The New Market Wizards: Conversations with America's Top Traders by Jack D. Schwager

The New Market Wizards: Conversations with America's Top Traders by Jack D. Schwager

Author:Jack D. Schwager [Schwager, Jack D.]
Language: eng
Format: epub
Publisher: HarperCollins
Published: 2009-10-13T04:00:00+00:00


What makes a good trader?

A critical ingredient is a maverick mind. It’s also important to have a blend between an artistic side and a scientific side. You need the artistic side to imagine, discover, and create trading strategies. You need the scientific side to translate those ideas into firm trading rules and to execute those rules.

Can people be successful using a purchased system?

I believe that systems tend to be more useful or successful for the originator than for someone else. It’s important that an approach be personalized; otherwise, you won’t have the confidence to follow it. It’s unlikely that someone else’s approach will be consistent with your own personality. It’s also possible that individuals who become successful traders are not the type to use someone else’s approach and that successful traders don’t sell their systems.



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