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The Little Book of Market Wizards: Lessons from the Greatest Traders QUOTES

The Little Book of Market Wizards: Lessons from the Greatest Traders QUOTES

1 " When asked what he thought the average trader did wrong, Tom Baldwin, who in the days before electronic trading was the largest individual trader in the Treasury bond pit, replied, “They trade too much. They don’t pick their spots selectively enough. "

― Jack D. Schwager , The Little Book of Market Wizards: Lessons from the Greatest Traders

2 " Indeed, I have found that confidence is one of the most consistent traits exhibited by the successful traders I have interviewed. "

― Jack D. Schwager , The Little Book of Market Wizards: Lessons from the Greatest Traders

3 " Even a poor trading system could make money with good money management. "

― Jack D. Schwager , The Little Book of Market Wizards: Lessons from the Greatest Traders

4 " There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer. "

― Jack D. Schwager , The Little Book of Market Wizards: Lessons from the Greatest Traders

5 " But the fact is: The people who are really successful in trading are tremendously hard workers. "

― Jack D. Schwager , The Little Book of Market Wizards: Lessons from the Greatest Traders

6 " If I try to teach you what I do, you will fail because you are not me. If you hang around me, you will observe what I do, and you may pick up some good habits. But there are a lot of things you will want to do differently. Colm O’Shea "

― Jack D. Schwager , The Little Book of Market Wizards: Lessons from the Greatest Traders

7 " The idea that trading success is tied to finding some specific ideal approach is misguided. There is no single correct methodology. "

― Jack D. Schwager , The Little Book of Market Wizards: Lessons from the Greatest Traders

8 " Generals always fight the last war, "

― Jack D. Schwager , The Little Book of Market Wizards: Lessons from the Greatest Traders

9 " Failure Is Not Predictive "

― Jack D. Schwager , The Little Book of Market Wizards: Lessons from the Greatest Traders

10 " In trading, 80 percent of your profits come from 20 percent of your ideas. "

― Jack D. Schwager , The Little Book of Market Wizards: Lessons from the Greatest Traders