Trading in the Zone

Wealth Wednesdays 

This book has been recommended to me by more than one of my mentors over the past few years. Having read it, I agree it is invaluable. 

Being a successful trader means accepting winning and losing trades, and for those with a fear of failure (like me) this isn't always easy to accept. 

Not to sound all philosophical, but so much of trading is about balance. You accept the balance between winning and losing trades, have to keep your emotions balanced, have to balance your risk management and you must have a balanced portfolio at any given time (i.e. having short and long trades, in similar forex pairs or within the same market if you are trading stocks). A balanced portfolio is critical - if a sudden political announcement was made and all your long trades went short, you would want a few trades that were short and therefore save your account. 

Trading in the zone, writes about trading psychology and maintaining this balance much more succinctly than me. Definitely worth a read. 

Check out the first few pages free at https://amzn.to/2XziJUN