January 9, 2019

Jack Schwager: Polar Extreme Approaches To Trading

Video Duration: 6 minutes

Record date: May, 2015

Video Highlights: 

On one hand you have Jim Rogers who's the world's biggest cynic about technical trading. He's very long-term, fundamental ideas and done successfully all his life. His comment about technical analysis is, "I never met a rich technician unless you count the ones that sell their services". That's a summary of his opinion about technical analysis and he's been extremely successful. 

But you got people like Marty Schwartz who started out as a stocks trader and told me he lost money every year trading about fundamentals and then found technical analysis and got wealthy as a technician. 

So you can take people who have not only different approaches but have approaches that are polar extremes and consider each other's approaches complete nonsense and yet they're both extremely successful.

Here are some of Schwager's books available for sale on Amazon: 

Market Wizards, Updated: Interviews with Top Traders (2012) 
The New Market Wizards: Conversations with America's Top Traders (1994)
A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles (2017)