Digital List Price: $26.95
Kindle Price: $14.39

Save $12.56 (47%)

These promotions will be applied to this item:

Some promotions may be combined; others are not eligible to be combined with other offers. For details, please see the Terms & Conditions associated with these promotions.

Deliver to your Kindle or other device

Buy for others

Give as a gift or purchase for a team or group. Learn more

Buying and sending eBooks to others


Single copy
(Sent by Amazon)
Amazon emails the eBook to a recipient on your behalf.
Learn more

Multiple copies
(Send on your own)
You send redemption links to your recipients.
Learn more


These ebooks can only be redeemed by recipients in the US. Redemption links and eBooks cannot be resold.

Quantity:
This item has a maximum order quantity limit.

Deliver to your Kindle or other device

Kindle App Ad
Market Wizards: Interviews With Top Traders by [Schwager, Jack D.]

Market Wizards: Interviews With Top Traders Kindle Edition

4.5 out of 5 stars 341 customer reviews

See all 31 formats and editions Hide other formats and editions
Price
New from Used from
Kindle
$14.39

Kindle Feature Spotlight

CLOSE

Length: 481 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled

Try Kindle Countdown Deals
Explore limited-time discounted eBooks. Learn more.
click to open popover

Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.


Try Kindle Countdown Deals
Explore limited-time discounted eBooks. Learn more.

Editorial Reviews

Amazon.com Review




Q & A with Jack D. Schwager, author of Market Wizards: Interviews with Top Traders

More than twenty years have passed since the first edition of this book was released. Is it as relevant today as it was then?
Absolutely. Markets may change and the specific techniques or systems that work best may change, but the underlying core principles that lead to trading success stay the same. And there is a good reason for that. Through all periods, market price moves reflect some combination of underlying fundamentals and human behavior. Since human nature doesn't change, the market's basic behavioral patterns don't change either. I believe that every conclusion I reached about the factors important to trading success in the first edition remains equally valid today. Perhaps the best testament to the continued relevance of Market Wizards in today's markets is that so many of the managers I meet who read the original edition early in their careers make it required reading for new traders in their organization.

Has trading fundamentally changed with the rise of the quants and algorithmic traders?
The growing role of algorithmic trading may have eliminated some market inefficiencies as sources of profitable strategies, and it may even have impacted the efficacy of some trading systems, but I don't believe it has changed fundamental market behavior. The same basic concepts that are critical to trading success remain as valid now as they were a generation ago when computerized trading was in its infancy.

What are these basic concepts?
Well that's what this book is all about. But to offer one example, I believe that developing a trading methodology that fits your personality, as opposed to seeking someone else's approach, is an absolutely critical element to succeeding as a trader.

Why do most traders fail?
There are many reasons. They seek easy answers. They listen to "experts" and chase trading fads instead of doing the hard work of developing their own methodology. They focus almost all their energy on determining trade entry points and all but ignore the more critical questions of trade exit and risk management. They listen to other people. These are a few of the reasons. Readers will find a lot more in the book.

Which trader interview in the book has been the most popular?
Readers will often tell me that a certain chapter was their favorite and by far the most important in improving their own trading. The interesting thing is that they always seem to mention a different trader. There is no consensus. Different readers will find different things in the book important. They will relate to different traders. It all goes back to the importance of finding your own approach in the market.

Have the interviews you did for Market Wizards been important to your own trading?
The interview and writing process has helped solidify in my own mind the principles that are important to trading success. At times, it has also had a very specific influence. A great example occurred last summer. At the time, the stock market was approaching the high end of a long-term trading range, and for a variety of reasons, I expected the rally to fail and was positioned on the short side of stock index futures. Then the government released an extremely bearish employment report. It was so negative that commentators couldn't even cite one offsetting bullish consideration, as they usually do. The market initially sold off sharply in response--"perfect," I thought of my trade--but by the end of the day, it nearly recovered the entire loss, ending the week near the recent high. From the perspective of a short, this was terrible price action. I thought I was in trouble. I was prepared to cover most of my position when the market opened on Sunday night. On Sunday night, however, the market opened lower. I immediately thought of Marty Schwartz's advice in this book: "If you're very nervous about a position overnight, and especially over the weekend, and you're able to get out at a much better price than you thought when the market trades, you're usually better off staying with the position." I did, and Schwartz's insight saved me a lot of money, as the market proceeded to move sharply lower in the ensuing weeks.




Review

"One of the most fascinating books ever written about Wall Street." -- --Martin W. Zweig, Market Forecaster

Product details

  • File Size: 1401 KB
  • Print Length: 481 pages
  • Publisher: Wiley; 1 edition (January 9, 2012)
  • Publication Date: January 9, 2012
  • Sold by: Amazon Digital Services LLC
  • Language: English
  • ASIN: B006X50OPW
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #39,525 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
  • Would you like to tell us about a lower price?


Customer Reviews

Rated by customers interested in
Wall Street
4.6 out of 5 stars
4.6 out of 5 stars
Books
4.4 out of 5 stars
4.4 out of 5 stars

Top customer reviews

February 7, 2018
Format: Hardcover|Verified Purchase
One person found this helpful
|Comment|Report abuse
February 17, 2018
Format: Paperback|Verified Purchase
review image
2 people found this helpful
|Comment|Report abuse
March 3, 2007
Format: Paperback|Verified Purchase
10 people found this helpful
|Comment|Report abuse
October 9, 2009
Format: Hardcover|Verified Purchase
2 people found this helpful
|Comment|Report abuse
June 20, 2017
Format: Hardcover|Verified Purchase
One person found this helpful
|Comment|Report abuse

Most recent customer reviews

Set up an Amazon Giveaway

Market Wizards: Interviews With Top Traders
Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more about Amazon Giveaway
This item: Market Wizards: Interviews With Top Traders