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078: Jack Schwager – The Making of Market Wizards, and Wisdom From Elite Traders

Chat With Traders

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Why Most Traders Fail

Most traders fail because they don't pay enough attention to risk management. Human nature is so poorly attuned to trading that most people will do worse than random. Bill Eckhart: We as humans have evolved, we have characteristics that are not only poorly suited to trading, but are adversely suited to trading.

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