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Pit Bull: Lessons from Wall Street's Champion Day Trader

by Martin Schwartz

List Price:$17.00
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Average Rating:4.5 out of 5 stars
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Editorial Reviews
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.




All Customer Reviews
Average Customer Review:4.5 out of 5 stars
1 of 1 people found the following review helpful:

4 out of 5 starsEntertaining and insightful, 2008-03-08
This book pretty much tells the story of a trader named Marty Schwartz. It describes how he got started trading and evolved into what Barron's called a master trader. There was a lot of "ego" to read about and I almost stopped reading but the story got better. Instead of spending the whole book telling me how smart he was, he started talking about some trades that didn't go so well too. I actually learned from him as he described his errors and how he recovered. It helped me reduce my "pig" factor when I day trade. There was some humor in the book too which kept it fun to read.

So, this book isn't a how to book but it does indirectly give you some good advice to use in your trading. Its worth reading, I enjoyed it.


0 of 0 people found the following review helpful:

5 out of 5 starsOne of the best books by far, 2007-10-22
I was amazed at this guy. A lot of the practices he used then works now. Buzzy should be commended for putting his life story in such a vivid tale of success and almost death. I am thankful to have read this book. It has opened me up to another way of thinking and also validated a lot of the practices I do everyday. Buzzy, where is the sequel?


0 of 0 people found the following review helpful:

5 out of 5 starsTony Soprano meets the S&P 500 pit!, 2007-04-09
I happened upon this book in a used bookstore, and bought it on a whim. All the way thru the book (read practically in one sitting), I kept thinking of how I was reading the story of Tony Soprano in his life as a day trader! Humerous, silly, engaging, challenging, stressful, vain, self-aggrandizing, amd more. I couldn't put it down, and I doubt you will want to either!


0 of 1 people found the following review helpful:

5 out of 5 starsA Good Read - Enjoyable, entertaining, and encouraging, 2007-02-28
As other reviewers have noted, this is not a technical "how-to" type of book. However, it gives unique insight into the psychology of someone who has succeeded in a game where in the end, psychology more than anything else divides the winners from the losers, and the losers from their money.




2 of 2 people found the following review helpful:

5 out of 5 starsThe most entertaining book I've read since Liar's Poker, 2006-07-25
I had to give this book 5 stars. It is so entertaining at times I was laughing and other times introspective...just like the author.

Buzzy Schwartz must be considered one of the greatest traders of our time and this book is more of an autobiography than a trading manual. He never divulges his trading methodology nor how he turned from being a mediocre break even trader to the star he became.

He references various indicators he uses but with no explanations and curiously credits Terry Laundry's T theory for his turnaround because " it went back to who I was as a person ". The T Theory is then left to you to figure out (Which I can't).

The best thing I can say about his methodology is that it is uniquely his. All of us need to find what best fits our trading style and apply it...there is no one size fits all in trading.

Towards the end of the book it becomes very clear that Buzzy has become weary of the toll that trading has taken on his life ( he wound up in the hospital and almost died) yet still can't seem to get the trading bug out of his system ( he places a trade while in the doctors office).

All in all one of my favorite books, not for its trading methods but for its entertainment value.




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