Trading In The Zone

[Lamont_C]

Quote from MidKnight:

Maybe they glossed over it because Douglas doesn't put that much emphasis on it himself. I haven't read this book but have heard it is like his previous one, 'the disciplined trader'. In which he states something to the effect that someone can buy an off the shelf method as there are many available. Pretty sure he also mentioned that the system doesn't even have to be profitable, as the focus was more on everything BUT the system. I'd have to re-read again to be sure.

I have read you mention how important a consistently proftable trading strategy is, while I agree with you, I don't think his book clearly emphasized that.

Kindest wishes,
MK

I must be missing something. If you haven't read the book, how can you know what it emphasized?

The basis of trading in the zone is a consistently profitable trading strategy. Without that, the book makes no sense and has no point.

 

[MidKnight]

Quote from Lamont_C:

The basis of trading in the zone is a consistently profitable trading strategy. Without that, the book makes no sense and has no point.

Ok. What you say is exactly what went through my mind in reading his previous book in which I found he gave very little (almost trivialized) this point.

Kind regards,
MK

 

[gnome]

Quote from jaronimo:

Ok, I have changed my mind. Trading is not like surfing. You will never lose a nipple trading.

What? Sounds like you've never encountered a Trader Groupie.

 

[Lamont_C]

Quote from MidKnight:

Ok. What you say is exactly what went through my mind in reading his previous book in which I found he gave very little (almost trivialized) this point.

Kind regards,
MK

However, this isn't about The Disciplined Trader. Without a consistently profitable trading strategy, one is left with chanting and amulets. Those are not likely to be helpful.