THE MARKET WIZARD THREAD

Are you ... one of them?

 

Hi,

Its been some time since I read the books. But I had the impression that the majority of the names mentioned did arbitrage, not position trading. Most did stock vs. option arbitrages. Do I remember correctly?

Sridhar

 

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ADX;
Liked your read on Candletraders /Schwager read;
those derivatives personal opinions I dont think are shared by
William O'Neil
[Based on chapter 12 on options & real estate,
in book How to make Money in Stocks by William O 'Neil]

His short selling comments could be summed up;
made money in 2 bear markets, lost money in 7 bear markets;
made first fortune on 2 longs, 1 short stock.

Sure he favors long stock and does warn concerning options;
but he left a broker aparently partly involving shorting thier recommended longs

Like Steve Cohen & Mark Cook applications also,
[Newest Schwager top trader book]

 

I think that approach made Soros rich. Very rich. As Stanley Druckenmiller: "You have to be a pig to make a lot of money".

 

Bump... further contributions are welcome...

 

I have nothing to add.

nitro

 

Mr Baldwin made well over 30 millions
maybe 100 millions or more, He used to have
his private Jet (gulfstream 3- a $12 million/$3k hour jet)

a Upper Michigan country home..

But a I dont Know if he's still trading 3k a day at the 10 yr bond pit today.

I dont Think so

 

Hey Candle, maybe this has already been mentioned but let's not forget there is a third book in the Market Wizard series, titled, Stock Market Wizards: Interviews with America's Top Stock Traders.

I just got the book and am starting to read it. Even though I trade money not stocks I am sure there are some good tips on trading in general.

Coinz

 

I was fascinated by the fact that although math whizs Eckhardt and Trout disagreed on the value of moving averages (Trout was right ), they both agreed that RSI, stochastics, Gann angles and Fibonacci anything was all garbage. Always nice to have my gut feelings confirmed by the experts.

 

Mr. Schwager, when is your next book in the series coming out? (follow-up plus new traders)

edit: and to make a real contri: i liked seykota best, not only for trading, but certainly lessons for life as well.