Book notes: Trading in the zone

I very much enjoyed this book. Awesome insights, but there is a bad news… Trading is too much correlated with self confidence and self mastery. I have personal issues with that at this time, so it is something I really need to improve. For that very same reason I will continue on my previous research on algorithmic trading for the time being.

Objectives #

• To prove that the solution is not better analysis
• Attitude and state of mind = results
• Provide the right attitudes = think in probabilities
• Address conflicts in the way of thinking
• Integrate this way of thinking in a functional level

I am a consistent winner because: (7 must have to be a consistent winner) #

• I objectively identify my edges
• I pre-define the risk of every trade
• I completely accept the risk, or let go the trade
• I act on my edges without hesitation
• I pay myself as the market makes money available to me
• I continue to monitor my susceptibility to make errors (being aware)
• I never violate these principles