Unknown Market Wizards: The best traders you've never heard of (ePub)

The college graduate started trading with $2,500 and made $50 million over the next 17 years; a professional tennis player achieved an average annual return of 298% over 10 years of futures trading; a stock trader developed a new trading concept and made $21 million in profits using neither fundamental nor technical analysis. These are not the stories of world famous market professionals, but facts from the lives of ordinary people who once decided to open a brokerage account and managed to develop successful trading strategies. Their names are unknown to the media, their actions are not followed in the communities of investors and traders, but their experience can be useful to anyone who trades on the stock exchange and is interested in the markets. Jack Schwager, who has written about market sharks such as Buddy Fletcher, Stuart Walton, David Shaw, and Stephen Cohen, interviewed less famous but equally successful traders and collected them in the book "The Mysterious Wizards of the Market." In talking to these people, Jack Schwager tries to reconstruct the scenario for their rise in the market, from youthful dreams and finding their own path, to serious deals worth millions of dollars. The author reveals the nature, principles and strategies of each trader and tells what books influenced his career, what people inspired him and what trading methods led him to success. The book will help novice traders find their strategy in the market, and for professionals it will open up new methods and tactics developed by Schwager's interlocutors - behind the impressive results of many of them there is painful experience and major failures.