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: High IQ does not guarantee trading success. The "wizards" are often characterized by their ability to follow rules, admit mistakes promptly, and resist emotional impulses like fear or greed.
advises getting out of any losing position that makes you uncomfortable—the simplest cure for paralysis. the new market wizards
Jack D. Schwager’s (1992) is a definitive look into the minds of elite traders who achieved extraordinary success across various financial markets. Unlike a standard "how-to" manual, the book uses in-depth interviews to demonstrate that there is no single "correct" way to trade; instead, success stems from finding a strategy that fits one's personality and executing it with absolute discipline. Core Philosophies of the Wizards : High IQ does not guarantee trading success