Customer Review

1 of 1 people found the following review helpful
4.0 out of 5 stars Good book if you like to read interviews..., March 6 2004
This review is from: New Market Wizards The (Paperback)
What is this book?
Jack D. Schwager interviewed some of the best traders in 1992 and compiled edited transcripts in this compelling book.
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Who is interviewed?
From the currency market: Bill Lipschutz .
In Futures: Randy McKay, William Eckhardt, The Turtles, Monroe Trout and Al Weiss.
Various market times and fund managers: Stanley Druckenmiller, Richard Driehaus, Gil Blake and Victor Sperandeo.
Traders who play several markets: Tom Basso and Linda Bradford Raschke
"The Money Machines" such as: CRT (Chicago Research and Trading), Mark Ritchie, Joe Ritchie, Blair Hull and Jeff Yass.
Psyschology: Zen and the art of trading (person didn't want his name mentioned), Charles Faulkner, Robert Krausz.
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I didn't recognize many of those names, probably because of these reasons:
* The book was written in 1992.
* I'm not into really into trading.
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Nevertheless I think the book is a great learning experience. You won't learn how to trade from this book but it gives you insight into the trader's psyche. I like learning about people who have been successful, (think Leader's & Success page, of IBD) since I feel it motivates me to learn more and work harder towards reaching my goals.
My favorite chapter in this book is entitled "Closing Bell" and it is a recap of all lots of trading advice mentioned over and over by these trading experts. I feel reviewing this chapter over and over is worth the price of the book.
Reed Floren
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