10 Trading lessons by Mark Douglas (a review of Trading in the Zone) ... In this interesting and thoroughly recommended book, Mark Douglas analyses from a ...GetstartedOpeninappCryptoRand7.7KFollowersAboutSigninGetstarted7.7KFollowersAboutGetstartedOpeninapp10TradinglessonsbyMarkDouglas(areviewofTradingintheZone)CryptoRandFeb11,2019·4minreadInthisinterestingandthoroughlyrecommendedbook,MarkDouglasanalysesfromapsychologicalperspectivethemostcommonissuesrelatedtotrading,offeringtherecipestofacetheminthebestwaypossible.Thefirstsproblemsarerelatedtopointingouttheaddictionthatnewpeopleexperiencewhentheycangetaprofitoutfromarandomtrade.Withthatcomestheexpectationofgettingarandomwinningtradenowandthen,evenafteranegativestreakandregardlessoftheoverallscenario.Therecordedmemoryofthatgreatmomentwhereluckstruck,motivatestokeeptrying.Anothersevereproblemwhichisthereasonwhyevensmartpeoplefailattimesisduetotheachievedsuccessinotherbusinessendeavours.Agoodentrepreneurreliesonhisskillstocontroltheenvironmentandthesituation.However,intrading,thewinningfactorliesintheabilitytobeabletoadaptrapidlytotheactualscenario.Beingabletoreacttodifferentcontextsmakesitpossibletomakeaprofitfromwhatdrivesthosechanges.Tradinginherentlyassumestheriskofapotentialloss.Whatdeterminestheskillsofagoodtraderisthereactiontoagivenloss.Nobodylikeslosingmoney,andwhenthathappens,italwayshasanimpactonanyone’smood.Agoodtraderneedstounderstandthatthisriskispartofthebusiness,andacceptingitmakesyouontherightpathtoavoidspontaneousreactionswhicharemainlydrivenbyuncontrolledemotions.Ithappensthesamewhenanexcellenttradingopportunityismissed.Eveninthiscase,it’scriticalnottosurrendertoyouremotions.Yourcompulsiveegowantsyoutochasepumpsinacompensatoryeffort,andthatmaybemorecounterproductivethananything.Emotionalcontroliscritical,withoutiteventhebesttechnicalanalystwillbelost.Anotherlinkedproblemisabouttheriskperception.Agoodtraderdoesn’trelyontheresultofhislasttradetoevaluatehisoveralltradingability.Thesamewholescenarioinh