Millionaire Traders: How to outplay Wall Street professionals on their own turf
Original title: Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game
Author: Ketty Lin, Boris Schlossberg
Publisher: Alpina Publisher, 2012.
ISBN 978-5-9614-1584-1
Pages: 284 pp.
Format: 70×100/16 (170x240 mm)
Circulation: 1500 copies.
Weight: 350 g
Binding: Paperback
Read "Millionaire Traders: How to Outplay Wall Street Professionals on Their Own Field".
Citation
"The market will forgive you many things, including unsuccessful, even stupid trades, but it will not forgive you for losing capital. If you lose capital, you can't make up for your losses. That's why all the traders we talked to were primarily concerned with preserving capital." Ketty Lin, Boris Schlossberg
What the book "Millionaire Traders" is about
About why and how people become more than just tradersbut successful gamblers making a fortune. Lin and Schlossberg have kept the author's text to a minimum, and their skill is evident in the well chosen questions to the millionaires and the masterly thesis statement in each chapter.
Why Traders Millionaires is worth reading
The form of the interview always encourages more careful reading. There is a minimum of precepts and "universal" rules, and a maximum of openness and personal experience. The interviewees are exclusively mere mortals who have joined the trading almost penniless.
The book's characters cover the stock, futures, options, and currency markets in their stories. The characters in the book are Americans, but of different nationalities, which undoubtedly demonstrates the characteristics of each of them.
Who are the authors
Ketty Lin is the Chief Strategist at FXCXI in New York. Her book "Intraday Forex Trading: Technical and Fundamental Strategies for Profiting from Market Fluctuations" (2005), written for both beginners and experts, has received wide acclaim.
Boris Schlossberg is a currency strategist for the world's largest retail FOREX market maker, Forex Capital Markets in New York. His articles on proper risk management, trader psychology and market dynamics are published monthly in SFO magazine.