Marty Schwartz Jack Schwager’s “Market Wizards” Discussion in Amherst
Source: http://www.youtube.com/watch?v=CkDZbGVR7Y8#action=share
http://www.cmegroup.com/education/top-traders-round-table-episode-07.html?mkt_tok=eyJpIjoiT0RjM09HUTNOemd3T1RkaCIsInQiOiJVOGVyVzNVTnBvaGtXbXZHM3JVVFhcL2dzZzFqUXRtTHZ3NFlEOEQxdzh5c29iMDhHUlNnSDEyTG9CNjA5dTVFMlVrd2lFWXJwZkdMS1pjZEFuV0tLNjl1ZEV4UXhoTzBlaTg4M2lGZHQ0eDhWU1QyajIzK3ZYaGZXKzZQSDFUMmsifQ%3D%3D
Power Follows Wealth: Many years ago, Legendary Investor Jim Rogers told me that Power follows Wealth. A brief look at history confirms his thesis. We all know that empires were built when massive fortunes were accumulated and eventually collapsed when their inevitable economic dominance ended. Over time, capital begins to…
Reminiscences of a Stock Operator by Edwin Lefèvre and Roger Lowenstein is one of the most powerful investment books every written. Many people believe the book outlines the story of Jesse Livermore, one of the most famous stock market operators in history. The book contains a wealth of wisdom and prescient information that has stood the test of time. Many of the concepts are applicable today! Over the next few weeks, I will break down much of that “market wisdom” into a series of easy to digest blog posts.
Lesson 1 stressed the importance of developing “a sound market-tested trading plan, then trade your plan.” Lesson 2 discusses the importance of handling losses. Remember, losses are inevitable so don’t set them aside. Instead, prepare for them by integrating them into your trading plan. That way you can recognize when you are wrong, and instead of battling it out in the psychological warzone, you can cut your losses and get back to winning.
Richard Donchian’s Trading Rules
Join Our Newsletter & Get Powerful Ideas Delivered To Your Inbox 1. Christian Siva-Jothy On Idea Generation No one gets paid for originality – you get paid for making money. I am happy to take other people’s good ideas and run with them, as long as I understand exactly why I am in the trade….