Classic book: a MUST read for all traders.

Schwager sits down with all the best traders over the years and picks their brain on everything from how they got started in the trading business to the strategies they apply. It is very interesting the wide range of personalities and strategies that have lead some traders to success and Schwager does a good job at illustrating that the best traders aren't really the ones that have mastered some super-system but can follow it with a great degree of discipline and faith.

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23 February 2010

Pennystockfolder

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The Right Questions have Been Asked, Finally

best book on trading, why? instead of a book explaining to you a detailed plan on how to trade when it worked for the author, rather, this gives real explanations from real traders on how they feel when they trade, what they trade and the different styles of trading, the book goes in depth and the author jack schwager knows how to ask the right questions.

This truly is a great book for anyone just getting started or who has been in the game for years.

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22 February 2010

Braveheart85

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A good read

This is an inexpensive book that is basically an interview of multiple successful investors, how they started out, how they succeeded, how they nearly failed (all of them came close to losing their money and several lost their money several times altogether), and general tips to future traders/investors. I found this book incredibly entertaining. It's a short read and can be read in a single sitting, but I was glued to it the entire time.

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27 February 2010

Deadjim

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What a Classic

I have read all these books and Schwager is excellent in getting together a top group of traders to interview. Although this was first written almost 20 years ago, the lessons are just the same today. It is one of those books that one can read again and again and still learn a few things from. People have tried to emulate these books and come up short. The author gives a short summary of the learnings at the back of the book, starting with the sentence "There is no holy grail to trading success." He then goes on to give nine pointers or common points he found among the traders. Well worth it!

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23 February 2010

Thomasonr

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Must read

Why wouldn't you want to find out how these genius investors made their money? You might think that everyone on Wall Street is a snobby geek that graduated with MBA in finance from Harvard, or Warrant. Don't get me wrong, some of them are from the most prestigious schools in the country. The point is, reading the series of interviews from this book allows you to understand the the spirit of these investors; their humors and their smart.

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31 January 2010

Huwwaa

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Very entertaining and informative

I've read this book dozens of times and I learn something new every time. There is no book more valuable and I've read hundreds. You get 1st hand interviews with traders that have made millions. Many are not high profile, but all have fascinating stories to tell.

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25 January 2010

JayBiddyTrader

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Inspirational Read

Anyone not rating this book a 10 is on drugs. No other book puts together a Murderer's Row of traders like this book does. It interviews some of the biggest names in investing like Jim Rogers and Bill O'Neil and it also made some of the traders big names like Ed Seykota. The best thing about the book is that it reinforces the idea that you can be a highly successful in this business.

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25 December 2009

Momcinto

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Great book

This book interviews traders, and gives a look at what they think. It is a good way to get an understanding of different trading styles, and different ways to think about the market. A good read, and one every trader should read.

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11 January 2010

Westcoast777

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Great insights

This book is not about systems used by the best traders in the world. It's about their state of mind and dedication in achieving greatness.
What struck me the most when reading the Market Wizards is that the most important rules about trading are not related to the system. You will find out that some Wizards are pure technicians while other are pure fundamentalists. Yet all of them made significant profits out of the market.
The fact that the whole book is made of many interviews makes it easy to read and really enjoyable. It's like the reader is in the same room as the trader and the interviewer.

I would recommend this book to beginner-intermediate traders who have already made big mistakes in the markets to fully understand and enjoy the Market Wizards.

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27 November 2009

Grotaiche

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Read It!

Start with this book and then read each of the others. There are hundreds of investing books that teach you countless number of trading strategies. Some of those are good and some are bad, but most of the authors never made a dime until they wrote a book. The Wizards series has people that have actually made money as traders and their wisdom is invaluable for any and every market.

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24 November 2009

Jj1

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Mandatory Reading

I don't care what any of the reviews say, even if most are positive. I don't care how entertaining or not entertaining people say this book is. All that matters is that you must read it. 90% of traders lose money, the people featured here don't. That's all you need to know. Very rare is it to ever be able to learn from a profitable trader, no matter the strategy so take this opportunity before the losers at EliteTrader try to sway you into believing their garbage.

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15 January 2010

Tim

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Fun and Inspiring

You will never trade like these guys, nor should you. You will never make as much money as these guys, but you can sure try.

Inspirational and an easy read.

Take it to the beach with you....

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27 December 2009

Betheball

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Must Be READ...and REREAD!

This is a must read for any serious investor/trader. Aside from Jack Schwager's generic questions like: "can you outline your strategy?" He is able to pick the brain of the most successful traders who ever lived. Ranging from purely stock traders to future traders to even floor traders, this book gives you a feel for the psychology of a successful trader and almost a blueprint of "how to survive in the industry."

The aspect of this book that i liked the most is Jack's "summary" after each chapter (or after each interview rather) where he outlines all the key points he found interesting with a particular trader. Even without reading the actual interviews (which is a must), the reader can learn a mass amount of information merely from Jack's summary.

My favorite chapter in the book and, in my opinion, is a must, I'll repeat, a must read, is the interview with Ed Seykota, a futures and currency trader who has almost a zen-like personality/psychology into the world of trading. Following the interview, Jack is left memorized by some of the answer given by Ed.

Overall, a great/must read for any serious or future trader/investor.

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19 February 2010

DannyShchar

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Good Book

I really like this book. Some of the storys are not too entertaining but thats not the authors goal. Very educational and has some great trading lessons which apply no matter what youtrade.

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15 January 2010

JDirt

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Great Value!

Great interviews with all the market's top traders and investors, recommended to anyone who is anyone investing or trading in stocks, the funny thing is is that every single guy uses his own different strategy, there are many profit angles in the stock market, top recommended buy!

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30 November 2009

BearNine

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Good Book

This book interviews traders, and gives a look at what they think. it is a good way to see different trading syles, and different way to think.

I like how is covers every type of trader, it is very well written, and is a book I think anyone interested in the market should read.

Since this books interviews traders, it maybe hard for newbies to read and fully understand, but it still gives an awesome look at what it takes to trade high $$$ amounts and make good trades.


This is a must read.

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07 December 2009

Afg797s

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