THE MARKET WIZARD THREAD

Illusions are for reasons....



Quote from bozwood:

"Baldwin retired from the Bond pit several years ago with about 30 million. He promptly sunk almost all of it in a publicly traded tech (forgot the name, it's history) and lost it all. Now he's back in the pit trying to scrape out a living. Very Sad."


I have to say, I am not sure I believe this. For one thing, I remember a Baldwin Development (or Construction) company near the CBOT. I was told he owned that. Also, I was told he owned the building that the company was in. If this is the case, I don't believe anyone here knows all that he owns or has interests in.

In addition, he only had a 30 million net worth after all those years in the pit and being one of the biggest players there? I find that hard to believe.
More...
 
Wisdom speaks....


Quote from howellpar:

Boy, this one hurts!! Only because it's so very true.

TWICE in my life at 27 and again at 43, I had over a million dollars in cash, real money, in my account(s). At 27 I made the mistake of trying to turn a $1,000,000 into $5,000,000 (what I thought was a 'true' fortune) by buying back into the business that had enriched me. Bankruptcy followed within 5 years.

At 43, I had accumulated almost $2.0m (including a house I'd paid off in previous years). LOST EVERY penny, including the house, through ARROGANT trading (I had the money, it can only increase!), lawyers (business partner 'checked-out') and self-indulgence.

Once we earn back some portion of a small fortune, it (along with the stake from which I trade now) will be (and is) protected from me, my stupidity and the market!

As a bumper sticker in Houston read many years ago:

"Please God, just one more boom. I won't piss it away this time!"

Good-Luck. Read the books (Elder as well Schwager, LeFevre as well as Cramer, etc.) and trade small, protect what you have, and honor the stops!!
More...
 
Quote from sKaLpZ:

Hey Candle, maybe this has already been mentioned but let's not forget there is a third book in the Market Wizard series, titled, Stock Market Wizards: Interviews with America's Top Stock Traders.

I just got the book and am starting to read it. Even though I trade money not stocks I am sure there are some good tips on trading in general.

Coinz
More...
There are some really good interviews in this one too - Mark Cook, Steve Cohen, Ari Kiev, etc. Almost everyone seems to pan this one and say it's not nearly as good as the first two. I respectfully disagree. Just fished it out of my storage unit yesterday to reread. :)
 
Quote from EqtTrdr:

I would have to say "Waxie", Michael Parness

Kachingo$$
More...

LMAO :D :D :D :D :D A great post to end the day on. See you all tomorrow, unless you see me first. :D
 
Expanded list to include Stock Market Wizards

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

Stock Market Wizards:

33) Stuart Walton
34) Steve Watson
35) Dana Galante
36) Mark D. Cook
37) Alphone Fletcher
38) Ahmet Okumus
39) Mark Minervi
40) Steve Lescarbeau
41) Michael Masters
42) John Bender
43) David Shaw
44) Steve Cohen
45) Ari Kiev
 
I was wondering if any of you know of any additional books which feature interviews with traders... the reason I seek interview books is because I have gained more from these kinds of books than by any book on technical analysis etc (if trading were simply a few technicals plus some risk management, all traders would be rich... trading is more than that... it's is a mindset)...

Currently, in the "Interviews" section of my library, I only have:
Market Wizards
New Market Wizards
Stock Market Wizards
The Guts & Glory of DayTrading
Real People; Real Traders
Electronic Trading Masters
Electronic Day Traders' Secrets

Please look through your stuff, and if you find interview books, please list them... if they are out of print, I am happy to buy them from you for a good price...
 
Quote from candletrader:



Please look through your stuff, and if you find interview books, please list them... if they are out of print, I am happy to buy them from you for a good price...
More...

Some books that had (some) value (not in the same way as Jack Schwager):

- The battle for investment survival - Gerald M Loeb (not interviews, more about the guy himself)
- Trading with oscillators, Mark Etzkorn (describes stuff from different sources)
- Computerized trading, Mark Jurik, editor (same)
- Trading Global currencies, Luca (same)
- New Thinking in Technical Analysis, Rick Bensignor (different contributors in their own words, unlike the previous two)

Regards
Sherlock
 
You must log in or register to reply here.
Back
Top