Jack Schwager is the author of a number of widely acclaimed financial books, including the popular Market Wizards series.
Jack is also widely known as an industry expert on hedge funds, markets and trading advice. He also co-founded FundSeeder which is a platform that helps to find undiscovered trading talent and connect traders with investing capital.
Jack’s discusses his lifetime involvement with markets and key lessons he learnt firsthand from talking to so many of the world’s greatest traders.
What’s Covered in This Interview:
- How Jack for the idea to write the Market Wizards series.
- Jack on why markets aren’t random.
- Jack’s thoughts on whether or not the same opportunities exist today than it did for the Market Wizards.
- Why Jack thinks the majority of traders lose money.
- How Michael Marcus had disastrous beginnings and numerous failures before growing a $30,000 account to $80,000,000 in 12 years.
- Why traders need to be flexible in every way, and why successful traders don’t have any trouble exiting a position in the wrong direction and to flip it.
- How Jimmy Balodimas manages to break the rules and still generates huge profits.
- Simple versus complex trading methods, and why there’s not correct answer as to which ones will succeed.
- The way Jack defines a trading edge, and why it’s worthless without an edge even if you have the best money management in the world.
- How his company FundSeeder is working to find undiscovered trading talent around the world and connect them with outside investors.
Links and Resources:
- Market Wizards – The first installment of the Market Wizards series.
- The New Market Wizards – This book documents and gives insights into legendary traders.
- Hedge Fund Market Wizards – The most recent installment of the Market Wizards series.
- Market Sense and Nonsense –Jack’s most recent book that exposes common investing myths.
- FundSeeder.com – A platform where people can find out undiscovered trading talent. Traders also have access to tools to analyze progress.
- TradeShark.com – Link to a series of videos on the set of 4 indicators Jack has developed with Tradeshark.
- JackSchwager.com – Find out more about Jack on his personal website.
- @JackSchwager – Follow Jack on Twitter.
