The New Market Wizards

The New Market Wizards

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The New Market Wizards

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Description:
The New Market Wizards is a book by Jack D. Schwager published in 1992. The format is very similar to his 1988 Market Wizards, with a new selection of interviews with super-traders.

As in the previous volume, Schwager starts with a frank discussion of his own trading experience, followed by a surprising diversion comparing Saddam Hussein's invasion of Kuwait with a trade that went wrong.

The rest of the book is broken into five parts including interviews with different types of traders and brief discussions of the lessons to be learnt from them, plus a part on trading psychology and a final part summarising the wisdom gained from all of the interviewees in 42 golden rules.

Contents

Part I: Trading perspectives

  • Misadventures in Trading
  • Hussein Makes a Bad Trade


Part II: The World's Biggest Market



Part III: Futures-The Variety-Pack Market



Part IV: Fund Managers and Timers



Part V: Multiple-Market Players



Part VI: The Money Machines



Part VII: The Psychology of Trading



Part VIII: Closing Bell

  • Market Wiz(ar)dom
  • A personal reflection





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