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Pit Bull: Lessons from Wall Street's Champion Day Trader |  | Author: Martin Schwartz
Publisher: Harper Paperbacks
Category: Book
List Price: $17.00
Buy Used: $6.92
as of 11/21/2009 09:13 MST details
You Save: $10.08 (59%)
New (20) Used (27) from $6.92
Seller: Lookie Bookies!
Rating:  79 reviews
Sales Rank: 46978
Media: Paperback
Pages: 320
Number Of Items: 1
Shipping Weight (lbs): 0.6
Dimensions (in): 8.1 x 5.4 x 0.9
ISBN: 0887309569
Dewey Decimal Number: 332
EAN: 9780887309564
ASIN: 0887309569
Publication Date: April 1, 1999
Availability: Usually ships in 1-2 business days
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Product Description
Welcome to the world of Martin "Buzzy" Schwartz, Champion Trader--the man whose nerves of steel and killer instinct in the canyons of Wall Street earned him the well-deserved name "Pit Bull."This is the true story of how Schwartz became the best of the best, of the people and places he discovered along the way and of the trader's tricks and techniques he used to make his millions.
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| Customer Reviews:
Showing reviews 1-5 of 79
 Great Book July 7, 2009
Ben (New York, NY)
Great insight into the life of a career trader. Very informative and good balance between story and information.
 A true inspiration for the independent trader June 2, 2009
P. Shah (Chicago)
Marty Schwartz has always been one of my favorite Wizards from the Jack Schwager series. He has shown that it is possible for a determined individual to work hard and develop their own trading plan and be very successful at it on their own. The guy is super-aggressive and has balls of steel to beat others in this hypercompetitive world.
The book does have a bit too much of superflous details about his personal life that have more to do with his ego than his trading success. And regarding his daily routine, does one really need to know about his 'plumbing' schedule? Regardless, this is a must-read not just for the entertainment value, but the brutal ups and downs that any big-shot trader faces.
Modern day Reminiscences of a stock operator November 28, 2008
Steve Burns (Nashville, TN)
2 out of 2 found this review helpful
If you enjoyed the classic Reminiscences of a stock operator you will love this book. It tells the story of Marty Schwartz who started out as a stock analysts then decided to go out on his own and trade for a living. He went from the world of fundamental analysis to technical analysis and never looked back. On his journey he first proved he could make good money trading then he quit his job and bought a seat on the American Stock Exchange and was a floor trader. He was very successful and eventual moved to a desk off the floor. Marty made millions of dollars. He had a streak of making over a million a year for several years. He won the U.S. trading championship several times along the way. He also opened Sabrina Funds and traded over $70 million of other people's money for a brief time, but hated answering to people and went back to trading his own account.
He loved trading S&P Futures, stocks and some options. His style was mainly day trading, rarely holding positions for more than a few hours or over night. He is one of the great traders of our time and you can learn a tremendous amount about how to really trade for a profit by reading this book. It is a highly entertaining read that is hard to put down.
"..When the stress gets so great you think you might vomit, you should probably double your position, but only if you are then willing to use a tight stop loss.."
".. most people think that they're playing against the market, but the market doesn't care. You're really playing against yourself...Listen only to what the market is telling you now...The sole objective is not to prove you're right, but to hear the cash register ring".
no easy money November 1, 2008
Richard (mpls, mn)
For anyone who may think trading is easy and the rewards are great - think again. Martin Schwarts makes it clear that 99% of trading success is hard work and discipline. There are no free rides in the market.
The psychology of trading July 28, 2008
P. Lee
1 out of 1 found this review helpful
A very funny book on trading. The description of Michael Steinhardt as Porky is hilarious. You are not going to learn specific technique on how to trade. If you are hoping to learn some mechanical way to make money in the financial markets, you will be deeply disappointed. This book is for people who already know something about trading and who want to get better. Some advices are:
1. Fit your trading habits to your personality. Everyone needs to understand himself so that he will find the "right" way to make money in the markets. Buzzy is a day trader because he loves to hear his cash register ring.
2. Without a methodology for trading you have no edge.
3. Become a winner by learning how to lose.
Showing reviews 1-5 of 79
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