Book Club - Trading in the Zone June 2022

[Dan F 73]

Here is the survey for easy access see you all Thursday

Attitude Survey
1.    To make money as a trader you have to know what the market is going to do next.
Agree    Disagree
2.    Sometimes I find myself thinking that there must be a way to trade without having to take a loss.
Agree    Disagree
3.    Making money as a trader is primarily a function of analysis.
Agree    Disagree
4.    Losses are an unavoidable component of trading.
Agree    Disagree
5.    My risk is always a cost associated with finding out what the market may do next.
Agree    Disagree
6.    In my mind there is aways a cost associated with finding out what the market may do next.
Agree    Disagree
7.    I wouldn’t even bother putting on the next trade if I wasn’t sure that it was going to be a winner.
Agree    Disagree
8.    The more a trader learns about the markets and how they behave, the easier it will be for him to execute his trade.
Agree    Disagree
9.    My methodology tells me exactly under what market conditions to either enter or exit a trade.
Agree    Disagree
10.    Even when I have a clear signal to reverse my position, I find it extremely difficult to do.
Agree    Disagree
11.    I have sustained periods of consistent access usually followed by some fairly drastic draw-down in my equity.
Agree    Disagree
12.    When I first started trading, I would describe my trading methodology as haphazard, meaning some success in between a lot of pain.
Agree    Disagree
13.    I often find myself feeling that the markets are against me personally.
Agree    Disagree
14.    As much as I might try to “let go” I find it very difficult to put past emotional wounds behind me.
Agree    Disagree
15.    I have a money management philosophy that is founded in the principle of always taking some money out of the market when the market makes it available.
Agree    Disagree
16.    A trader’s job is to identify patterns in the markets’ behavior that represent an opportunity and then to determine the risk of finding out if a patterns will play themselves out as they have in the past.
Agree    Disagree
17.    Sometimes I just can’t help feeling that I am a victim of the market.
Agree    Disagree
18.    When I trade I usually try stay focus in one time frame.
Agree    Disagree
19.    Trading successfully requires a degree of mental flexibility far beyond the scope of most people
Agree    Disagree
20.    There are times when I can definitely feel the flow of the market: however, I often have difficulty acting on these feelings.
Agree    Disagree
21.    There are many times I am a profitable trader and I know the move is basically over, but I still won’t take my profits.
Agree    Disagree
22.    No matter how much money I make in a trade, I am rarely ever satisfied and feel that I could have made more.
Agree    Disagree
23.    When I put on a trade, I feel I have a positive attitude. I anticipate all of the money I could make from the trade is a positive way.
Agree    Disagree
24.    The most important component in a trader’s ability to accumulate money over time is have a belief in his own consistency.
Agree    Disagree
25.    If you were granted a wish to be able to instantaneously acquire one trading skill, what skill would you choose?

26.    I often spend sleepless nights worrying about the market.
Agree    Disagree
27.    Do you ever feel compelled to make a trade because you are afraid that you might miss out?
Yes    No
28.    Although it doesn’t happen very often, I really like my traders to be perfect. When I make a prefect call it feels so good that it makes up for all the times that I don’t.
Agree    Disagree
29.    Do you ever find yourself planning trades you never execute, and exciting trades you never planned?
Yes    No
30.    In a few sentences explain why most traders either don’t make money or aren’t able to keep what they make.

 

[Miguel Angel 65]

3 hours ago, Dan F said:

Here is the survey for easy access see you all Thursday

Attitude Survey
1.    To make money as a trader you have to know what the market is going to do next.
Agree    Disagree
2.    Sometimes I find myself thinking that there must be a way to trade without having to take a loss.
Agree    Disagree
3.    Making money as a trader is primarily a function of analysis.
Agree    Disagree
4.    Losses are an unavoidable component of trading.
Agree    Disagree
5.    My risk is always a cost associated with finding out what the market may do next.
Agree    Disagree
6.    In my mind there is aways a cost associated with finding out what the market may do next.
Agree    Disagree
7.    I wouldn’t even bother putting on the next trade if I wasn’t sure that it was going to be a winner.
Agree    Disagree
8.    The more a trader learns about the markets and how they behave, the easier it will be for him to execute his trade.
Agree    Disagree
9.    My methodology tells me exactly under what market conditions to either enter or exit a trade.
Agree    Disagree
10.    Even when I have a clear signal to reverse my position, I find it extremely difficult to do.
Agree    Disagree
11.    I have sustained periods of consistent access usually followed by some fairly drastic draw-down in my equity.
Agree    Disagree
12.    When I first started trading, I would describe my trading methodology as haphazard, meaning some success in between a lot of pain.
Agree    Disagree
13.    I often find myself feeling that the markets are against me personally.
Agree    Disagree
14.    As much as I might try to “let go” I find it very difficult to put past emotional wounds behind me.
Agree    Disagree
15.    I have a money management philosophy that is founded in the principle of always taking some money out of the market when the market makes it available.
Agree    Disagree
16.    A trader’s job is to identify patterns in the markets’ behavior that represent an opportunity and then to determine the risk of finding out if a patterns will play themselves out as they have in the past.
Agree    Disagree
17.    Sometimes I just can’t help feeling that I am a victim of the market.
Agree    Disagree
18.    When I trade I usually try stay focus in one time frame.
Agree    Disagree
19.    Trading successfully requires a degree of mental flexibility far beyond the scope of most people
Agree    Disagree
20.    There are times when I can definitely feel the flow of the market: however, I often have difficulty acting on these feelings.
Agree    Disagree
21.    There are many times I am a profitable trader and I know the move is basically over, but I still won’t take my profits.
Agree    Disagree
22.    No matter how much money I make in a trade, I am rarely ever satisfied and feel that I could have made more.
Agree    Disagree
23.    When I put on a trade, I feel I have a positive attitude. I anticipate all of the money I could make from the trade is a positive way.
Agree    Disagree
24.    The most important component in a trader’s ability to accumulate money over time is have a belief in his own consistency.
Agree    Disagree
25.    If you were granted a wish to be able to instantaneously acquire one trading skill, what skill would you choose?

26.    I often spend sleepless nights worrying about the market.
Agree    Disagree
27.    Do you ever feel compelled to make a trade because you are afraid that you might miss out?
Yes    No
28.    Although it doesn’t happen very often, I really like my traders to be perfect. When I make a prefect call it feels so good that it makes up for all the times that I don’t.
Agree    Disagree
29.    Do you ever find yourself planning trades you never execute, and exciting trades you never planned?
Yes    No
30.    In a few sentences explain why most traders either don’t make money or aren’t able to keep what they make.

 

Thanks for posting the survey!

[Susan 111]

Book Club Update:

Thank you all for coming together and learning together!  I enjoyed getting to know you better & have truly grown from the experience.  As we discussed today, we will take a short break before we ramp up for more trading psych learning.  Here is the survey below... Feel free to post answers on the Forum or send me privately at [email protected].  

 

1. What book would you like to read next (all great reviews)?

A) The Disciplined Trader  B) The Power of Habits   C) The Daily Trading Coach

 

2. Would you like to review the book on the Forum and then in book club each week; with the exception of the last week of each month we will review our personal trades and any psych issues?

Yes or No (if No this means we just stick to book and same format as before)

 

3. Can you make Thursdays at 12pm ET work?  If not; please send a few times so I can coordinate best for majority's schedule.

 

Please send me responses by Halloween!!!  I will tally them up and let you know what book was selected so you can order it and we can get going again in November.  Trick or treat traders:)!!

[Miguel Angel 65]

33 minutes ago, Susan said:

Book Club Update:

Thank you all for coming together and learning together!  I enjoyed getting to know you better & have truly grown from the experience.  As we discussed today, we will take a short break before we ramp up for more trading psych learning.  Here is the survey below... Feel free to post answers on the Forum or send me privately at [email protected].  

 

1. What book would you like to read next (all great reviews)?

A) The Disciplined Trader  B) The Power of Habits   C) The Daily Trading Coach

 

2. Would you like to review the book on the Forum and then in book club each week; with the exception of the last week of each month we will review our personal trades and any psych issues?

Yes or No (if No this means we just stick to book and same format as before)

 

3. Can you make Thursdays at 12pm ET work?  If not; please send a few times so I can coordinate best for majority's schedule.

 

Please send me responses by Halloween!!!  I will tally them up and let you know what book was selected so you can order it and we can get going again in November.  Trick or treat traders:)!!

Sorry I missed today's session. I was under the weather after receiving a COVID-19 booster shot. Thank you for everything you have done to get this book club going and I can't wait to start on the next book we choose.

1. What book would you like to read next (all great reviews)? C) The Daily Trading Coach

2. Would you like to review the book on the Forum and then in book club each week; with the exception of the last week of each month we will review our personal trades and any psych issues? Yes

3. Can you make Thursdays at 12pm ET work? Yes

[Dan F 73]

1. What book would you like to read next (all great reviews)?

1st pick The Disciplined Trader  2nd The Power of Habits   2nd The Daily Trading Coach

 

2. Would you like to review the book on the Forum and then in book club each week; with the exception of the last week of each month we will review our personal trades and any psych issues? yeah sure see how it goes

Yes or No (if No this means we just stick to book and same format as before)

 

3. Can you make Thursdays at 12pm ET work?  If not; please send a few times so I can coordinate best for majority's schedule. Yes

[DollarBill 21]

On 10/20/2022 at 1:00 PM, Susan said:

Book Club Update:

Thank you all for coming together and learning together!  I enjoyed getting to know you better & have truly grown from the experience.  As we discussed today, we will take a short break before we ramp up for more trading psych learning.  Here is the survey below... Feel free to post answers on the Forum or send me privately at [email protected].  

 

1. What book would you like to read next (all great reviews)?

A) The Disciplined Trader  B) The Power of Habits   C) The Daily Trading Coach

 

2. Would you like to review the book on the Forum and then in book club each week; with the exception of the last week of each month we will review our personal trades and any psych issues?

Yes or No (if No this means we just stick to book and same format as before)

 

3. Can you make Thursdays at 12pm ET work?  If not; please send a few times so I can coordinate best for majority's schedule.

Thursday after 12pm is fine for me.

Please send me responses by Halloween!!!  I will tally them up and let you know what book was selected so you can order it and we can get going again in November.  Trick or treat traders:)!!

 

[Norma 33]

1. What book would you like to read next (all great reviews)?

A) The Disciplined Trader - First Choice

B) The Power of Habits – Second Choice

C) The Daily Trading Coach – Second Choice

2. Would you like to review the book on the Forum and then in book club each week; with the exception of the last week of each month we will review our personal trades and any psych issues? Yes

 3. Can you make Thursdays at 12pm ET work?  Yes

 

[flyingalaska 1]

1. What book would you like to read next (all great reviews)?

A) The Disciplined Trader  B) The Power of Habits   C) The Daily Trading Coach  My choice:  A) The Disciplined Trader

 

2. Would you like to review the book on the Forum and then in book club each week; with the exception of the last week of each month we will review our personal trades and any psych issues?

Yes or No (if No this means we just stick to book and same format as before)  Yes that sounds great!

 

3. Can you make Thursdays at 12pm ET work?  If not; please send a few times so I can coordinate best for majority's schedule.  Yes

 

Please send me responses by Halloween!!!  I will tally them up and let you know what book was selected so you can order it and we can get going again in November.  Trick or treat traders:)!!

 

Thank you Susan for your leadership and facilitation!

[Susan 111]

Thanks for the responses so far!  I have read since we spoke some of The Daily Trading Coach & Disciplined Trader...both seem spot on & that they will be powerful to add into our Trading Psych.  Please tell friends in chat rooms or however you chat to vote.  We will give a few more days and then make decision so you have time to order/read/plan:)!  @flyingalaska  @Dan F   @Norma   @DollarBill   @Miguel Angel

[Marco 22]

Hi Susan. Thanks for doing this book club even When I could not join every meeting and even when I am not so aktiv in discussing. But anyway I like it. So thank you very much!

Here is my response:

1. What book would you like to read next (all great reviews)?

 1) The Power of Habits   2) The Daily Trading Coach

 

2. Would you like to review the book on the Forum and then in book club each week; with the exception of the last week of each month we will review our personal trades and any psych issues?

Yes

 

3. Can you make Thursdays at 12pm ET work?  If not; please send a few times so I can coordinate best for majority's schedule.

12 pm works for me. Every day.

[Infinity ♾️ assets 0]

1. What book would you like to read next (all great reviews)?

A) The Disciplined Trader  B) The Power of Habits   C) The Daily Trading Coach

 

2. Would you like to review the book on the Forum and then in book club each week; with the exception of the last week of each month we will review our personal trades and any psych issues?

Yes or No (if No this means we just stick to book and same format as before)

 

3. Can you make Thursdays at 12pm ET work?  If not; please send a few times so I can coordinate best for majority's schedule.

 

Please send me responses by Halloween!!!  I will tally them up and let you know what book was selected so you can order it and we can get going again in November.  Trick or treat traders:)!!

 

1. What book would you like to read next (all great reviews)? C) The Daily Trading Coach

2. Would you like to review the book on the Forum and then in book club each week; with the exception of the last week of each month we will review our personal trades and any psych issues? Yes

3. Can you make Thursdays at 12pm ET work? Yes

[Susan 111]

Hi everyone - majority rules so lets all purchase Mark Douglas's Disciplined Trader!  We will meet each Thursday at 12pm ET beginning November 17th.  We will try to keep meetings to 40 minutes.  On November 17 lets take a few minutes to meet each other and welcome any new members, review what we will do in the book club & review the "Foreword & Preface" sections which are actually good quick reads.  I have started the book already and it is great.  I am sure we will all learn & grow through the experience.  Please order your books and highlight the parts in the "Preface & Forward" that stick out the most for you so we can review them together.  Look forward to chatting again soon!

[Susan 111]

PS - same link as before and here it is! 

Susan Rizzi has invited you to join a video meeting on Google Meet.

meet.google.com/sat-khuv-rbh

 

[Dan F 73]

Chapter 1

 

W- If you have not now realized that in trading, there is a caveat that traders must deal with. This is that the more that you understand about trading the more you emotionally invested you can be with every tick a stock makes.

A- As Mark conveys in both books trading is one profession where being caring less can be a good thing

A- Caring too much is something that I am really trying to put to bed in my trading career. What I need to put more work into is not watching the screen like a hawk. The way that I am going to do that is to put in my stops and, 1. Get up from my desk, or 2. Work on something else immediately after setting my stop in and work for 5 minutes.

 

**For those without the book still the Kindle/Kindle app both should have the first chapter in the book sample**

Edited November 29, 2022 by Dan F

[Jonathan DAS Support 0]

https://www.tiktok.com/@q28stocks?lang=en

[email protected]

looking for $280 per person minimum 28572 people must signup for it released

or $28572 per person with only 280 people knowing about it. whatever works, i wont release the secret for anything less than 8M