Today, I started reading Trading in the Zone by Mark Douglas, one of the most respected books on trading psychology.
What I Learned Today
- Most traders fail not because of lack of market knowledge, but because of psychological barriers.
- The small group of traders who succeed consistently are those who think differently and manage their mindset.
- Mark Douglas himself struggled in the beginning. In 1978 he started trading but lost almost everything within 9 months because of wrong habits and mindset.
- This experience led him to study trading psychology deeply and later write The Disciplined Trader and Trading in the Zone.
- The main idea: You don’t need to know what will happen next to make money.
- Key principles:
- Anything can happen in the market.
- Every trade is unique.
- Success comes from confidence in your edge (probability), not from predicting.
My Reflection 💭
This first lesson made me realize that I should stop focusing only on prediction and analysis. Instead, I need to build the right mindset and accept that losses are part of the game.
The sentence that impacted me most was:
👉 “You don’t need to know what’s going to happen next to make money.”
What’s Next
Tomorrow will be Day 2, where I’ll continue with the next part of the book and share what I learn. Step by step, I will build both my knowledge and mindset to become a better trader.
⚡ Subin Thapa
Learning in Public – My Trading Journey