THE MODERN TRADER
WALL STREET TRADERS REVEAL THEIR FORMULA FOR SUCCESS
Sometimes a single decision you make can change your life forever.
Critical decisions are made every day, and in a fast paced environement, a wrong choice could be very costly! See how Sean, Marc, Scott, Evan, and Nadav have fought against the odds in this treacherous economy and apdapted to changing market to each establish themselves and become highly successful as a Modern Trader!
- Authors: Sean Hendelman, Scott Redler, Marc Sperling, Evan Lazarus, Nadav Speika
- ISBN: ISBN 13: 978-1-59280-449-8 (ISBN 10: 1-59280-449-7)
- Available At: Amazon.com, Traderlibrary.com
- Available Mediums: Hardcover or PDF/Kindle Edition
- Price: Hardcover $34.99, or PDF/Kindle Edition $9.99.
- Publisher: Chris Myers
- VP/General Manager: John Boyer
- Senior Editor Courtney Jenkins
- Editorial Coordeinator: Danielle Hainsey
- Editorial Intern: Andrea Racine
- Art Director/Designer: Larry Strauss
- Graphic Designer: Jennifer Marin
- Production Design Interns: Jessica Weedlun & Morgan DiPietro
Copyright © 2011 by T3 Live. Published by Marketplace Books Inc. All rights reserved.
Preface: Live from Wall Street: What to Expect
Wall Street can be a lonely place. Finance is a highly competitive industry, a dog-eat-dog world. Competition in trading can be cutthroat. Older traders tell stories of failed partnerships, where others were more interested in taking advantage of them than working together to move forward. Many traders are greedy individuals who join the trading ranks in the hope of riding the latest get-rich-quick wave.
" ... Desire to help others achieve trading success is what makes Sean prod others to be productive, keeps Marc at his trading desk long hours, gets Scott up early each morning, and compels Nadav to sacrifice his own trading to teach others the craft. The partners of T3 Live want to help others escape the corporate struggle that consumed them and feel the hope and freedom that comes with becoming and entrepreneur ... "
Chapter 1: Financial Crises Past and Present
In the last 20 years, there have been three key times in the market when everyone wanted to be invovled in the action. During these periods, the markets dominated the headlines. Talk of the mind-boggling returns ruled happy hour conversations. Traders lived the job. Long hours were spent at the trading desk. When traders left the office, the market did not leave them. There would be no vacations, not during times like these. With all the money out there to be made, everyone made sure they came into the office focused and ready. Every day something new happened to increase volatility and expand opportunity. In exciting times, many rush into the market thinking they too can make a fortune. The ones who make the real money, not just off the tip of the iceberg, during these times are the ones who have been there all along. Times like these make you realize the foolishness of putting money into a fund that is not actively managed, or into a retirement account that is subject to the irresponsible behavior of others. But most of all, these times prove why it is great to be an active trader....