Traders' Library - Discount Investment and Stock Market Trading Books
image
Search   
  Enter title, author, item # or ISBN
 
Select a Category and click 'Go'  



Order the Hard Cover version

Bookmark and Share

Stock Market Wizards
By: Schwager, Jack D.

This item is currently unavailable from the publisher.
Customers who bought this book also bought:
Strategies for Profiting on Every Trade
by Velez, Oliver, L
Power Trading
by Velez, Oliver L.
Market Wizards
by Schwager, Jack D.
The New Market Wizards
by Schwager, Jack D.

Synopsis:
What separates the world’s most successful investors from ordinary investors, and even the vast majority of professional fund managers?

In the third of the bestselling Market Wizard series, acclaimed trading expert Jack D. Schwager digs into the psyches, strategies, and true accounts from 12 legendary traders who survived the most dynamic bull market in U.S. stock history—as well as a collapse in commodity prices, dramatic failures in some of the world's leading hedge funds, the burst of the Internet bubble, and a fall into recession and the subsequent rumblings of recovery.


[Back to top]

Jacket Description:
FROM THE BACK COVER:

What separates the world’s most successful investors from ordinary investors, and even the vast majority of professional fund managers?
In the third of the bestselling Market Wizard series, acclaimed trading expert Jack D. Schwager digs into the psyches, strategies, and true accounts from 13 legendary traders who survived the most dynamic bull market in U.S. stock history—as well as a collapse in commodity prices, dramatic failures in some of the world's leading hedge funds, the burst of the Internet bubble, and a fall into recession and the subsequent rumblings of recovery.
What lessons can the average trader or investor learn from these exceptional traders?
In lively interviews with his all-star lineup, Schwager brings you true stories, invaluable market lessons, and the inside scoop on how to ride the bull, battle the bear, and still come out on top.
Jack Schwager serves as Investment Director at the Fortune Group, an alternative asset management firm, as well as lead portfolio manager for Fortune’s Managed Account Program. His bestselling books include Market Wizards, The New Market Wizards, and A Complete Guide to the Future Markets. His Schwager on Futures series includes Fundamental Analysis and Technical Analysis.

INSIDE FLAPS:

Wouldn’t you love to sit down with some of the world’s most successful investors and find out how they do it? Just how do they make millions of dollars a year—or even in hours? And how do they come back from just as colossal losses?
Market expert Jack D. Schwager dialogues with some of the industry’s most successful traders, including:

Mark Minervini—a junior high school dropout who averaged a 220 percent annual return in 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

Steve Lescarbeau—whose computerized trading model earns him an average of 70 percent per year with an incredibly low drawdown of only 3 percent

Schwager asks the questions we all want to know—then pulls all the answers together, distilling essential advice and insights from 12 super-traders into a list of 64 invaluable market lessons for both novices and market professionals alike.


ABOUT THE AUTHOR:

Mr. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. He is currently engaged as a consultant in the construction and management of managed account portfolios with a particular emphasis on liquid trading strategies. He is also an advisor to an Indian quantitative trading firm, supervising a major project that will adapt their trading technology to trade a global futures portfolio.

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. Mr. Schwager was one of three partners with direct responsibility for selecting managers and constructing portfolios. The Fortune Group was fully acquired by the Close Brothers Group, a U.K. merchant bank, in 2010. His previous experience includes 22 years as Director of Futures research for some of Wall Street’s leading firms and 10 years as the co-principal of a CTA.

Mr. Schwager has written extensively on the futures industry and great traders (in all financial markets). His first book, “A Complete Guide to the Futures Markets” (1984) is considered to be one of the classic reference works in the field. He later revised and expanded this original work into the three-volume series, “Schwager on Futures”, consisting of “Fundamental Analysis” (1995), “Technical Analysis” (1996), and “Managed Trading” (1996). He is also the author of “Getting Started in Technical Analysis” (1999), part of John Wiley’s popular “Getting Started” series. Mr Schwager is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last two decades: “Market Wizards” (1989), “The New Market Wizards” (1992), and “Stock Market Wizards” (2001).

Mr. Schwager is a frequent seminar speaker and has lectured on a range of analytical topics with particular focus on the characteristics of great traders, technical analysis, and trading system evaluation. He holds a BA in Economics from Brooklyn College (1970) and an MA in Economics from Brown University (1971).

AUTHOR’S NOTE:

The interviews for this book were conducted from mid-1999 through early 2000—in other words, just before the major top in the stock market (March 2000). Since then, the S&P 500 has been nearly halved, while the NASDAQ has lost nearly three-quarters of its value (as of the end of September 2002). Thus readers of these interviews are likely to think: “Yes, but how have they done lately?” Fair question. In this revised edition, detailed answers to this question have been provided at the end of each chapter, along with short follow-up interviews focusing on the experience of the traders during this protracted bear market.


[Back to top]

Table of Contents:
Acknowledgments

Prologue: An Inauspicious Beginning

Stuart Walton:
Back from the Abyss

Steve Watson:
Dialing for Dollars

Dana Galante:
Against the Current

Mark D. Cook:
Harvesting S & P Profits

Alphonse “Buddy” Fletcher, Jr.:
Win-Win Investing

Ahmet Okumus:
From Istanbul to Wall Street Bull

Mark Minervini:
Stock Around the Clock

Steve Lescarbeau:
The Ultimate Trading System

Michael Masters:
Swimming Through the Markets

John Bender:
Questioning the Obvious

David Shaw:
The Quantitative Edge

Steve Cohen:
The Trading Room

Ari Kiev, M.D.:
The Mind of a Winner

Wizard Lessons

Appendix: Options—Understanding the Basics

Index


[Back to top]

Bookmark and Share

Top of Page

Home   Help   Privacy Policy   Whitelist Us   Search   My Account   Site Map   Shopping Cart   Secure Checkout   Order Status

© 1996-2019, Traders Library
A Far Corner Company