New Market
Wizards: Conversations with America's Top Traders by Jack D. Schwager
In
one of the most popular finance books ever written, Jack Schwager
introduces us to some of today's most successful and fascinating
supertraders. Get the story behind Stan
Drukenmiller who runs Soros' Quantum Fund. Meet Bill Lipschutz , the
former architect who became Salomon Brothers' most successful currency
trader. Trace the fascinating roots of the now legendary circle of
traders known as the Turtles. An much more.
How do the world’s top traders make millions of dollars in the markets
sometimes in a matter of only weeks or even days? That’s precisely the
question Jack Schwager was trying to answer when he interviewed 17
superstar money-makers including Richard Dennis, Paul Tudor Jones, Ed
Seykota, Marty Schwartz, Tom Baldwin and others. After reading this
best-selling book, you’ll know what ingredients enable these top
traders to consistently work their financial magic in the markets while
so many others walk away losers. One of the top-selling trading books of
all-time!
This fascinating follow-up to Schwager’s acclaimed bestseller is
packed with more compelling interviews with some of the world’s
richest traders. You’ll get an inside look at the rules, strategies
and systems used by superstar traders such as William Eckhardt, Monroe
Trout, Linda Bradford Raschke and 14 others. You’ll learn the secrets
that rocketed these multi-millionaire traders to success, as well as the
embarrassing losses that have proven them all too human.
CONTENTS
Preface xi
Acknowledgments xiii
Prologue xv
PART I Trading Perspectives
Misadventures in Trading 3
Hussein Makes a Bad Trade 11
PART II The World's Biggest Market
Bill Lipschutz: The Sultan of Currencies 17
PART III Futures-The Variety-Pack Market
Futures-Understanding the Basics 71
Randy McKay: Veteran Trader 74
William Eckhardt: The Mathematician 103
The Silence of the Turtles 137
Monroe Trout: The Best Return That Low Risk Can Buy 149
Al Weiss: The Human Chart Encyclopedia 177
PART IV Fund Managers and Timers
Stanley Druckenmiller: The Art of Top-Down Investing 187
Richard Driehaus: The Art of Bottom-Up Investing 211
Gil Blake: The Master of Consistency 230
Victor Sperandeo: Markets Grow Old Too 251
PART V Multiple-Market Players
Tom Basso: Mr. Serenity 279
Linda Bradford Raschke: Reading the Music of the Markets 294
PART VI The Money Machines
CRT: The Trading Machine 313
Mark Ritchie: God in the Pits 318
Joe Ritchie: The Intuitive Theoretician 342
Blair Hull: Getting the Edge 363
Jeff Yass: The Mathematics of Strategy 390
PART VII The Psychology of Trading
Zen and the Art of Trading 411
Charles Faulkner: The Mind of an Achiever 414
Robert Krausz :The Role of the Subconscious 439
PART VIII Closing Bell
Market Wiz(ar)dom 461
A Personal Reflection 479
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