Market Masters (Michael McCarthy)

Trader's Library #18 · Interviews with traders. A lighter, modern version of “Market Wizards”.

Author: Michael McCarthy · Original: transcripts of CMC Markets podcasts (Australia) · Year: 2017 · Usefulness for traders: ★★★☆☆

What it's about

Transcripts of a CMC Markets analyst's conversations with traders and investors, originally released as podcasts in Australia. The interviewees include Jack Schwager, Linda Raschke, Brett Steenbarger, Raoul Pal, Ray Barros and CMC founder Peter Cruddas.

What it gives a trader

Short conversations in the spirit of Schwager: about the path into the profession, failures, psychology and edge. The interviews with Raschke and the trading psychologist Steenbarger are the most valuable for an intraday trader.

Lessons for traders

• every interviewee went through a stage of big losses
• working on your psychology is part of the craft, not an extra
• an edge is a combination of method, risk and personality

What to watch out for

The conversations are shorter and shallower than Schwager's. A broker's promotional publication.

Discussion

The discussion takes place in Hetman Capital Club (in Polish). Join the discussion in the Club →

Navigation

← #017 The Alpha Masters (Maneet Ahuja) · Library index · #019 How to Invest: Masters on the Craft (David M. Rubenstein) →

Educational content, not investment advice. The book description is my own summary and assessment, not quotations. Edition details were checked in catalogues and bookshops, and where there was doubt I said so plainly.