Pit Bull - Lessons from Wall Street's Champion Trader

If you want to know about what it is like to go from being a losing trader to becoming the Champion Trader of Wall Street then you should read Pit Bull - Lessons from Wall Street's Champion Trader by Martin 'Buzzy' Schwartz. Schwartz gives an account of how he grew up to become an analyst for several Wall Street companies before deciding to go it alone as a full time independant trader. He had been trading from the start of his Wall Street career, but had never managed to turn an overall profit. After talking to a friend, he realized that he had to formulate a plan for success. From here he started trading during the working hours of his last job using his unique trading plan - and after several months of consitant success, bought a seat on the AMEX to trade stock options on the trading floor. After a while as a floor trader, Schwartz found that he was getting good at trading the market off the floor from a quote machine. He moved off the floor permanently and into an office at his brokers - All the time continuing to rack up massive winnings from the options and futures markets. During this time he also entered some trading contest and officially becoming Wall Street's Champion Trader. Schwarz then took an untimely move into money management which caused much stress in his life and he documents his journey through massive heart surgery and finaly folding this brief mis-adventure. Overall, Schwartz tells an informative and funny story of his trading experiences - and much can be taken away by anyone wanting to be, or already involved in, this industry. Hear about the mayhem of trading on the floor of the AMEX, retrieving brief cases full of gold during the panic of market crashes, and how formulating a solid trading plan is the sure way to success in the financial markets.