Why the Best Traders Don’t Mind Losing Money



The biggest lesson learned from spending time with the greatest traders of the past generation, including Jim Rogers, Marty Schwartz and Paul Tudor Jones, is not to be afraid to lose money, says Jack Schwager, author of “The Little Book of Market Wizards”. Schwager says these market wizards embrace their mistakes, and profit from them in the future. They also pick trading styles that match their personalities. Finally, Schwager explains why the most successful investors play defense first.

Subscribe to TheStreetTV on YouTube:

For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:

Leave a Reply

Your email address will not be published. Required fields are marked *