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Hi Glen
Thanks for your link. I liked the rest of the paragraph also, especially the
reminder about the hard work.
"Amongst the many aspects to being a market wizard, Schwager highlighted a
number of the most important. One tenet with which this Editor could not
agree more was Schwager's exhortation to "Fit your methodology to your
personality." Equally important is to have an edge in your trading. If you
don't have an edge in your trading rationale, then you won't win. Equally,
Schwager noted that almost all of the truly top traders are workaholics. The
concept that a mere few hours of research will garner enormous profits is
sadly mistaken. Moreover, Schwager was keen to decry the notion that even a
fairly mediocre system allied to good risk management techniques will
ultimately win the day. Rather, Schwager pointed to one of the folk he has
interviewed for his new book, who was formerly a physicist and has now
turned his hand to trading markets. Thanks to finding a chink in the Black
Scholes model, he has amassed a handy fortune. That's the sort of edge which
market wizards commonly possess. "
Best regards
Walter
----- Original Message -----
From: "Glen Wallace" <gcwallace@xxxxxxxx>
To: "MetaStock listserver" <metastock@xxxxxxxxxxxxx>
Sent: Thursday, December 16, 1999 10:57 AM
Subject: Jack Schwager presentation
| An excellent report on a recent presentation by Jack Schwager at
| http://www.adtrading.com/adt45/schwagwiz.hts Here is an excerpt:
|
|
| "Amongst the many aspects to being a market wizard, Schwager highlighted a
| number of the most important. One tenet with which this Editor could not
| agree more was Schwager's exhortation to 'Fit your methodology to your
| personality.'"
|
|