Machine generated contents note: Foreword (Peter Brandt) Preface Chapter 1: Failure is Not Predictive Chapter 2: What is Not Important Chapter 3: Trading Your Own Personality Chapter 4: The Need for an Edge Chapter 5: The Importance of Hard Work Chapter 6: Good Trading Should Be Effortless Chapter 7: The Worst of Times, The Best of Times Chapter 8: Risk Management Chapter 9: Discipline Chapter 10: Independence Chapter 11: Confidence Chapter 12: Losing is Part of the Game Chapter 13: Patience Chapter 14: No Loyalty Chapter 15: Size Matters Chapter 16: Doing the Uncomfortable Thing Chapter 17: Emotions and Trading Chapter 18: Dynamic Versus Static Trading Chapter 19: Market Response Chapter 20: The Value of Mistakes Chapter 21: Implementation versus Idea Chapter 22: Off the Hook Chapter 23: Love of the Endeavor Appendix: Options--Understanding the Basics1 Notes About the Author "Whether you're an active trader, or simply want a better understanding of how to succeed in today's markets, you'll benefit from the wisdom and insight renowned "Traders' Hall of Fame" award winner. Now, Jack Schwager hands you the strategies of the most sought after traders. Through his bestselling Market Wizards books, Schwager has probed the minds of the world's most respected investors, studying their personal traits and learning the secret techniques that have turned them into investment role models. Now a professional investor and successful fund manager in his own right, Schwager shares his own secrets, along with those of his prominent "Wizards." This book will enable you to master the fine art of trading as you discover and apply the key methods and traits shared by the world's most acclaimed traders. Find critical, yet often overlooked factors for understanding: * How to avoid losing faith during down markets, and confidently pull profits in any market condition * The dangers of overtrading--how to react when no position is the right position * The value of "self-analysis" for finding a trading method that fits your personality and goals * The real risk in volatility * How to develop the habit of "disloyalty" * Why you MUST learn how to change directions--and how to do it quickly Plus, the keys to developing discipline, good money management skills, and avoiding the risks inherent in second-guessing your own system--all learned from the Market Wizards themselves and revealed here for you"-- Description based on print version record and CIP data provided by publisher