Stock Market Wizards: Interviews with America's Top Stock Traders Paperback – April 15, 2003

Occasionally you get to read a book that you want to rate as 6 out of 5, it's that good. That's how I feel about this book.People that will benefit the most from this book are ones that are already trading actively and are experiencing mixed results, or failure. The book is filled with specific advice that all the traders would benefit from, but I don't think a novice would appreciate it as much as someone that's in the business and is trying to get better.It's incredible to witness a variety of styles and approaches that work, and work incredibly well. The results that these traders generate are mind boggling, and the amount of work each and every one of them do is humbling to say the least.You will not walk away with specific trading strategies, but instead will get a type of tenants to follow to reach success. Then it will be up to you how far you will go, and if you will commit to become a successful trader.Can't wait to read and go over my notes from this book just to let the ideas sink in one more time.

Solid trading information look at this book to see a detailed system.The Universal Tactics of Successful Trend Trading: Finding Opportunity in Uncertainty delivers powerful and practical advice for the serious trend trader. Using the principles identified in The Universal Principles of Successful Trading, author Brent Penfold shows curious investors how to become a long-term winner with tried-and-true trend trading methodologiesAndWould look at the undermentioned book on how to implement dow theoryW. H.C. BassettiStairStops Using John Magee's Basing Points to Ratchet Stops in Trends: Using John Magee's Basing Points to Ratchet Stops in TrendsDescribes a robust and powerful method for setting rising (or falling) stops in trends. Using wave analysis similar to Dow Theory it is a virtual algorithmic, but natural, method for trend following

After reading most of the reviews I was not expecting this book to be as good as his first two books. However, after reading it and going back to take notes of what I highlighted I have to admit that I enjoyed this book just as much as the first two. Perhaps because the first two were geared to the futures market and the new book is all stocks.I also agree with some of the other reviews about some of the interviews being weak. Although I am a growth/momentum trader I was really looking forward to the interview with Mark Minervini but after reading it I was very disappointed. If his account size is the half the size of his ego then he would be the richest man in the world. I am automatically suspicious of someone who has a goal of being interviewed as a "market wizard". Although I did write a few notes from his interview I noticed that he really didn't have anything new to say that he didn't get out of a book like How to Trade in Stocks or How to Make Money in Stocks. He almost quoted these books to the letter. He also didn't give any background of how he got started trading, how he trades, or his "secrets". (for all you new traders out there are no secrets just hard work) I am sure his "secrets" are nothing more than patterns he read in a book. I am not expecting to reveal everything you do but why even include him in the book if he is such a difficult person to talk to. After reading his interview I decided to check out his website and I had to laugh at the returns he has on it. From 1995-1999 he has averaged a 220% compounded annual return. While this is a great number it also happens to be the greatest bull market in history during that time. I started trading in 1998 and in 98 and 1999 I had triple digit returns. So if someone just starting out can make those type of returns what makes him so special? What would really be interesting is to see how he has done since spring 2000 to the present but that is conveintely left off his site.There were some other interviews worth reading like Mark Cook and Stuart Walton. Both of whom know there are no "secrets" to trading. Also the interview with the pure short seller was interesting. She said that she didn't like to trade on the long side because making money didn't seem like work to her but selling short in a bull market takes a lot of work. I kept asking myself during the interview if because she is a woman she feels she needs to "work" at her job in order to be respected. From my point of view she seems like she needs to prove something to somebody or mayber to herself.Although some of the interviews could have been deleted this is a good book especially if you trade stocks you can relate to stories better than the first two books. I agree with one of the other reviewers I would like to see a follow up on the market wizards of all three books to see how they have done and what has or hasn't changed.

This is an inspiring or encouraging book if you are really interested in improving your stock investing skills! I guess that could be a good or bad thing because you get a sense of "If these guys were that bad when they started out and then became really successful, that could be me too!"This book gives you incredible insight into the minds of successful investors. There is so much to digest, I will probably read it again soon. It's really incredible how many successful investors blew it all to begin with, took their lumps, and learned from it.Overall, it's an incredibly easy read and a real page turner, even from someone like me who isn't much of a reader! If you're into stock investing, I really suggest giving this book a thorough read before diving in and losing it all!

I'm rather new to trading and investing and have not read many books on the subject before so I was afraid going into this that it would be too technical or dry like the intelligent investor, it's not. You get first hand accounts from people that have started young with their sight set very high, some crashed and burned multiple times while others figured it out on the first try. Jack does a good job with the interviews and keeps it exciting for the reader while at the same time getting you inside the head of the person he is interviewing. I'm planning on reading this book every year, there are many important lessons to be learned in this book and I love that you are getting insight into some of the best stock market traders of the past couple decades. This is a must read if you are new to trading stocks!

This is a great book to get the perspective from some of the best stock trades. It's a good read and has many insights that can help you understand the thought process behind these great traders.