As I mentioned a week or so ago, Mrs. Bluecollar purchased Mark Douglas' book, "Trading in the Zone" for me. I received it last week from Amazon and have had a chance to read the first chapter. So far, so good. In fact: so far, so awesome. This is exactly what I was looking for and I can't wait to read more.
I'm hoping I don't run afoul of copyright laws when I excerpt:
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"...I can state without a doubt that there are specific reasons why the best traders consistently out-perform everyone else. If I had to distill all of the reasons down to one, I would simply say that the best traders think differently from the rest."
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and:
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"The defining characteristic that separates the consistent winners from everyone else is this: The winners have attained a mind-set-- a unique set of attitudes--that allows them to remain disciplined, focused, and, above all, confident in spite of the adverse conditions. As a result they are no longer susceptible to the common fears and trading errors which plague everyone else. Everyone who trades ends up learning something about the markets; very few people who trade ever learn the attitudes that are absolutely essential to becoming a consistent winner."
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I will continue to snip out great pieces of this book, write it here, and credit it accordingly in hope that it will inspire you to pick up the book yourself.
