Mark Weinstein is a highly successful trader profiled in Market Wizards. After early trading failure, Weinstein diligently studied the markets. Learning from his mistakes, Weinstein eventually became a winning trader in a variety of financial instruments ranging from stock options to soy bean contracts. This article outlines the trading principals Weinstein shares in Market Wizards.
Accepting Responsibility for Losses
One of the turning points in Weinstein’s trading career followed a large soy bean trade loss. After emotionally and financially recovering from the loss, Weinstein realized that his trading results were dictated by his …