Binding: Paperback
Dewey Decimal Number: 332.640973
EAN: 9780066620596
ISBN: 0066620597
Label: Collins Business
Manufacturer: Collins Business
Number Of Items: 1
Number Of Pages: 352
Publication Date: April 01, 2003
Publisher: Collins Business
Release Date: April 15, 2003
Sales Rank: 197490
Studio: Collins Business

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• Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders: The Secret Methods that Turned Ordinary People into Legendary Traders
• Trade Your Way to Financial Freedom
• see more

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Editorial Review:

Product Description:
AVERAGE ANNUAL RETURNS OF 70% ... 90% ... 220%! FIND OUT HOW THE WIZARDS OUTPERFORM THE MARKET

Can you beat the market year after year and largely sidestep periodic downturns? What separates the country's best investors from the ordinary? What lessons can the small investor learn from modern stock market wizards?



Acclaimed trading expert Jack Schwager went to thirteen phenomenally successful traders for answers, including Mark Minervini, a junior high school dropout, who has averaged a 220 percent annual return during the past five years, while keeping his maximum quarterly loss to a fraction of one percent; Mark Cook, a Midwestern farmer who registered back-to-back annual gains of 563 and 322 percent in national trading contests; and Steve Lescarbeau, whose computerized trading model earns him an average of 70 percent per year with an incredibly low drawdown of only 3 percent.



In lively interviews with his all-star lineup, Schwager brings you true stories, eye-opening tips, and the inside scoop on how to ride the bull, battle the bear, and still come out on top. And in a final wrap-up Schwager lays out 64 market lessons that provide invaluable insights for average investors and market professionals alike.



Amazon.com Review:
Newcomers to Jack Schwager's series on top traders, as well as fervent fans of his first two entries Market Wizards and The New Market Wizards, will find that Stock Market Wizards offers another revealing look at a wide spectrum of trading styles through the eyes of 15 extraordinarily successful individuals. Transcripts of incisive Q&A sessions between Schwager and traders--including Michael Lauer, Dana Galante, Alphonse "Buddy" Fletcher Jr., and Claudio Guazzoni--examine the ways each approaches their specialty, whether it be value stocks, mutual funds, short selling, options trading, or other market niches. After brief but interesting introductions that place the subjects' trading practices into perspective, Schwager coaxes from them penetrating observations on setting goals, finding opportunities, learning from mistakes, and operating on a day-to-day basis. While some participants refuse to divulge proprietary practices, and Anthony admits that many traders' activities hold little relevance to individual investors, the basic doctrines nonetheless contain nuggets of wisdom that can be applied by many nonprofessionals. And, in the final "Wizard Lessons" chapter, Schwager details the 65 overarching principles (such as Trade Your Personality, Be Willing to Take a Loss, and The Importance of Setting Goals) he culled from these extensive conversations. --Howard Rothman




Rating: - Should be in the reading list of PMs
a rare chance to pick the brains of some of the best HF managers. a must read for the PMs.

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Rating: - nothing helpful
Too much useless background on traders. No substantial help for the average trader or investor.

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Rating: - good read
If you want to read about the market movers this is the place!!! Very good!

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Rating: - One interview is worth the price
I bought this book because of one interview which was the best thing I've read on trading. It confirmed my own approach and added some additional thoughts which I found very helpful. You'll find information here that you won't find anywhere else. I LOVE all his books.

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Rating: - Excellent read...great for traders at all levels
It really doesn't matter at what level and style that you trade at, I think you'll find this an interesting read. Most likely you won't use the specific tips provided in the book, but advice about what mentality and behavior it takes to be a successful trader. Enjoy!

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