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Thanks for posting that info, it's really interesting to hear from someone that went to some of Marks early seminars. I wish I was there!
I have seen one of his workshops on DVD format and agree with you that he seems genuinely intent on helping traders succeed. You can also see the frustration you are talking about when people give him the wrong (and often obvious) answer to his questions!
I have read "Trading in the Zone" and gained a lot from it. But in reading through this thread I see many other recommendations also. Thanks to all those who posted some of their favorite books. I am looking forward to getting and reading them. I am always wanting to improve!
I also love his DVD series "How to Think Like a Professional Trader" which, well, does what the title says. In fact I think it has been the most valuable piece of info that has helped me along.
Also the paid seminars on FT71's site are spectacular. There is a fair amount of overlap between the two, or perhaps I should say synergy.
My other favorite is "What I Learned Losing a Million Dollars" by Jim Paul. (& others) Besides being written in a very entertaining style, probably the central theme is that you never know how a trade will work out. Tragically, the author died on 9/11. Of course it's sad that he's gone, but I take some solace that his loss was consistent with his message. You just don't know what is going to happen next.
Just curious as to what the "overlap" might be? Considering Douglas is one of the first to bring trading psychology to the industry ~ are you saying they are using his materials, so I don't need to go there. Thanks.
Thats the point Douglas is making - the reason you have a problem being a consistent trader is because your expectations on every trade and if you have a reason its because you think your going to be right on every trade - just trade your edge every time it shows up without any expectation except just knowing your going to win more trades than lose over next 20 and don't worry about any one trade in particular keep your risk/reward 1-1 and the same on every trade - and you will be a consistent winner -The reason he says anything can happen is so you don't get worked up when you lose a trade its just a random outcome in any edge you trade, trying to keep you from thinking every trade going to be a winner and to help you from making mistakes because of that way of thinking.