The Common Traits of Stock Market Wizards | Interview with Jack Schwager

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  • čas přidán 24. 08. 2024

Komentáře • 79

  • @TraderLion
    @TraderLion  Před 3 měsíci

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  • @brianwong1908
    @brianwong1908 Před 2 lety +14

    Wow, Stan, David, Mark, and then now Jack?
    Incredible!
    This channel must be spread

  • @xiaozh99
    @xiaozh99 Před měsícem

    It's great to finally listen to Jack. His book was required reading for my Financial Engineering course at Chicago besides our course texts (Hull, Cox and Rubenstein)

    • @TraderLion
      @TraderLion  Před měsícem

      That's a great lineup to learn from!

  • @successhighway
    @successhighway Před 2 lety +2

    Your this channel is a gold mine for guys like us who want to hear the experienced giants of trading. Their experiences cut our learning curve times especially risk management aspects...

  • @realcolecorcoran
    @realcolecorcoran Před rokem +1

    I've been day trading the Forex markets for the last 2 years and this is probably the best channel I've stumbled upon for trading interviews! I really liked the Jared Tendler one as psychology can be directly applicable to any type of trader!
    Thanks for your hard work bro these videos are very helpful!

  • @yuthpatirathi2719
    @yuthpatirathi2719 Před 2 lety +5

    Richard you're the nexr Jack. Amazing interview

  • @TraderLion
    @TraderLion  Před 2 lety +10

    Timestamps:
    0:00 Introductions
    0:35 The Story behind Market Wizards
    4:05 How did Jack find Stock market Wizards
    5:27 Jack's trading background
    6:25 How Jack decided what what questions to ask
    8:10 Was Jack ever intimidated during his Interviews
    10:05 Baldwin Interview Story
    13:42 Jack's Favorite question to ask
    14:58 Interviewing Ray Dalio
    17:30 Interviewing William O'Neil and David Ryan
    19:12 O'Neil Story
    21:15 Common Traits of Stock Market Wizards
    24:10 Mental Preparation and Psychology
    25:15 Post Analysis and Tracking Mental State
    27:20 Optimism and Confidence
    29:14 Could anyone become a Market Wizard?
    32:05 Common Skills of Market Wizards Ed Thorp Example
    34:25 Routines of Market Wizards
    35:00 Performance Metrics. Sharpe Ratio, Sortino Ratio
    41:00 Deep in the money Options Strategy
    47:00 Risk Management
    50:12 What Historical Trader would Jack want to interview?
    52:20 Jack's Favorite Interviews
    54:30 Key Takeaways from Market Wizards: Trading Psychology and Risk Management
    56:00 Being able to admit you made a mistake
    58:30 Letting your Ego Go - Marty Schwartz
    1:00:00 Professional Loss Taker
    1:01:30 Jacks Recommended Books
    1:06:10 Jesse Livermore
    1:07:49 Finding Market Wizards
    1:13:49 Jack's Advice for New Traders

  • @blackpeppericecream
    @blackpeppericecream Před 2 lety +4

    This is an interview with an interviewer sharing his interviewing experience with another interviewer within an interview, this should be called the interstellar interview

  • @davidk8457
    @davidk8457 Před 2 lety +1

    Great Interview ! read New Market Wizards in the early 90's and still have it today (ear marks included) New Market Wizards really opened my eyes to trading and the life of a trader. Just a classic book, thanks Jack !!

  • @figgy163
    @figgy163 Před 2 lety +2

    Another outstanding interview, thanks to Richard Jack and the Traderlion team.

  • @dooft555
    @dooft555 Před rokem +2

    I wish I had the swagger of Schwager

    • @TraderLion
      @TraderLion  Před rokem

      Don't we all, David! Thanks for watching!

  • @simonroese2596
    @simonroese2596 Před 2 lety +2

    I love this channel
    Been following the market a while and hands down one of the most valuable trading info

  • @anshultyagi7103
    @anshultyagi7103 Před 2 lety +4

    Doing one helluva job mate!!! Amazing videos. Thanks for putting in the effort. Keep them coming- can't wait to learn from the best in class !!! Thanks again

  • @kissingmyass
    @kissingmyass Před 2 lety +4

    This channel is really underrated !

  • @k.6160
    @k.6160 Před 2 lety +2

    Great interview! Fun. I can't wait to read his books!! I appreciate that he says to let an interview go off course naturally, but I love the questions you ask. They are really good and thoughtful.! I learn so much From these interviews! Thank you Richard!$$

  • @Satvikjeewan
    @Satvikjeewan Před 2 lety +2

    Thanks Bro for your effort and Hard work for us.🙏🙏

  • @mudasar1
    @mudasar1 Před 2 lety +2

    Nice guy and some honest display of knowledge.

  • @PortgasDACE-gz5tx
    @PortgasDACE-gz5tx Před 2 lety +3

    Our next Jack Schwager is Richard moglen !

  • @TacticalSpray
    @TacticalSpray Před 2 lety +12

    Treating us to some great interviews. The one you did with Mark Minervini the other day was so good. The bits about 'improving the worst case scenario' were gold. I've put this video at the top of my watch later for my commute tomorrow. Looking forward to it and thanks for your great content.

  • @yuandollar
    @yuandollar Před 2 lety +1

    Passing of the torch

  • @Yetified_Mayhem
    @Yetified_Mayhem Před 2 lety +2

    Awesome! Need Qullamaggie soon

  • @MakuLabs
    @MakuLabs Před 2 lety +2

    Exceptional interview. Give us Moooaaarrr! 🤠

  • @polz0vatel
    @polz0vatel Před 2 lety +3

    Hi, Richard! Do you think it will be possible to make another interview with Pradeep Bonde? Very interesting how he trades earnings actually.
    Thank you for doing this videos;)

  • @tarun73k
    @tarun73k Před 2 lety +2

    Pure GOLD!!

  • @albertofernandez-sanguino3373

    Brilliant, simply astounding

  • @carterfinance2376
    @carterfinance2376 Před 2 lety +3

    I wonder how you get the GOATS on here

  • @walksoflifeph
    @walksoflifeph Před 2 lety +2

    Best time to be a trader.

  • @Pmz604
    @Pmz604 Před rokem

    be a good listener

  • @eddiem1155
    @eddiem1155 Před 2 lety +2

    Another heavy hitter! Thanks

  • @mohammadfarzan230
    @mohammadfarzan230 Před 2 lety

    Thanks

  • @thebeginnerukuleleplayer4285

    What's the second book Jack mentions?

  • @ankurq7
    @ankurq7 Před 2 lety

    Is this an earlier interview? I think I saw something like this before

  • @theyoungkulaks3381
    @theyoungkulaks3381 Před 2 lety +3

    Great interview and wonderful insights. I like his books
    I have my own question: Jack, when are you going to admit you were wrong to vote for ...
    LET'S GO BRANDON!!!!!!!!!!!!!

    • @YouLoveMrFriendly
      @YouLoveMrFriendly Před 2 lety

      Lmao. Old Democrats are blind to what's happening around them. Also, he probably wanted to say "Let's Go Brandon," but doesn't have the b@lls to do it.

    • @AlejandroRasmussen7
      @AlejandroRasmussen7 Před 2 lety +1

      He hates Trump…but loves Soros…

    • @AlejandroRasmussen7
      @AlejandroRasmussen7 Před 2 lety

      Biden has never admited he has been wrong …and he has had major fuck up after major fuck up..but butt hurt liberals like schwager are obvlivious to this

    • @theyoungkulaks3381
      @theyoungkulaks3381 Před 2 lety

      @@AlejandroRasmussen7 lol yep.

  • @Mrfoo2002
    @Mrfoo2002 Před 2 lety +2

    Richard. How the hell are you getting all these people on….

    • @gokublack4832
      @gokublack4832 Před 2 lety +5

      He's a fantastic interviewer, lets them talk, and has a following to help them promote their brand. Seems like a no brainer for them to come on

    • @TraderLion
      @TraderLion  Před 2 lety +2

      Thank you! I appreciate that

  • @achimnatsulegend3390
    @achimnatsulegend3390 Před 2 lety +1

    1 percent per tade. , if you have a 80 percent change that the trade will be a winner, why couldnt you rishk, 7 , 8 percnet ? this doesnt make anysense the 1 percnet thing

    • @sommi888
      @sommi888 Před 2 lety

      because that whole "80% win rate" thing is only illusion in your mind. it can change down to a 50/50 win rate next year and you wouldnt know until its too late. markets are chaotic and dynamic and always changing. there is no 1 strategy that keeps working and working, needs adaption

    • @achimnatsulegend3390
      @achimnatsulegend3390 Před 2 lety

      @@sommi888 your right , things can change overtime over years , over decadeds but 80 80 % w r is not chaotic i have a few setups who have 80 % w r