Great Video By "Market Wizards" Author

Just want to share a video by Jack Schwager who is the author of Market Wizards. This book is one of the most popular books on trading, and is basically a series of interviews with some of the world's best traders.I really enjoyed the video, it is filled with gems of wisdom and is pretty entertaining too, do watch it!

Here are some of the key points of the video:

• You must find a trading system that suits your personality.

• The curious thing about trading is that it is the only craft where an absolute beginner can step into and have a 50/50 % chance of being right.

• Trading should be effortless. The hard work comes during the preparation. It’s like a poor runner; he spends a lot of effort running, while a pro does it effortlessly. However the pro got there through hard work and preparation.

• Never listen to opinions.

• The best traders are very confident.

• Professional traders understand that losses are common, and have no problem taking them. Amateurs however want to get out even because it feeds their ego and their need not to be wrong.

• Patience is essential to good trading, wait for only the best setups and not over trade. Also, stay with the best trades and not get out too soon. The big money is in the sitting. We need patience both in getting in, and in getting out.

• A good trader does not have loyalty to his positions. He has immense flexibility and is able to switch his bias immediately.

• Trading is like a game to the best traders, they have great passion for it.