{"product_id":"the-new-market-wizards-isbn-9781592803378","title":"The New Market Wizards","description":"\u003cp\u003e\u003ci\u003eTaps into the minds of today’s trading superstars to reveal the secrets of their astonishing success\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIn these absorbing interviews with star performers in the financial markets, Schwager humanizes the mechanics and psychology behind the trading world in such sophisticated instruments as currencies, stock options, commodity futures, and mutual-fund accounts by individuals, investment firms and group-trading computerized \"money machines.\" One trader focuses on market response to news events, another calculates mathematical probabilities--one even cocks an ear to the noise level on the exchange floor. All rank assiduous research, self-confidence, a specific plan and the courage to cut losses among essentials to success. Few consider their work gambling, but Schwager entertainingly argues that a successful trader needs many of the qualities of a good poker player. Though the subject matter is esoteric, there is much here to attract the general reader, and Schwager appends a \"primer\" of technical basics. \u003c\/p\u003e \u003cp\u003eYou may not know their names, but they are the trading elite—a select group of super-money makers whose trading prowess has become the stuff of legend. They are speculators in everything from stocks and bonds to options and commodity futures who make millions—often in a matter of hours—and leave their peers in the dust. In this enthralling sequel to his international bestseller, Market Wizards, Jack Schwager interviews these stars, asking the questions that everyone with an interest in the financial markets would love know the answers to and receiving the kind of frank, occasionally bewildering answers that make this book as much a page-turner as its predecessor.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eInterviews with spectacular winners across the full spectrum of financial markets, revealing how they do it and what, personally, separates them from the herd\u003c\/li\u003e \u003cli\u003eSuperstar traders describe the financial strategies behind their phenomenal successes, as well as the painfully instructive lessons learned from their worst losses \u003c\/li\u003e \u003cli\u003eReveals that, despite their various quirks and differences, all the biggest winners rank diligent research, self-confidence, a specific plan and the courage to cut losses as the keys to winning big\u003c\/li\u003e \u003cli\u003eThroughout, Schwager provides valuable insight and analysis to help put interviewees responses into perspective, and he provides a technical basics primer at the end of the book\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003ePrologue: The Jademaster xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: Trading Perspectives\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMisadventures in Trading 3\u003c\/p\u003e \u003cp\u003eHussein Makes a Bad Trade 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: The World’s Biggest Market\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBill Lipschutz: The Sultan of Currencies 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: futures—The Variety-Pack Market\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFutures: Understanding the Basics 83\u003c\/p\u003e \u003cp\u003eRandy McKay: Veteran Trader 87\u003c\/p\u003e \u003cp\u003eWilliam Eckhardt: The Mathematician New Market Wizards 121\u003c\/p\u003e \u003cp\u003eThe Silence of the Turtles 161\u003c\/p\u003e \u003cp\u003eMonroe Trout: The Best Return That Low Risk Can Buy 175\u003c\/p\u003e \u003cp\u003eAl Weiss: The Human Chart Encyclopedia 207\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: Fund Managers And Timers\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStanley Druckenmiller: The Art of Top-Down Investing 217\u003c\/p\u003e \u003cp\u003eRichard Driehaus: The Art of Bottom-Up Investing 247\u003c\/p\u003e \u003cp\u003eGil Blake: The Master of Consistency 269\u003c\/p\u003e \u003cp\u003eVictor Sperandeo: Markets Grow Old Too 293\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V: Multiple-Market Players\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTom Basso: Mr. Serenity 327\u003c\/p\u003e \u003cp\u003eLinda Bradford Raschke: Reading the Music of the Markets 345\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VI: The Money Machines\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCRT: The Trading Machine 367\u003c\/p\u003e \u003cp\u003eMark Ritchie: God in the Pits 373\u003c\/p\u003e \u003cp\u003eJoe Ritchie: The Intuitive Theoretician 401\u003c\/p\u003e \u003cp\u003eBlair Hull: Getting the Edge 425\u003c\/p\u003e \u003cp\u003eJeff Yass: The Mathematics of Strategy 455\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VII: The Psychology Of Trading\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eZen and the Art of Trading 481\u003c\/p\u003e \u003cp\u003eCharles Faulkner: The Mind of an Achiever 485\u003c\/p\u003e \u003cp\u003eRobert Krausz: The Role of the Subconscious 517\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VIII: Closing Bell\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMarket Wiz(ar)dom 543\u003c\/p\u003e \u003cp\u003eA Personal Reflection 565\u003c\/p\u003e \u003cp\u003eAppendix 567\u003c\/p\u003e \u003cp\u003eGlossary 573\u003c\/p\u003e \u003cp\u003eTrading Resource Guide 585 \u003c\/p\u003e   \u003cp\u003e\u003cb\u003eJACK SCHWAGER\u003c\/b\u003e is a recognized industry expert on futures and hedge funds and the author of the widely acclaimed \u003ci\u003eMarket Wizards\u003c\/i\u003e and \u003ci\u003eSchwager on Futures\u003c\/i\u003e book series and \u003ci\u003eMarket Sense and Nonsense\u003c\/i\u003e. He is currently the co-portfolio manager for the ADM Investor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. Previously, Mr. Schwager was a partner in the Fortune Group, a London-based hedge fund advisory firm, which specialized in creating customized hedge fund portfolios for institutional clients, and also spent over twenty years as a director of futures research for some of Wall Street's leading firms.     \u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eTaps into the minds of trading superstars to reveal the secrets of their astonishing success\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eYou may not know their names, but they are the trading elite—a select group of super-moneymakers whose trading prowess has become the stuff of legend. They are speculators in everything from stocks and bonds to options and commodity futures who make millions—sometimes in a matter of hours—and leave their peers in the dust. In this enthralling sequel to his international bestseller, \u003ci\u003eMarket Wizards\u003c\/i\u003e, Jack Schwager interviews these stars, asking the questions that everyone with an interest in the financial markets would love to know the answers to and receiving the kind of frank, incisive answers that make this book as much a page-turner as its predecessor. \u003c\/p\u003e\u003cp\u003eIn these absorbing interviews with star performers in the financial markets, Schwager humanizes the mechanics and psychology behind the trading world across a spectrum of financial markets including stocks, futures, currencies, and options by individuals, investment firms, and group-trading computerized \"money machines.\" One trader focuses on market response to news events, another calculates mathematical probabilities—one even cocks an ear to the noise level on the exchange floor. All rank assiduous research, self-confidence, a specific plan, and the courage to cut losses among essentials to success. None consider their trading gambling, but Schwager entertainingly argues that a successful trader needs many of the qualities of a good poker player. Although filled with insights that even professional traders will find valuable, Schwager's text remains entire accessible to the general reader.  \u003c\/p\u003e\u003cli\u003eInterviews with spectacular winners across the full spectrum of financial markets, revealing how they do it and what, personally, separates them from the herd\u003c\/li\u003e \u003cli\u003eSuperstar traders describe the financial strategies behind their phenomenal successes, as well as the painfully instructive lessons learned from their worst losses\u003c\/li\u003e \u003cli\u003eThroughout, Schwager provides valuable insight and analysis to help put interviewees' responses into perspective\u003c\/li\u003e     \u003cp\u003e\u003ci\u003ePraise for\u003c\/i\u003e THE NEW MARKET WIZARDS \u003c\/p\u003e\u003cp\u003e\"Jack Schwager simply writes the best books about trading I've ever read. These interviews always give me a lot to think about. If you like learning about traders and trading, you'll find that reading this book is time well spent.\" —Richard Dennis, President, The Dennis Trading Group, Inc. \u003c\/p\u003e\u003cp\u003e\"Jack Schwager's deep knowledge of the markets and his extensive network of personal contacts throughout the industry have set him apart as the definitive market chronicler of our age.\" —Ed Seykota \u003c\/p\u003e\u003cp\u003e\"Very interesting indeed!\" —John Train, author of \u003ci\u003eThe Money Masters\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\"Successful trading demands longtime experience because it requires firsthand knowledge. If there is a shortcut to this requirement, however, it is in reading about the experiences of others. Jack Schwager's book provides that shortcut. If you find yourself sweating upon occasion as you read, then you're as close to the trading experience as you can get without actually doing it yourself.\" —Robert R. Prechter, Jr., Editor, \u003ci\u003eThe Elliott Wave Theorist\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\"Are great traders born or do they acquire their skills on the way up? . . . \u003ci\u003eThe New Market Wizards\u003c\/i\u003e provides some interesting insights.\" —\u003ci\u003eThe Wall Street Journal\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\"Provides unique insight into the arcane world of currency trading as well as other fast-moving markets such as options and commodities.\" —\u003ci\u003eU.S. News \u0026amp; World Report\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\"Should be required reading for anyone who selects managers for institutional or even personal portfolios.\" —\u003ci\u003eFutures Industry\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990297886949,"sku":"NP9781592803378","price":31.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781592803378.jpg?v=1761787251","url":"https:\/\/k12savings.com\/products\/the-new-market-wizards-isbn-9781592803378","provider":"K12savings","version":"1.0","type":"link"}