Description
Book SynopsisWhat differentiates the highly successful market practitioners - the Market Wizards - from ordinary traders? What traits do they share? What lessons can the average trader learn from those who achieved superior returns for decades while still maintaining strict risk control? This book deals with these questions.
Table of ContentsForeword by Peter L. Brandt xi
Preface xv
Chapter One Failure Is Not Predictive 1
Chapter Two What Is Not Important 9
Chapter Three Trading Your Own Personality 15
Chapter Four The Need for an Edge 23
Chapter Five The Importance of Hard Work 27
Chapter Six Good Trading Should Be Effortless 35
Chapter Seven The Worst of Times, the Best of Times 41
Chapter Eight Risk Management 47
Chapter Nine Discipline 61
Chapter Ten Independence 69
Chapter Eleven Confidence 73
Chapter Twelve Losing Is Part of the Game 77
Chapter Thirteen Patience 83
Chapter Fourteen No Loyalty 93
Chapter Fifteen Size Matters 103
Chapter Sixteen Doing the Uncomfortable Thing 115
Chapter Seventeen Emotions and Trading 125
Chapter Eighteen Dynamic versus Static Trading 135
Chapter Nineteen Market Response 145
Chapter Twenty The Value of Mistakes 157
Chapter Twenty-One Implementation versus Idea 163
Chapter Twenty-Two Off the Hook 167
Chapter Twenty-Three Love of the Endeavor 173
Appendix: Options—Understanding the Basics 177
Notes 185
About the Author 189
