Trading
The New Market Wizards
Jack D. Schwager
The second volume of Jack Schwager's interviews with top traders, this time including option traders. Schwager is a long-time futures researcher and hedge fund portfolio manager. It covers how traders manage risk and think about markets. For beginners who enjoyed Market Wizards.
Placeholder review body — editorial copy will replace this section.
This page summarizes why The New Market Wizards belongs in our catalog. A full chapter-by-chapter review is planned; until then, use the verdict above and related picks below to decide whether it fits your stack.
Browse more in the full book catalog or filter by Trading Psychology.
Jack D. Schwager
Jack Schwager spent over twenty years as a director of futures research at leading Wall Street firms and later managed hedge fund portfolios. He interviews top traders across markets and draws out shared principles: risk control, discipline and adapting to markets. For beginners, as an entry point to trading literature.
Edwin Lefèvre
Edwin Lefèvre was a financial journalist who served as financial editor of Harper's Weekly. His thinly fictionalized account of speculator Jesse Livermore is a classic trading memoir, with lessons on speculation, crowd behavior and risk that still apply. For beginners and anyone interested in market history.
Nassim Nicholas Taleb
Taleb's earlier and more market-focused book on luck versus skill in trading results, drawn from nearly two decades as a quantitative trader. For beginners and anyone who judges strategies by past results.
Alexander Elder
Alexander Elder, MD, is a former psychiatrist who taught at Columbia University and became a professional trader and educator. In one primer he combines trading psychology, technical tactics and money management. For beginners who want one broad starting book. The site's ASIN is the 1993 original edition.