THE MARKET WIZARD THREAD

C

candletrader

I am pretty confident that most of you have read Schwager's two seminal and classic works on trader interviews, Market Wizards and New Market Wizards...

Please discuss which, if any, of the following characters have had a profound effect on your trading and/or motivation...

Market Wizards:

1) Michael Marcus
2) Bruce Kovner
3) Richard Dennis
4) Paul Tudor Jones
5) Gary Bielfeldt
6) Ed Seykota
7) Larry Hite
8) Michael Steinhardt
9) William O'Neil
10) David Ryan
11) Marty Schwartz
12) James B Rogers
13) Mark Weinstein
14) Brian Gelber
15) Tom Baldwin
16) Tony Saliba
17) Dr Van K Tharp

New Market Wizards:

18) Bill Lipschutz
19) Randy McKay
20) William Eckhardt
21) Monroe Trout
22) Al Weiss
23) Stanley Druckenmiller
24) Gil Blake
25) Victor Sperando
26) Tom Basso
27) Linda Bradford Raschke
28) Mark Ritchie
29) Blair Hull
30) Jeff Yass
31) Charles Faulkner
32) Robert Krausz
 
6) Ed Seykota

He really seems to get down to the heart and soul of any endeavor.

It takes focus, it takes believing in the idea of abundance, it takes almost intuition and faith.

I find Seykota to be almost a yogi of trading.

He really sunk in the idea for me a while back that I am not going to see all the possibilities if I am preoccupied already trying to examine a specific outcome.

So true to life.

Not sure what hes up to now though, last I heard he started running a cult???
 
Although I now disagree with him on philosophical matters, Sperandeo had a big impact on me, especially as I read both his books (not just the Wizards interview); I really liked his approach to the markets and he came across to me as just an all around great guy. Definitely someone I'd love to have dinner or a beer with and have a chat.

Another that's had a big impact on me after reading Wizards (though not from reading it) is Jim Rogers.

I love Michael Marcus's "come from behind" story the most -- although many have good ones -- and I was most impressed by Marc Weinstein's record.

Is there anyone who didn't find Tom Baldwin to be a total jerkoff?

In the 2nd book, I think Bill Eckhardt's interview is far and away the most informative.
 
Over 90% profitable. Amazing. I patterned my trading after his and improved markedly.

He trades pullbacks or fades overdone markets (I just trade pullbacks). I only ave around 50% winners, but trading pullbacks has greatly improved my risk/reward (always 1/2 min).

Jay
 
Ed Seykota the most interest to me as far as his mind and the way he viewed the market. Love his responses to the questions asked of him.

Also liked Bruce Kovner.

AllenZ
 
Quote from candletrader:


Please discuss which, if any, of the following characters have had a profound effect on your trading and/or motivation...
More...


What I found was that it is easy to confuse brains with a bull market.

Now, if he was to follow up with interviews on what these "Wizards" have done since April 2000...(other than running web sites!)...well, that would be a heck of a lot more interesting.
 
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