The Common Traits of Stock Market Wizards | Interview with Jack Schwager
ฝัง
- เผยแพร่เมื่อ 3 มิ.ย. 2024
- 📘 Get your FREE 115-page Ultimate Trading Guide: traderlion.com/YT-UTG
🔍 Next-Generation Stock Screener: traderlion.com/YT-DV
🦁 Follow us on Twitter: traderlion.com/YT-X
📈 Learn from our Trading Masterclasses: traderlion.com/YT-TLU
📰 TL Trading Academy: traderlion.com/YT-TLA Welcome back to the TraderLion Podcast. Today we are featuring an Interview with Jack Schwager, the author of the fantastic Market Wizards Series
Jack has had the opportunity to interview countless phenomenal traders over the years including names like Ray Dalio, Marty Schwartz, and William O'Neil.
In this interview we discuss his key takeaways from his books, common traits of stock market wizards, psychology, risk management, and much more!
Jack Schwager Books:
Market Wizards: Interviews with Top Traders
amzn.to/3wl9ElD
Unknown Market Wizards: The best traders you've never heard of
amzn.to/3k7t7RZ
Jack's recommendations
Reminiscences of a Stock Operator
amzn.to/3kdwDdp
Connect with Jack
/ jackschwager
t.co/g1TOARYCXD?amp=1
Enjoy!
- The TL Team
-----------------------------------------------------------------------------------------------------------------------
Learn Swing Trading from the US Investing Champion Oliver Kell (941% Return):
links.traderlion.com/SwingTra...
Learn How To Trade from Market Legend Stan Weinstein
links.traderlion.com/StanWein...
Level Up Your Trading Psychology with Mental Game Expert Jared Tendler
links.traderlion.com/TradingP...
-----------------------------------------------------------------------------------------------------------------------
Stay in touch:
Follow us on Twitter: links.traderlion.com/TwitterYT
Like us on Facebook: links.traderlion.com/FacebookYT
Our Blog: links.traderlion.com/BlogYT
Timestamps:
0:00 Introductions
0:35 The Story behind Market Wizards
4:05 How did Jack find Stock market Wizards
5:27 Jack's trading background
6:25 How Jack decided what what questions to ask
8:10 Was Jack ever intimidated during his Interviews
10:05 Baldwin Interview Story
13:42 Jack's Favorite question to ask
14:58 Interviewing Ray Dalio
17:30 Interviewing William O'Neil and David Ryan
19:12 O'Neil Story
21:15 Common Traits of Stock Market Wizards
24:10 Mental Preparation and Psychology
25:15 Post Analysis and Tracking Mental State
27:20 Optimism and Confidence
29:14 Could anyone become a Market Wizard?
32:05 Common Skills of Market Wizards Ed Thorp Example
34:25 Routines of Market Wizards
35:00 Performance Metrics. Sharpe Ratio, Sortino Ratio
41:00 Deep in the money Options Strategy
47:00 Risk Management
50:12 What Historical Trader would Jack want to interview?
52:20 Jack's Favorite Interviews
54:30 Key Takeaways from Market Wizards: Trading Psychology and Risk Management
56:00 Being able to admit you made a mistake
58:30 Letting your Ego Go - Marty Schwartz
1:00:00 Professional Loss Taker
1:01:30 Jacks Recommended Books
1:06:10 Jesse Livermore
1:07:49 Finding Market Wizards
1:13:49 Jack's Advice for New Traders
📘 Get your FREE 115-page Ultimate Trading Guide! - traderlion.com/YTC-UTG
👇 What you'll learn!
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Lesson 1: Build a sturdy trading foundation to overcome the biggest obstacles holding you back.
Lesson 2: Master 3 powerful trading setups to adapt and thrive in various market conditions.
Lesson 3: Efficiently screen and find top-performing stocks with strong momentum and high growth potential.
Lesson 4: Establish a streamlined risk management strategy using stop losses, position sizing, and portfolio heat analysis.
Lesson 5: Optimize selling decisions by identifying late-stage bases or key trend reversals by analyzing daily and weekly charts.
Lesson 6: Sharpen your trading analysis and decision-making by integrating cutting-edge analytical tools and techniques.
Lesson 7: How to establish and maintain routine weekly and daily trading practices to ensure consistent performance and continuous improvement.
Wow, Stan, David, Mark, and then now Jack?
Incredible!
This channel must be spread
Thanks Brian!
Timestamps:
0:00 Introductions
0:35 The Story behind Market Wizards
4:05 How did Jack find Stock market Wizards
5:27 Jack's trading background
6:25 How Jack decided what what questions to ask
8:10 Was Jack ever intimidated during his Interviews
10:05 Baldwin Interview Story
13:42 Jack's Favorite question to ask
14:58 Interviewing Ray Dalio
17:30 Interviewing William O'Neil and David Ryan
19:12 O'Neil Story
21:15 Common Traits of Stock Market Wizards
24:10 Mental Preparation and Psychology
25:15 Post Analysis and Tracking Mental State
27:20 Optimism and Confidence
29:14 Could anyone become a Market Wizard?
32:05 Common Skills of Market Wizards Ed Thorp Example
34:25 Routines of Market Wizards
35:00 Performance Metrics. Sharpe Ratio, Sortino Ratio
41:00 Deep in the money Options Strategy
47:00 Risk Management
50:12 What Historical Trader would Jack want to interview?
52:20 Jack's Favorite Interviews
54:30 Key Takeaways from Market Wizards: Trading Psychology and Risk Management
56:00 Being able to admit you made a mistake
58:30 Letting your Ego Go - Marty Schwartz
1:00:00 Professional Loss Taker
1:01:30 Jacks Recommended Books
1:06:10 Jesse Livermore
1:07:49 Finding Market Wizards
1:13:49 Jack's Advice for New Traders
Richard you're the nexr Jack. Amazing interview
Thank you!
Great Interview ! read New Market Wizards in the early 90's and still have it today (ear marks included) New Market Wizards really opened my eyes to trading and the life of a trader. Just a classic book, thanks Jack !!
I've been day trading the Forex markets for the last 2 years and this is probably the best channel I've stumbled upon for trading interviews! I really liked the Jared Tendler one as psychology can be directly applicable to any type of trader!
Thanks for your hard work bro these videos are very helpful!
Treating us to some great interviews. The one you did with Mark Minervini the other day was so good. The bits about 'improving the worst case scenario' were gold. I've put this video at the top of my watch later for my commute tomorrow. Looking forward to it and thanks for your great content.
Awesome glad you are enjoying these videos!
Ya, can’t agree more
Another outstanding interview, thanks to Richard Jack and the Traderlion team.
Thanks Tony!
Passing of the torch
Doing one helluva job mate!!! Amazing videos. Thanks for putting in the effort. Keep them coming- can't wait to learn from the best in class !!! Thanks again
Thanks for watching!
I love this channel
Been following the market a while and hands down one of the most valuable trading info
I appreciate that! Thanks Simon
Awesome! Need Qullamaggie soon
Your this channel is a gold mine for guys like us who want to hear the experienced giants of trading. Their experiences cut our learning curve times especially risk management aspects...
Awesome!
Great interview! Fun. I can't wait to read his books!! I appreciate that he says to let an interview go off course naturally, but I love the questions you ask. They are really good and thoughtful.! I learn so much From these interviews! Thank you Richard!$$
Thanks for watching!
Nice guy and some honest display of knowledge.
Definitely!
Thanks Bro for your effort and Hard work for us.🙏🙏
It's my pleasure
Brilliant, simply astounding
Thanks!
This is an interview with an interviewer sharing his interviewing experience with another interviewer within an interview, this should be called the interstellar interview
This channel is really underrated !
Exceptional interview. Give us Moooaaarrr! 🤠
Thanks! More coming!!
What's the second book Jack mentions?
Hi, Richard! Do you think it will be possible to make another interview with Pradeep Bonde? Very interesting how he trades earnings actually.
Thank you for doing this videos;)
I second that
Another heavy hitter! Thanks
You bet!
Pure GOLD!!
Thanks!
Our next Jack Schwager is Richard moglen !
Thanks 😊
Thanks
Welcome
I wish I had the swagger of Schwager
Don't we all, David! Thanks for watching!
be a good listener
Best time to be a trader.
For sure!
I wonder how you get the GOATS on here
Is this an earlier interview? I think I saw something like this before
This was recorded Friday
Great interview and wonderful insights. I like his books
I have my own question: Jack, when are you going to admit you were wrong to vote for ...
LET'S GO BRANDON!!!!!!!!!!!!!
Lmao. Old Democrats are blind to what's happening around them. Also, he probably wanted to say "Let's Go Brandon," but doesn't have the b@lls to do it.
He hates Trump…but loves Soros…
Biden has never admited he has been wrong …and he has had major fuck up after major fuck up..but butt hurt liberals like schwager are obvlivious to this
@@AlejandroRasmussen7 lol yep.
Richard. How the hell are you getting all these people on….
He's a fantastic interviewer, lets them talk, and has a following to help them promote their brand. Seems like a no brainer for them to come on
Thank you! I appreciate that
1 percent per tade. , if you have a 80 percent change that the trade will be a winner, why couldnt you rishk, 7 , 8 percnet ? this doesnt make anysense the 1 percnet thing
because that whole "80% win rate" thing is only illusion in your mind. it can change down to a 50/50 win rate next year and you wouldnt know until its too late. markets are chaotic and dynamic and always changing. there is no 1 strategy that keeps working and working, needs adaption
@@sommi888 your right , things can change overtime over years , over decadeds but 80 80 % w r is not chaotic i have a few setups who have 80 % w r