C H A P T E R 1
An Introduction
Worth Reading
Champions aren’t made in the gyms. Champions are made from
something deep inside them—a desire, a dream, a vision.
—Muhammad Ali, three-time world
heavyweight boxing champion
In the heat of competition, champions rise to their strengths, triumphing
over mere contenders. Marathon runners win through
superior endurance and a keen sense of pacing. The great flying aces of
World War I defeated their enemies, winning dogfights by thinking faster
and better in three-dimensional space. At the chessboard, victory goes to
the player who sees more clearly through the maze of possible moves to
unlock the winning combination. Virtually every human contest is
dominated by the few who possess the unique traits and skills required in
their fields. The stock market is no different.
Investing styles may differ among successful market players, but without
exception, winning stock traders share certain key traits required for
success. Fall short in those qualities and you will surely part ways with
your money. The good news is that you don’t have to be born with them.
Along with learning effective trading tactics, you can develop the mindset
and emotional discipline needed to win big in the stock market. Two
things are required: a desire to succeed and a winning strategy. In Trade
Like a Stock Market Wizard: How to Achieve Superperformance in Stocks
in Any Market, will show you how my winning strategy brought me success and how it
can do the same thing for you.
I’ve been trading and investing in the stock market for most of my adult
life: 30 years and counting as of the writing of this book. Stock trading is
how I made my living and ultimately my fortune. Starting with only a few
thousand dollars, I was able to parlay my winnings to become a
multimillionaire by age 34. Even if I had not become rich from trading
stocks, I would still be doing it today. For me, trading isn’t a sport or just
a way to make money; trading is my life.
I didn’t start out successful. In the beginning, I made the same mistakes
every new investor makes. However, through years of study and practice,
I gradually acquired the necessary know-how to achieve the type of
performance you generally only read about. I’m talking about
superperformance.