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4.5 out of 5 stars
The New Market Wizards: Conversations with America's Top Traders
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Through a series of interviews, Jack Schwager introduces the readers to traders he deems to be Market Wizards. He talks to people trading in different markets, employing different methodologies, and exhibiting different strengths and weaknesses. In spite of the differences, Schwager identifies some commonalities. Schwager sums up the book by offering his takeaways for being a successful trader. Some of them are quite obvious (e.g. have a passion for trading and examine your reasons for trading, have an edge) while other are more subtle (e.g. match your trading style with your personality, have a method).
Having attended a lecture given by him, Schwager will be first to tell you how he had to modify his trading style and methodology to a quantitatively-driven one. Before the change, he felt that he lacked the discipline to exit his positions subjectively.
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on June 20, 1999
If you haven't read "Market Wizards" (the first book), go ahead and get that first. The caliber of traders is not as impressive, and there is very little new information to be learned. Still a good book nonetheless.
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