What books to choose for a trader?
For those, who are looking for more detailed books, which offer in-depth technical analysis, advanced strategies and comprehensive information on all aspects of day trading, you can refer to a number of books.
Mark Douglas
Mark Douglas - Reason over the Market (interview)
From the translator: Greetings! We offer you a translation of an interview with Mark Douglas, an experienced trader and a professional in the field of trading psychology, author of the books "Zone Trading" and "Disciplined Trader", That, sure, many are familiar. Mark will tell us about, what is important to avoid in trading, what to strive for psychologically, and also describes the human component of the price movement. I wish you pleasant reading and a successful trading week.!
Mark Douglas. Trading in the zone (Zone Trading) – book download
REVIEW OF MARK DOUGLAS'S BOOK "ZONE TRADING" This book describes a comprehensive look at the difficulties, that a person encounters, who has accepted the challenge from financial markets. When there is an understanding of that, that it's not limited to broker tips, and the rationale for buying or selling is, virtually, extremely complex, giving unpredictable results. The book offers a serious psychological approach., which should contribute to the achievement of stable positive results of the trader's trading decisions. The author does not offer a ready-made trading system, but his interest lies in a completely different plane. – show, how to think in order, to become a consistently successful trader. The book is intended for a wide audience, independently entering any financial markets (stock, futures, currency and commodity).
Remedy for fear of failure
Our approach to trading is determined by the vision of the future and expectations. For example, if we are too scared, we refuse to take mother risks, and as a last resort we may even be afraid to enter a deal. Our expectations, knowingly or unknowingly, have a huge impact on trading results. Traders face many common fears, and each of them is based on beliefs and assumptions, which should be identified and refuted. For example, in his book “Trade in the Zone”, Mark Douglas highlights such fears, which became the cause of many trading mistakes: be wrong, lose money, exit the game, leave money on the table. Many of these fears reflect a fear of failure..