Schwager sums up key lessons of Market Wizards series, starts global search for...
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- Опубликовано: 19 июн 2024
- 00:00 - Intro
00:26 - The Little Book of market Wizards: Summary of the best lessons from Schwager’s four previous Market Wizard books.
Trading success can be applied to any field.
“Talent, Perseverance and Belief” can overcome great failures - many of the greatest traders had to deal with early and sometimes multiple failures
03:54 - The best investors prioritize risk management over trade entry.
Risk management lessons from investing legends like Paul Tudor Jones, Ray Dalio.
Bruce Kovner: Pre-defined exit point are critical, the only time you have objectivity is before the trade.
08:05 - Market Wizards Search on Fundseeder.com.
Finding the next top traders.
Also today, some trader will stand out.
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In this Opalesque.TV video interview, we interview bestselling author Jack Schwager on his most recent book, "The Little Book of Market Wizards: Lessons from the Greatest Traders." In the book, Jack summarizes the key lessons from his four previous Market Wizard books and offers insights from some of the world's top financial traders, including Paul Tudor Jones, Bruce Kovner and Ray Dalio.
He discusses how many of these trading titans often faced early or even multiple failures, and how "Talent, Perseverance and Belief" helped keep them on the trac to massive success. Schwager also points out the significance of risk management and having pre-defined exit points as critical elements of trading success.
You will hear about:
• How trading success can be applied to any field
• Early failure has led to success for many of the greatest traders
• The best investors prioritize risk management over trade entry
• Risk management lessons from investing legends like Paul Tudor Jones, Ray Dalio
• Bruce Kovner: Pre-defined exit points are critical - the only time you have objectivity is before the trade
• Market Wizards Search: Some will stand out - finding the next top traders on Fundseeder.com
Great interview
Thank you.
Honestly, using excess amounts of leverage is 60 % why ppl fail long-term.
and the only way to actually make proper profits, if youre good enough it will get you far
@@hacker010010101 Not true. 90% of the people that have made huge amounts of money have a thing called asymmetric risk reward ratio. Example: Paul Tudor Jones risks 1$ to make 5% !
Very True, leverage was adjusted by FCA to 1:30 and profits of broker fell. Most brokers get caymen island regulations to increase leverage. This is to tell you that too much leverage only makes your broker rich not you.
@@hacker010010101 do you still trade? DM me
leverage is double edged sword
His example near the end of someone turning $30K into 80M is an approximately 266,566% return. Since 2014, there have been hundreds (if not thousands) of people who have made returns like this through cryptocurrency and/or bitcoin. Bitcoin is up (some people say) NINE MILLION PERCENT since inception. Oh how times have changed ;)
Michael marcus was a great trader, not someone who bought one asset and just held. Very different, and requires much more skill.
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Great interview. Why does he look like Chinese Bill Gates?
Not cool dude
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