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The Best Piece of Trading Advice Jack Schwager Ever Received

Posted by TopstepTrader on September 02, 2018

Jack Schwager is the legendary author of the Market Wizards series of books, including Market Wizards, The New Market Wizards, Stock Market Wizards and Hedge Fund Market Wizards. He’s interviewed dozens of successful, consistently profitable traders that have made tens of millions (or billions) from the markets and distilled their best words of wisdom down into 10-20 pages each.

So when Jack says this is the best piece of advice he’s ever received, you have to take hold. What is it?

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Topics: Trading Basics, Forex, Futures, Jack Schwager, September Trading Insights, Bruce Kovner

Interview with Trading Legend Larry Benedict: How I Built 20 Years of Consistent Profits

Posted by TopstepTrader on August 07, 2018

If you saw Larry Benedict's trading early in his career, you wouldn't expect him to be successful. He couldn't stop losing money. In Hedge Fund Market Wizards, Jack Schwager titled his chapter "Beyond Three Strikes."

But there's a reason that Schwager put Benedict in Chapter 3, right after Ray Dalio — who runs Bridgewater Associates, the largest hedge fund in the world. It's because Benedict has a track record that rivals them all: 20 years of gains. Perhaps more impressive, during the run from 2004 to 2012, his fund returned 11.5% per year net of fees with just a 5% maximum drawdown. (Don't forget what happened in 2008 and 2009 to markets!) 

Topstep's Eddie Horn caught up with Larry in this episode of Limit Up! to talk about his trading, how he's become so successful, what he's learned along the way, and why he launched The Opportunistic Trader as a way to bring hedge fund-like knowledge to retail futures traders. 

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Topics: Trading Basics, Market Wizards, Limit Up!, Futures, Larry Benedict, Jack Schwager

Jack Schwager: Secrets of the World's Best Traders

Posted by TopstepTrader on May 24, 2018

No one has studied the world's best traders like Jack Schwager has. That's why it was incredible that he dialed into the Limit Up! studio to share his  insights. 

Among these insights, Jack said that the best piece of advice he received was to “know where you’re gonna get out before you get in.” That advice came from Bruce Kovner, a trader that built a $5.4 billion fortune (here's how).

Check out this interview and be sure to subscribe to Limit Up on iTunesGoogle Play or SoundCloud to get the fresh episodes each week delivered to your inbox.  

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Topics: Trading Basics, Limit Up!, Forex, Futures, Jack Schwager

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