Will I love Market Wizards?

There are quite a few titles in the Market Wizards book collection, but my personal favorite is still the first of the series. In the book, Jack interviews different successful traders and investors. You’ll get to learn the basics of what they did (I personally know of one reader who started a successful hedge fund after reading one chapter of this book), but more importantly, you will be able to understand and explore the mindset of winning traders. Reading this book will help you mimic the behavior of some of the great traders of our time.

Do you ever wish you could sit down with the greatest traders in the world and ask them how they trade? Jack Schwager did just that. This book features an all-star cast from William O’Neil, David Ryan to Paul Tudor Jones. It is just an unbelievable read. The interview with Ed Seykota is probably the most quoted as Seykota’s answers are not only thought-provoking but also insightful.   

When I was learning to develop positive expectancy trading models, the interviews in this book gave me hope that all those long hours of research would not be in vain, that successful speculative trading was possible. In particular, the interview with Larry Hite gave me a paradigm for understanding how to manage the risk that I still use today (over thirty years later).