When it comes to investment models and theories of how marketswork, convenience usually trumps reality. The simple fact is thatmany revered investment theories and market models are flatlywrong—that is, if we insist that they work in the real world.Unfounded assumptions, erroneous theories, unrealistic models,cognitive biases, emotional foibles, and unsubstantiated beliefsall combine to lead investors astray—professionals as well asnovices. In this engaging new book, Jack Schwager, bestsellingauthor of Market Wizards and The New Market Wizards,takes aim at the most perniciously pervasive academic precepts,money management canards, market myths and investor errors. Like somany ducks in a shooting gallery, Schwager picks them off, one at atime, revealing the truth about many of the fallacious assumptions,theories, and beliefs at the core of investment theory andpractice.
JACK D. SCHWAGER is a recognized industry expert onfutures and hedge funds and the author of the widely acclaimedMarket Wizards and Schwager on Futures book series.He is currently the co-portfolio manager for the ADM InvestorServices Diversified Strategies Fund, a portfolio of futures and FXmanaged accounts. He is also an advisor to Marketopper, anIndia-based quantitative trading firm. Previously, Mr. Schwager wasa partner in the Fortune Group, a London-based hedge fund advisoryfirm, which specialized in creating customized hedge fundportfolios for institutional clients, and also spent over twentyyears as a director of futures research for some of Wall Street'sleading firms.
This friendly, practical, guide explains candlestick chartingand technical analysis in plain English. In no time, you’llbe working with common candlestick patterns, analyzing tradingpatterns, predicting market behavior, and making your smartesttrades ever. You’ll discover the advantages candlestick hasover other charting methods and learn the secrets of combining itwith other technical indicators. You’ll also get familiarwith different ways to display and interpret price action,including trend lines, support levels, resistance levels, movingaverages, and complex indicators. Discover how to:Construct candlestick chartsIdentify and interpret basic patternsTrade in bull and bear marketsWork with complex patterns and indicatorsAvoid False signalsUnderstand the components of market activityDeal with bullish or bearish single-stick, two stick, andmultistick patternsIdentify and interpret complex patternsUse indicators to determine the marketOutperform the market in any conditions
Don’t know whether to grab the bull by the horns or justgrin and bear it? Read Candlestick Charting For Dummies andget it right the first time.
What differentiates the highly successful marketpractitioners—the Market Wizards—from ordinary traders?What traits do they share? What lessons can the average traderlearn from those who achieved superior returns for decades whilestill maintaining strict risk control? Jack Schwager has spent thepast 25 years interviewing the market legends in search of theanswers—a quest chronicled in four prior Market Wizardsvolumes totaling nearly 2,000 pages.
In The Little Book of Market Wizards, Jack Schwager seeksto distill what he considers the essential lessons he learned inconducting nearly four dozen interviews with some of the world'sbest traders. The book delves into the mindset and processes ofhighly successful traders, providing insights that all tradersshould find helpful in improving their trading skills andresults.Each chapter focuses on a specific theme essential to marketsuccessDescribes how all market participants can benefit byincorporating the related traits, behaviors, and philosophies ofthe Market Wizards in their own tradingFilled with compelling anecdotes that bring the tradingmessages to life, and direct quotes from the market greats thatresonate with the wisdom born of experience and skill
Stepping clearly outside the narrow confines of most investmentbooks, The Little Book of Market Wizards focuses on thevalue of understanding one's self within the context of successfulinvesting.
Want to know the strategies of successful swing trading? Thisfriendly guide covers the ins and outs of this risky but profitableinvesting approach, explaining all the basics in plain English.You'll see how to use the two investment approaches - technical andfundamental analysis - to indentify promising securities instrongly trending markets. In addition, this guide covers how tocalculate investment returns and, most important, how to manageyour portfolio's risk.Learn from a highly experienced trader, analyst, and portfoliomanager - the author shares his insider knowledgeUnderstand often overlooked topics such as money management,journal keeping, and strategy planning - key areas that willlargely determine your successFocus on the fundamentals - often overlooked by swing traders,fundamental analysis can increase your chance of successDetermine your entry and exit points with technical analysis -read charts, apply indicators, and compare marketsEvaluate companies with fundamental analysis - grasp the basicsof financial statements and the criteria to screen for undervaluedor overvalued stocksDevelop and implement your trading plan - outline what youtrade and how often, decide your risk tolerance, and calculate yourperformance
Open the book and find:The differences among swing trading, day trading, andbuy-and-hold investingThe pros and cons of technical and fundamental analysisA step-by-step anatomy of a tradeA wealth of charts and screenshotsReal-world examples of swing trading successesThe 10 deadly sins of swing trading - avoid at all costs!Sample trading plansUseful resources for navigating data