Trading in the zone - Bible for speculation!
Trading in the Zone Trading in the zone by Mark Douglas is one of the most prominent book which covers trading psychology, systematic trading, trading rules, trade setup etc which helps in wholistic development of any trader or someone who aspires to be speculator. As the preface quotes-Mastering the market with confidence, discipline and a winning attitude, the book highlights what it takes to be consistently profitable, thinking in probabilities, defining your edge and ultimately getting in that ZONE. Chapter 1 It introduces you to basic stock market terms like fundamental analysis, technical analysis and mental analysis and each of its importance in the market. On technical analysis-"Individuals develop behavior patterns and a group of individuals, interacting with one another on consistent basis, form collective behavior patterns. These behavior patterns are observable and quantifiable, and they repeat themselves with statistical reliability." Further the chapter...