About Jack Schwager
Mr. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. Mr. Schwager is one of the founders of Fund Seeder (FundSeeder.com), a platform designed to find undiscovered trading talent worldwide and connect unknown successful traders with sources of investment capital. Previously, Mr. Schwager was a partner in the Fortune Group (2001-2010), a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some of Wall Street’s leading firms, most recently Prudential Securities.
Mr. Schwager has written extensively on the futures industry and great traders in all financial markets. He is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last three decades: Market Wizards (1989, 2012), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). His other books include Market Sense and Nonsense (2012), a compendium of investment misconceptions, and the three-volume series, Schwager on Futures, consisting of Fundamental Analysis (1995), Technical Analysis (1996), and Managed Trading (1996). He is also the author of Getting Started in Technical Analysis (1999), part of John Wiley’s popular Getting Started series.
In 2015, Mr. Schwager partnered with TradeShark to release a set of proprietary indicators including Trend Weight, Overbought/Oversold, Directional Weight, and Dual Trend, accompanied by a series of eight videos explaining these indicators. Click here for link to videos.
Mr. Schwager is a frequent seminar speaker and has lectured on a range of analytical topics including the characteristics of great traders, investment fallacies, hedge fund portfolios, managed accounts, technical analysis, and trading system evaluation. He holds a BA in Economics from Brooklyn College (1970) and an MA in Economics from Brown University (1971).
Books by Jack Schwager
The books I have written can be broken down into four categories:
- The Market Wizard Series—These books, which are based on interviews with exceptional traders, are by far my most widely read books, accessible to lay readers and relevant to both novice and professional traders. The four books in the series listed in chronological order of original publication date are:
- The Little Book of Market Wizards–This book provides a concise summation of the key trading lessons garnered from the four Market Wizards books. The Little Book of Market Wizards
- A Complete Guide to the Futures Markets—A comprehensive and in-depth survey of the analysis and trading of futures markets, covering technical analysis, fundamental analysis, systems trading, performance measurement, spreads, options and trading methodology. This book originally published in 1984 has been fully revised and updated with a scheduled publication date of September 2016. A Complete Guide to the Futures Markets
- Market Sense and Nonsense–This book offers a compendium of investment misconceptions and is intended to be both pertinent to investment professionals and accessible to lay readers. Market Sense and Nonsense
Which book should you read first?
- The Market Wizard Series—The four books in this series can be read in any order. Even the oldest book in the series, Market Wizards (1989), remains entirely relevant today. The most logical choice for a first book is either the most recent book in the series, Hedge Fund Market Wizards (2012) or the aforementioned original Market Wizards.
- The Little Book of Market Wizards–This short volume book can be read either as a review of key concepts by readers of the original Market Wizards books or as an introduction to the series by new readers.
- A Complete Guide to the Futures Markets—This book is intended for readers interested in analytical techniques that can be applied to trading the futures markets. Although written to be be accessible to the serious layman, it contains material that would be of value to professional traders. More advances material is contained in a lengthy Appendix section.
- Market Sense and Nonsense–This book can be read before or after reading any of the Market Wizard books; it depends on the interests of the individual reader.
Thank you for your interest.
Jack Schwager speaker information
Jack Schwager is available for speech and workshop presentations. Fees depend on location and length of presentation. Further information is available by contacting Jack Schwager at firstname.lastname@example.org or 646-481-1416.
Talks can be tailored to any desired length, although 45-60 minutes is usually optimal. Multiple talks can be combined with breaks as part of a half-day or full-day workshop. A sample of talk topics is provided below. The first two talks are the most popular and work well for both professional and layman audiences. Other topics are possible as well. Talks and workshops are designed to fit client needs.
1. Common Denominators of the Market Wizards
This talk seeks to answer the question: What traits set apart those individuals who have achieved extraordinary success in the markets from everyone else? The talk is heavily anecdotal, based on the interviews conducted in the Market Wizards book series.
2. Hedge Fund Market Wizard Lessons
This talk is similar to Talk #1 with the essential difference being that if focuses specifically on the personalities and lessons of the traders profiled in Hedge Fund Market Wizards, the newest book in series (2012). It is very well suited for audiences that might contain a meaningful percentage of people who previously heard Talk #1.
3. Market Wizards Workshop (Parts 1-3)
This 3-part workshop includes all the material in Talks 1 and 2 above in addition to the equivalent of a third talk with new material not contained in either Talks 1 and 2.
4. Investment Fallacies Parts 1 and 2
These talks focus on a variety of investing misconceptions.
5. A Practical Guide to Performance Measurement and Risk Management
A focused talk intended for audiences with a specific interest in performance measurement and risk management. Best suited as the third session in a 3-part workshop including Investing Fallacies 1 and 2 rather than as single talk.
6. Testing and Evaluating Trading Systems
A focused talk intended for traders with interest in trading system testing design and evaluation. Best suited as a topic in a workshop presentation rather than as single talk.
7. Understanding Hedge Funds
This talk would be good overview for an audience with little or no knowledge in hedge funds, but a desire to learn the basics about this investment class. Can be an individual talk or part of workshop.
When I first created this Traders Log I had planned at some point to start adding new posts. Other time priorities, however, changed this expectation. I do not anticipate adding posts in the foreseeable future. I will leave the posts I originally provided in place. These posts relate to trades that motivated me sufficiently to write a comment to reinforce market lessons. They are notes that I wrote to myself. But I believe that most traders will find at least some of these comments helpful and quite possibly personally pertinent. The number of entries are far fewer than the relevant trades because, in most cases, I didn’t take time to write up the trade. Unless otherwise noted the charts were generated on the Thinkorswim platform on Ameritrade.