Explanation of Chapter Six – Thinking Like a Trader – from the book "Trading in the Zone" by Mark Douglas:

Most traders think like gamblers, while successful ones think like professional traders.

Thinking like a trader means:

Treating trading as a disciplined business rather than an adventure.

Focusing on the process and not just the outcome.

Accepting that losses are a natural part of the game, just like any other business cost.

A trade is not a proof of your intelligence or worth; it is merely one opportunity in a repeated series.

A successful trader has a clear plan that includes:

Rules for entering and exiting trades.

Strict capital management.

Discipline to execute the rules without emotion.

✅ The most important skill is the ability to remain neutral and not get swept away by fear or greed.

Success does not come from accurately predicting the market, but from consistency and discipline over a large number of trades.

In summary: Think like a professional trader, focus on discipline and risk management, and let the market move as it wishes.

To be continued....

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