2017

Apr
11

Mark Douglas. Trade in the zone (Zonal trading) – book download

th operating in the market is, of course, making money. But the essence of trading is not limited to simply making money. The implementation of a profitable trade or even a number of profitable trades does not require any skills. To achieve sustainable positive results and not to lose it in the future, you need a special skill. Steady gains can be considered a by-product developments and improving certain skills of consciousness. The better a trader understands this, the less attention to the actual money and is focusing on that, how to best use the trading to master these skills.

Stability is a consequence of the free, relaxed and objective mindset, allows you to perceive the market at this particular point in time and take action, the related term market.

Under free (careless) attitude of consciousness refers to the confidence in the absence of euphoria.

Objectivity is a state of mind, implying conscious access to everything, what the trader knows about the nature of the market environment. Protective mechanisms do not block anything and does not distort.

To always be offering market means trading with positions, in which you don't need to prove anything to anyone. The trader is not trying at any cost to make money or avoid losses, not seeking to get even or to take revenge on the market.

Trade in the moment means no ability to associate log, output, add or partial closing of positions at past experience, which is present in the sphere of consciousness of the trader.

Full acceptance of psychological realities of the market means, accordingly, risk-taking trading.

Beliefs form a way of living life. People are not born with beliefs. They are acquired later.

Ways the impact of beliefs on human life:

  • They control the perception and interpretation of information coming from the outside so, to comply with the, what one believes.
  • They create expectations. The waiting is the belief, which is projected at some point in the future. Since it cannot be expected that, that people do not know, can be considered as the expectation of knowledge, projected into the future.
  • All actions, which a person decides, as well as all the external manifestations of behavior consistent with existing beliefs.
  • Beliefs provoke feelings, arise in connection with the results of the actions.

Relative beliefs are fair statements:

  • beliefs live their own lives and, therefore, possess the property of resistance to any forces, seeking to change their current form;
  • all active beliefs demand expression;
  • beliefs continue to operate regardless of, whether we realize it or not, their presence in the field of our consciousness.

The impact of self-assessment on results of trading extremely high. Trading environment provides unlimited opportunities for capital accumulation. Sense of self inherent in each person.

Any felt guilt may adversely affect the self-esteem. The feeling of guilt is usually associated with a sense of its own unfitness, wretchedness, and most people are of the opinion that, what a bad person deserves punishment, and certainly not worthy of awards.

While trading in the market, these subconscious sabotaging beliefs assert themselves in the form of supposedly random misses, when the trader, losing for no reason at all concentration, puts a buy order instead of sell, or, deciding to move away from the monitor, returns and sees, he missed a clear opportunity to make money.

Every time, when traders hit the barrier, the balances of trade accounts deteriorate sharply regardless, how the market. However, answering the question about the reasons of failure, they all blamed on bad luck or the delusional whims of the market.

In fact, trading is the hardest thing of all, what man tries to achieve success. And not because, what the market requires remarkable mental abilities, quite the contrary! The problem is, what, more than trader that knows, the less successful. Trading is difficult, because I have to work in conditions, in which should not know, even if from time to time the results of the analysis to be absolutely correct. Conditions, in which should not know, requires proper handling of expectations. In order to properly manage expectations, you should reconfigure the sphere of consciousness so, to be able sincerely, without a shadow of a doubt, to believe in the five fundamental truths of trading.

There are three stages of development of a trader.

The first stage – mechanical. At this stage you need:

  • to attain the state of self confidence, what you need to work in the unrestricted environment;
  • to possess a perfect ability to implement trading system;
  • to train the mind to thinking in terms of probabilities (five basic truths);
  • to create a strong unshakeable belief in the ability to be a stable trader.

The second stage is a subjective.

At this stage, the trader must use all, what I learned about the nature of market movements, in order to do that, what he wants. This stage is characterized by a high degree of freedom, therefore, you should master the ability of self-observation, aimed at exposure to trading errors on the basis of certain unresolved self-esteem issues.

The third stage is intuitive.

Intuitive trading is considered the most advanced stage in the evolution of a trader. It is impossible to try to act intuitively, because intuition is spontaneous and spontaneous. It is not taken from that, that person knows on a rational level. The essence of the mind is, that he was extremely sceptical of the information, outgoing from the source, which he does not understand. The anticipation of something, what you must here- that's going to happen, is a form of knowledge, radically different from everything known to man on a rational level.

The only way mastery intuitive trading is, to achieve a state of mind, in the most favorable for the perception of intuitive impulses and work with them.

Life beliefs: "I am stable trader" – the most important goal, however, it is too vague and abstract, therefore, the process of its achievement requires a differentiation of the successive stages.

The following beliefs are part of the functional units, forming the structure, the underlying, what is meant by the words "consistently win".

The seven principles of stability are as follows:

  1. I objectively identify my competitive advantage.
  2. I pre-calculate risks for each transaction.
  3. I fully accept the risk of losing a certain amount of money on the deal.
  4. My actions are fully and unconditionally agree with competitive advantage.
  5. I cry myself to the extent that, as the market generates opportunities available to me for making money.
  6. I am constantly watching the extent of my fallibility.
  7. I understand the absolute necessity of following the principles of lasting success and never violate them.

Another translation, what are: “Zonal trading”.

Learning stock trading on the NYSE, Nasdaq, Amex

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