Market Wizards: How to Become a Successful Trader with Jack Schwager | WOR Podcast - EP.121

Market Wizards: How to Become a Successful Trader with Jack Schwager | WOR Podcast - EP.121

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On this episode of the Words of Rizdom podcast we are joined by Jack D. Schwager in what is arguably the biggest episode ever released on this channel. He is a well-known trader, fund manager, and an industry expert in futures & hedge funds. He's the author of the best-selling book Market Wizards alongside many other books that have impacted millions of traders across the globe. He's been described as "Hands-down one of the most gifted investment authors on the planet". He's spent decades interviewing the most successful & profitable traders in the world and Jack was one of my biggest inspirations to starting the Words of Rizdom channel so it was an absolute honour to to able to sit down with him. Set aside a couple hours, grab your notebook and enjoy this incredible podcast packed with insane value.


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Guest's Socials: https://x.com/jackschwager


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Riz’s Instagram: https://instagram.com/wordsofrizdom

Riz’s Twitter: https://x.com/wordsofrizdom

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I hope you all enjoy this episode, let me know who you'd like to see on the podcast.

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Timestamps:

00:00:00 - Introduction

00:04:50 - Discovering the World of Commodities

00:09:53 - Researching Market Statistics

00:19:34 - Finding Success in Trading

00:25:04 - Finding Unknown Traders

00:30:16 - The Role of Technical Analysis in Risk Management

00:35:19 - The Transition to Technical Analysis

00:40:12 - Adjusting the interview style

00:45:18 - The Importance of Having an Edge in Trading

00:50:05 - The Exceptional Trader

00:54:43 - Dynamic Risk in Trading

00:59:35 - Recognising Emotional Response in Trading

01:04:39 - Trading Psychology and Managing Emotions

01:09:29 - The Importance of Clarity and Objectivity in Trading

01:14:27 - Trading with Caution

01:19:25 - Managing Large Sums of Money

01:24:14 - Adaptability in Trading Styles

01:29:35 - The Rise and Fall of NFTs and Cryptocurrency

01:34:26 - The Insanity of Stock Trading

01:38:55 - The Importance of Finding an Approach That Works for You

01:43:58 - The Impact of Changes in the Market

01:48:52 - The Success and Impact of Market Wizards

01:51:05 - Final Advice and Outro

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DISCLAIMER: I am not a financial advisor. The videos on my channel are for educational purposes only.


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