V. 11:13 (543-544): Quick-Scans: THE NEW MARKET WIZARDS

V. 11:13 (543-544): Quick-Scans: THE NEW MARKET WIZARDS
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Conversations with America's Top Traders

HarperCollins Publishers

10 East 53rd Street

New York, NY 10022-5299

Order line: 212 207-7603 or 800 242-7737

Author: Jack D. Schwager

Published 1992, 493 pages, $22.50

The secrets of the masters are, as a rule, a disappointment when revealed, because invariably what the masters consider to be the secret to their success is never what the average seeker of knowledge considers to be the key to succeeding. Instead of their secrets, the masters seem to go on and on about discipline and analysis and perseverance. Where are the secrets? the seeker asks. What do discipline and perseverance have to do with successful trading?

This was true about The Marker Wizards by Jack Schwager, the first work that Schwager wrote that interviewed very successful traders—not necessarily anyone you might have heard of, and in fact, probably much more successful than anyone you would have heard of—and it is also true in this follow-up work. In case you never got around to reading the first work (and if that's true, I suggest you go right out and find a copy and read it right away!), Jack Schwager, longtime Wall Street analyst and author of A Complete Guide to the Futures Markets, crisscrossed the country interviewing top traders about their experiences—how they got started, how they fared, how much they lost before they got it right (and how they took the loss), how they figured it out and, finally, how they did it. Schwager interviewed legendary names: Richard Dennis, Ed Seykota, Paul Tudor Jones and William O'Neil, to name only a few. He also interviewed less legendary but no less successful traders, less well known due to (an understandable) desire for privacy. Schwager also spoke with Van Tharp, a research psychologist who has been connected with STOCKS & COMMODITIES, on the mind of the successful trader.

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