Market Wizards: Notice what they didn't do
Specialism
Did you know there’s a new Market Wizards book coming?
Yup, released on 9th June. Market Wizards: The Next Generation
And this series is always a good read, right?
Regardless of whether the traders interviewed match your style, there’s always a takeaway.
But the big overarching one to me is this…
SPECIALISM
Every single trader featured in Jack’s books has their own distinct style. They have found an edge and have become total specialists at it.
- Jason Shapiro: Positioning + response to news
- Kristjan Kullamägi (in the upcoming one): Breakouts on stocks, low win rate, high RvR hunting
- Toby Crabel: Opening range breakout expert
(Actually, I’m not sure Crabel was in the Wizards book, but he probably should be…)
Even smaller traders like Aatu Kokkila from the Thales hedge fund I interviewed. He specialises in trading Forex over key economic data releases.
Notice what none of those traders does?
Everything…
It’s that focus, that specialism that moves the needle.
So take this as your friendly reminder to laser in on yours.
Find it. Then lock the f in.