{"id":2637,"date":"2020-02-04T10:04:33","date_gmt":"2020-02-04T18:04:33","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2637"},"modified":"2020-02-04T15:51:58","modified_gmt":"2020-02-04T23:51:58","slug":"trading-in-the-zone","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/trading-in-the-zone\/","title":{"rendered":"Ep 133: SteadyTrade Book Club \u2014 \u201cTrading in the Zone\u201d"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%;\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-133\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p>It\u2019s that time again \u2026 get ready for the latest installment of the SteadyTrade Book Club!<\/p>\n<p><span style=\"font-weight: 400;\">Host Tim Bohen is stuck in cold-as-heck Michigan. Pretty much all he can do this time of year is read \u2026 But even in warmer climes co-hosts Kim and Curtin and Stephen Johnson made time for the latest book.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This month, they\u2019re discussing one of Stephen\u2019s picks: <\/span><a href=\"https:\/\/www.amazon.com\/gp\/product\/0735201447\/ref=as_li_qf_asin_il_tl?ie=UTF8&amp;tag=stockstotrade-20&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=0735201447&amp;linkId=57f32188c4ac1f08610203c6011fc7f2\"><span style=\"font-weight: 400;\">\u201cTrading in the Zone\u201d<\/span><\/a><span style=\"font-weight: 400;\"> by Mark Douglas.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read along with the crew \u2013\u2013 and share your thoughts! Leave a comment below or tag us on social media using the hashtag <\/span><b>#steadytradebooks<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t miss the previous book club episodes <\/span><a href=\"https:\/\/www.steadytrade.com\/trading-coach\/\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.steadytrade.com\/steadytrade-book-club\/\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">. Find the full schedule and synopsis for each book <\/span><a href=\"https:\/\/www.steadytrade.com\/book-club\/\"><span style=\"font-weight: 400;\">in this episode<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">[As an Amazon Associate, we earn from qualifying purchases.]<\/span><\/i><\/p>\n<h2><span style=\"font-weight: 400;\">About the Book<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">This month, we\u2019re reading Stephen\u2019s pick, \u201c<\/span><a href=\"https:\/\/www.amazon.com\/gp\/product\/0735201447\/ref=as_li_qf_asin_il_tl?ie=UTF8&amp;tag=stockstotrade-20&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=0735201447&amp;linkId=57f32188c4ac1f08610203c6011fc7f2\"><span style=\"font-weight: 400;\">Trading in the Zone<\/span><\/a><span style=\"font-weight: 400;\">\u201d by Mark Douglas.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen chose it because it focuses on a topic that\u2019s near and dear to his heart: the right mindset for successful trading. It\u2019s a book about trading psychology&#8230;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2026 why you do what you do when trading&#8230;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8230; and how to get out of your own way on your journey to smarter trading.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most things you learn in life can be contrary to what you need to be a successful trader. So to overcome these deeply ingrained ideas, you have to deconstruct and reconstruct your mind.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This book can help you do the hard work. It offers great tips for working on your psychology and improving over time.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">The SteadyTrade Review\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The whole SteadyTrade crew agrees: this book is well worth your time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim loves his chart patterns \u2014 but acknowledges that so much of trading is \u201cin the head.\u201d This book helps break down the how and why of so many common behaviors that hold traders back!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kim praises the book for its incredible lessons, not just for traders but for anyone who wants to be a better human. If you constantly feel triggered and react without thinking, you\u2019ll have losses and make mistakes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This book can help you face and combat your personal points of resistance to keep improving.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For Kim, this book is a great companion to another book she loves &#8230; It\u2019s also an upcoming book club pick: <\/span><a href=\"https:\/\/amzn.to\/2SrDDF9\"><span style=\"font-weight: 400;\">\u201cThe Inner Voice of Trading: Eliminate the Noise, and Profit from the Strategies That Are Right for You\u201d<\/span><\/a> <span style=\"font-weight: 400;\">by Michael Martin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen\u2019s praises are shining as well \u2026 Even though he doesn\u2019t identify as a reader, this book drew him in and deeply affected him. Tune in to hear his full review!<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Zero Barriers = Potential for Big Trouble\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One of the biggest issues with trading? There are zero barriers. You don\u2019t need a diploma. Technically, you don\u2019t even need to understand how stocks work.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Brokers are happy to take your money even if you have no freaking idea what you\u2019re doing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t fool yourself: you WILL be triggered. You can\u2019t shut off your emotions. But the hosts agree, reading this book can help you understand that. And you can work on improving.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Listen in for a discussion of how and why it\u2019s so important to acknowledge your emotions. Learn to work with them so you can make smarter trading decisions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It just might help prevent you from blowing up your account &#8230; Yeah, it\u2019s that important.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Perceive What the Market Is Offering<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Here\u2019s one big idea covered in the book &#8230; You must \u201cperceive what the market is offering, from its perspective.\u201d But Kim wants to know what that means, exactly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim and Stephen break down what it means to them \u2026 and how it\u2019s so important to go with the market rather than trying to defy it. Can you listen to what the market is telling you?\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Restraint Is Your Friend\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Another big topic of discussion? Restraint is a good thing in trading. Remember what Mike Tyson once said, <\/span><i><span style=\"font-weight: 400;\">\u201cEverybody has a plan until they get punched in the mouth.&#8221;<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Once you\u2019re in the trade, nothing matters \u2026 it\u2019s just you and the price action. So it\u2019s worth doing your homework BEFORE you get in the trade.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trading isn\u2019t simple. But it can get easier the more you do your homework. Listen in to learn how to prepare.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Ready, Set, Read!\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Wanna follow along with the crew? Here\u2019s what we\u2019ve read already:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/amzn.to\/2tqPLh5\"><span style=\"font-weight: 400;\">\u201cThe Hour Between Dog and Wolf: How Risk Taking Transforms Us, Body and Mind\u201d<\/span><\/a><span style=\"font-weight: 400;\"> by John Coates.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/amzn.to\/2GQLjet\"><span style=\"font-weight: 400;\">\u201cThe Daily Trading Coach\u201d<\/span><\/a><span style=\"font-weight: 400;\"> by Brett Steenbarger<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you want to join the club, grab next month\u2019s book: <\/span><a href=\"https:\/\/amzn.to\/2UnDCVk\"><span style=\"font-weight: 400;\">\u201cTechnical Analysis Using Multiple Timeframes\u201d<\/span><\/a><span style=\"font-weight: 400;\"> by Brian Shannon.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you have questions or comments, please reach out! Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Send questions via the <\/span><a href=\"https:\/\/www.steadytrade.com\/\"><span style=\"font-weight: 400;\">SteadyTrade<\/span><\/a><span style=\"font-weight: 400;\"> website, <\/span><a href=\"https:\/\/www.youtube.com\/channel\/UC5pPaJfbfRHQ1msJ4bSj_dQ\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">, or by <\/span><a href=\"mailto:admin@steadytrade.com\"><span style=\"font-weight: 400;\">email<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Are you a fan of this series? We\u2019d appreciate your review of us on <\/span><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><span style=\"font-weight: 400;\">iTunes<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s that time again \u2026 get ready for the latest installment of the SteadyTrade Book Club! Host Tim Bohen is stuck in cold-as-heck Michigan. Pretty much all he can do this time of year is read \u2026 But even in warmer climes co-hosts Kim and Curtin and Stephen Johnson made time for the latest book. [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ep 133: SteadyTrade Book Club \u2014 \u201cTrading in the Zone\u201d - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"Co-hosts Kim and Curtin and Stephen Johnson discuss a hot trading book to read, \u201cTrading in the Zone\u201d by Mark Douglas in another SteadyTrade book club.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steadytrade.com\/trading-in-the-zone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ep 133: SteadyTrade Book Club \u2014 \u201cTrading in the Zone\u201d - 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