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The Definitive Guide to Mastering the Psychology of Trading by Mark Douglas
Another great quote. I remember from Trading in the Zone that Mark talked at lenght about this in there. He talked also aboud self-sabotaging beliefs that, without realizing it, may work against you.
It seems this may be an evolution of his two prior books.
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
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I tell you what I'm realizing to a greater extent from this book is caring much less about trading is one of the keys for me. Seems I have a point of reference now as well. Before the holidays I did some sim trading to test out pairs trading in stocks. Can't say I loved it. Bid ask spread in stocks is complete crapola. Never a market order that's for sure. Sometimes it's just ridiculously huge........lol. Because of this distaste for it I was extremely mechanical about it. But I don't have to like it for it to work and it did at least on sim. So adding it in in two weeks here once I get caught up on my levels and Excel stats.
Ron
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...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
I have developed a distaste for the stock market as well. There are people who demonstrate how the stock market is really rigged (or one could say more rigged than others).... Eric Hunsader is one of them.... he keeps publishing data on Twitter on how HFT firms can frontrun pretty much anything they want and their advantage compared to retail traders... that's one of the reasons I prefer sticking with futures (although it's not the only one).
