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The Inner Voice of Trading by Michael Martin

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Chapter 4: Two Traders’ Paths

For the new trader, the book Market Wizards delineates some of the most remarkable success stories in almost heroic terms. Each trader interview includes technical examples to learn from. I’ve forgotten how many times I’ve read the book and how many times I’ve reverted to its sections—surely hundreds of times.

The traders depicted in Market Wizards and Schwager’s follow-up book, New Market Wizards, are often regarded as statistical survivors. Many of them might not have been around to become Market Wizards had they not developed their own inner voice by learning from their technical and emotional mistakes. The difference between investors who are unlucky and unknown and these market wizards lies in how they traders ...

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