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.