Product Description
THE NEW MARKET WIZARDS
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.