Little Book of Market Wizards: Lessons from the Greatest Traders

"Whether you're an active trader, or simply want a better understanding of how to succeed in today's markets, you'll benefit from the wisdom and insight renowned "Traders' Hall of Fame" award winner. Now, Jack Schwager hands you the strategies of the most sought after traders. Through his bestselling Market Wizards books, Schwager has probed the minds of the world's most respected investors, studying their personal traits and learning the secret techniques that have turned them into investment role models. Now a professional investor and successful fund manager in his own right, Schwager shares his own secrets, along with those of his prominent "Wizards." This book will enable you to master the fine art of trading as you discover and apply the key methods and traits shared by the world's most acclaimed traders. Find critical, yet often overlooked factors for understanding: * How to avoid losing faith during down markets, and confidently pull profits in any market condition * The dangers of overtrading--how to react when no position is the right position * The value of "self-analysis" for finding a trading method that fits your personality and goals * The real risk in volatility * How to develop the habit of "disloyalty" * Why you MUST learn how to change directions--and how to do it quickly Plus, the keys to developing discipline, good money management skills, and avoiding the risks inherent in second-guessing your own system--all learned from the Market Wizards themselves and revealed here for you"--
Explains how to apply the methods and traits of high-level, successful traders in investment strategies, describing how to stay positive in down markets, the dangers of overtrading, and how to conduct a self-analysis to find the best personal trading method.
Explains how to apply the methods and traits of high-level, successful traders in your own investment strategies, describing how to stay positive in down markets, the dangers of overtrading and how to conduct a self-analysis to find the best personal trading method.
An accessible look at the art of investing and how to adopt the practices of top professionalsWhat differentiates the highly successful market practitioners—the Market Wizards—from ordinary traders? What traits do they share? What lessons can the average trader learn from those who achieved superior returns for decades while still maintaining strict risk control? Jack Schwager has spent the past 25 years interviewing the market legends in search of the answers—a quest chronicled in four prior Market Wizards volumes totaling nearly 2,000 pages.In The Little Book of Market Wizards, Jack Schwager seeks to distill what he considers the essential lessons he learned in conducting nearly four dozen interviews with some of the world's best traders. The book delves into the mindset and processes of highly successful traders, providing insights that all traders should find helpful in improving their trading skills and results.Each chapter focuses on a specific theme essential to market successDescribes how all market participants can benefit by incorporating the related traits, behaviors, and philosophies of the Market Wizards in their own tradingFilled with compelling anecdotes that bring the trading messages to life, and direct quotes from the market greats that resonate with the wisdom born of experience and skillStepping clearly outside the narrow confines of most investment books, The Little Book of Market Wizards focuses on the value of understanding one's self within the context of successful investing.