oter
Audio available in app

Treat trading as a business, not a game from "summary" of Trading in the Zone by Mark Douglas

Trading is not a game; it is a serious business that requires a strategic mindset and disciplined approach. Just like any other business, trading involves risks and uncertainties that must be carefully managed. Traders who treat trading as a game are likely to make emotional decisions based on impulses rather than logic. When you approach trading as a business, you are more likely to have a clear plan and defined goals. You will understand that success in trading is not about luck or intuition, but about following a well-thought-out strategy and sticking to it. By treating trading as a business, you are more likely to take a sys...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Seek guidance from trusted mentors and advisors
    Seek guidance from trusted mentors and advisors
    When navigating the complex world of investing, it is crucial to seek guidance from those who have experience and knowledge in ...
    Be patient and wait for the right opportunities
    Be patient and wait for the right opportunities
    The concept of waiting for the right opportunities is a fundamental aspect of successful trading. Many traders fall into the tr...
    Don't try to time the market
    Don't try to time the market
    Timing the market is an alluring but ultimately misguided endeavor. It's natural for investors to want to predict the perfect m...
    Risk management techniques protect capital from unforeseen market events
    Risk management techniques protect capital from unforeseen market events
    Effective capital preservation is paramount in trading, where markets can be unpredictable and volatile. The implementation of ...
    Understand the difference between investing and speculation
    Understand the difference between investing and speculation
    Investing and speculation are often used interchangeably in the financial world, but they are actually two very different activ...
    Patience is key in successful trading
    Patience is key in successful trading
    Trading successfully requires a level of patience that most people simply do not possess. It is not about making quick decision...
    Focus on the longterm intrinsic value of your investments
    Focus on the longterm intrinsic value of your investments
    When it comes to investing, it is essential to focus on the long-term intrinsic value of your investments. This means looking b...
    Stay upto-date with market news and events that can impact stock prices
    Stay upto-date with market news and events that can impact stock prices
    It is essential to keep yourself well-informed about the latest market news and events that could potentially influence stock p...
    Continuously improve your investment strategy
    Continuously improve your investment strategy
    To succeed in the world of investing, one must always be striving to enhance their strategy. This is not a one-time task, but r...
    Patience is key when waiting for optimal entry and exit points
    Patience is key when waiting for optimal entry and exit points
    Successful trading hinges on the ability to recognize and act upon the right moments in the market. Rushing into trades often l...
    oter

    Trading in the Zone

    Mark Douglas

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.