 5-10 minutes. I feels like author ran out of things to say and really stretched the end to add mass to the book.

That aside I feel this is one of the better books on trading and the topic is definitely very important success factor.

13 people found this helpful

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Off the charts , practical, get we done advice;

I am a 58 yr old 30 lifetime in the trenches entreprenuer. I read on average 50 books a year . I have had my share of successes and failures throughout the years. This book, for me, is one of the most powerful, practically written , execution plans that I have been searching for my entire working life. . If you struggle to consistently connect the wins in your business life, then this book is your missing link. I learned more practical advice in this 1 book than in the cumulative value of 100"s of others. If you have the strategies mastered,(in any profession), but struggle with your consistency in getting results, than this book is your new bible. .S o much more than a trading book. It is a business mantra providing you guardrails to your success!!

11 people found this helpful

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Awesome

Awesome account of the mental and holistic aspects of trading psychology and how beliefs affect reality

5 people found this helpful

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Indispensable!

This book should be a requirement for any aspiring or even already established trader! Gone through my first listen and will go through a second one soon as the principles listed in this book are so important!

4 people found this helpful

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This is very helpful in learning to trade.

I found the guidance to be extremely beneficial to me in my development as a trader .

4 people found this helpful

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Get yourself something nice

This entire book is basically the first chapter of Mastering the Trade, which is a far better introduction to trading. This book, Trading in the Zone, provides nothing of actual value. It’s just a feel-good pump-up book; something to read before you throw away all your money on the markets

3 people found this helpful

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This book helped me to relax a lot!

This is one of those books that can be listened to multiple times and you will get more out of it each time.

3 people found this helpful

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Great book

Loved the mindset he talks about. Once you change your thinking you change your results.

3 people found this helpful

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  • richard hannay
  • 12-12-18

ok

Basically be cold in your emotions, know that anything can happen and have an edge.. oh and watch your kids near dogs.
just saved you several hours.

18 people found this helpful

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  • David
  • 05-15-20

Very repetive

I didn't learn a great deal here. The audiobook kept going over and explaining itself. Would of been fine if it was condensed to 10% of the size and cut out all the Fluff. Wouldn't recommend.

5 people found this helpful

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  • R.B.L.White
  • 11-25-20

Not recommended

There were one or two useful points, but for the most part the book is very repetitive and actually quite irritating. The “dogs” example just goes on and on and on.
A much better buy on psychology would be “The inner game of tennis”, even though it’s not about trading as such.

2 people found this helpful

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  • Badrul Hussain
  • 08-26-18

A must read for all traders and for all levels.

This is a very, very good book on trading psychology. If you're new to this or a beginner read or listen to this book more than once to benefit from one of the best psychologist out there.

2 people found this helpful

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  • thomas ryan davies
  • 09-24-21

10/10

Great book with thoughts that’s could be taking into sport betting, poker or any probably based situations in life.

Really helpful, insightful and a book I think I will be using again and again.

1 person found this helpful

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  • D. J. Hall
  • 06-20-21

won't teach you how to trade but...

it will teach you how to become a trader, through mindset and emotional control.

1 person found this helpful

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  • Jan M.
  • 01-22-21

Must listen!

It is a bible of trading, just go for it.
once you have finished, do it again.

1 person found this helpful

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  • T. Bullen
  • 12-22-20

Repetitive drivel

I tried, but could not finish this. Repetitive lessons on how to suck eggs, laced with sudo psychological nonsense. Avoid.

1 person found this helpful

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  • Anonymous User
  • 11-15-21

unreal

brilliant book, great insight to what mindframe it rake to become a profitable trader. loved it

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  • Patrick Hoyle
  • 10-19-21

That dragged

The book had a few good points but nothing anyone with a little bit of trading experience doesn’t already know (worth being reminded of these points though I admit)

He talks about the story of a dog and a boy for over an hour when you get the obvious point after 2 minutes.

Would not recommend.

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  • joel collie
  • 02-10-21

I took a loss on this investment

waste of money for me, maybe this will help others but I found the topics discussed to be redundant. yes clearly you have to own and accept risk, yes clearly being confident when making decisions makes for better probability, now hurry up and tell me about trading instead of waffling on with existential hyperbole.....

Go read Mark Manson's Subtle Art of Not Giving a Fuck, you'll get more out of it.

2 people found this helpful

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  • Maurie
  • 07-19-20

Effective

Oldie but a goodie and still very relevant. Should be mandatory reading for new tradies to calibrate their thinking. Highly recommended.

2 people found this helpful

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  • John M
  • 09-07-19

A MUST read for anyone passionate about trading!

A key aspect of this book is to view trading as a game of probabilities and to understand that any set of trading rules must be given enough of a sample size to clearly know if your system gives you an "edge".
Too often we try to justify why one trade turned into a loss with the belief that if your system is incredible you should never be wrong.
If you knew that your system is right 70% of the time, this means 14 out of 20 trades will be correct. What you need to realize is that you don't know when those 6 losses will occur. You may lose the next 3. Disregard your emotions. Follow your trading system and let the odds of probability work in your favor.

2 people found this helpful

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  • Amazon Customer
  • 06-19-18

A great tool I'll refer to often

The best narrator I've heard so far, and the content is a game changer. This is too good to listen to just once.

1 person found this helpful

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  • Kindle Customer
  • 10-27-21

Life changing!

Perfect for my morning walks. I have taken a lot from this book, Thank you.

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  • Anonymous User
  • 10-11-21

Mark Douglas is a legend. This is a must have!

Easy listening great book by the great Mark Douglas. This is a must listen

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  • Belinda
  • 09-20-21

Great Content

I now know why this book is spoken highly of in the trading world. It is fantastic. You must be in the right frame if mind to listen to it and focus and follow along, but Mark delves into the why and provides great examples. I will be listening to this one again!

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  • Anonymous User
  • 09-01-21

waste of time and money

You can get more information out of reading a random article on trade psychology than reading this book. I did not find any useful information in this book that I did not already know.

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  • Anonymous User
  • 08-27-21

high quality book

This is a bible!!! very practical & I want to listen again . Thank a lot Mark!!

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  • Anonymous User
  • 07-01-21

Great guide for trading

I listen to this early in my trading journey and it helped me a lot to have a traders mindset. Great lessons and interesting from start to finish. I went back and started again as soon as I had finished it the first time.