Yesterday Norman brought us a guest blog post that I think most everyone that read it enjoyed (re-read here) and I've asked him back to teach us a little about the mental aspect of being a successful trader. We know it's more then just picking winners, but Norman also lays out 7 other crucial steps that you should follow. Also his 71 page ebook has been read by over 25,000 traders just like you, and you don't want to be the only one without his free teachings. Grab his 71 page ebook, enjoy the article, and comment, THANKS!
Many investors take actions that aren’t in their best self-interest. They make irrational trades; they trade based on emotion, rather than logic; they hold on to a losing position due to their unwillingness to admit they made a bad trade; they trade based on greed or panic… the list is endless.
Successful traders, on the other hand, all have a few things in common. Developing these characteristics and habits will help make you a successful trader. 1) Successful Traders Set Goals
Jack Schwager is the kind of man that has had a career that would would fill a 20 page resume. He's done it all, and all signs point that he's not anywhere close to stopping. Currently, Schwager is the executive director of the board of Fortune Group. He is also the senior portfolio manager for the Global Fund Analysis team at Fortune and the principal investment manager of the Market Wizard Funds.
Schwager is probably best known for the many books he published in the 80s and 90s, which became classics in the financial community. With over 10 titles to his name, Schwager's books were well received and continue to sell as timeless guides to financial success.
His titles include:
A Complete Guide to the Futures Markets: Fundamental Analysis (1984)
Market Wizards: Interviews with Top Traders (1993)
The New Market Wizards: Conversations with America's Top Traders (1994)
Schwager on Futures: Fundamental Analysis (1995)
Schwager on Futures: Technical Analysis (1996)
Schwager on Futures: Managed Trading (1996)
Getting Started with Technical Analysis (1999)
Stock Market Wizards: Interviews with America's Top Stock Traders (2003)
Market Wizards: Interviews with Top Traders (2006)
Wall Street Stories: Introduction by Jack Schwager (2008)
The Market Wizard series allows individual traders to look over the shoulders of some of the world's most successful traders, investors and CEOs. These in-depth interviews explore each expert's trading career, trading philosophy and market anecdotes. Schwager attempts to identify similar characteristics and traits among this group of successful individuals.
If you haven't read the Market Wizard series, then you just have to watch the Jack Schwager's free presentation of “Market Wizard Insights,” on INO TV Free.
In this complimentary 85-minute video, Jack Schwager will talk about the Market Wizard series and give you an inside view of his finding throughout the years. Remember, you can pause, stop or replay the video anytime... so watch it at your own leisure.
If you've already signed up for our INO TV free version, just enter your email address and password and you're good to go.