One Trading Book per Day Market Wizards: Interviews with Top Traders by Jack D. Schwager
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Oct 31, 2023 Listen to Jack D. Schwager, Author of Market Wizards: Interviews with Top Traders, as he discusses risk management strategies, variant perception, psychological aspects, mechanical systems, and flexibility in trading. Gain valuable insights from successful traders in the book, including adaptability, technical analysis, mindset, perseverance, and the value of learning from top traders.
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Build And Follow A Trading Plan
- Develop a clear trading plan and follow it consistently.
- Discipline beats talent when you stick to your rules over time.
Protect Capital First
- Limit position size and cut losses quickly to protect capital.
- Use stop losses, assess risk-reward, and stay flexible in changing markets.
Profit From Correct Contrarian Views
- Successful trades often come from a correct view that differs from consensus.
- Variant perception works only when your contrarian view proves right.