Lessons from the New Market Wizards - Jack Schwager
85 Minutes of a seminar by Jack D. Schwager in 1992, after the release of the New Market Wizards Book.
Whether youre an active trader, or simply want a better understanding of how to succeed in todays markets, youll benefit from the wisdom and insight of renowned Traders Hall of Fame winner, Jack Schwager. Through his best selling Market Wizards books, Schwager has probed the minds of the worlds 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 interviewees, in a powerful presentation.
Youll master the fine art of trading as you discover and apply the key methods and traits shared by the worlds most acclaimed traders. Find critical, yet often overlooked factors for understanding:
How to avoid losing faith during the bad periods
The dangers of overtrading - how to react when NO position is the right position
The importance of self-analysis for finding a trading method that fits your personality and goals
The real risk in volatility: Bailing out on the downswings
How to develop the habit of disloyalty: Why you must learn to change directions - and how to do it quickly
The power of patience: Opportunities are there, but it pays to wait for them
Plus, developing discipline, good money management skills, and avoiding the risks inherent in second-guessing your own system.