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Pit Bull: Lessons from Wall Street's Champion Trader

Pit Bull: Lessons from Wall Street's Champion Trader

List Price: $56.95
Your Price: $56.95
Product Info Reviews

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Rating: 5 stars
Summary: A must have
Review: It just gives you the inspiration and general insight you need to become a professional trader. Perfectly written. Love it!

Rating: 5 stars
Summary: One of the best ever
Review: I think some people here missed the point of this book altogether. There is no doubt that this is one of the best trading books ever written. This book ranks among the top trading books ever including Reminiscences of a Stock Operator, not because of the technical trading secrets it revels, but because of the insights it offers on the mindset of one of the greatest traders ever. This book elevates itself above almost every other trading or financial book out there for that exact reason, the author made his living (and it was a very good living) from trading the markets. He didn't have a website that offered trading ideas for fifty bucks a month. He didn't fly around the country giving seminars on how to trade at a thousand bucks a head. He didn't have a radio program where he would solicit money from listeners and call himself a money manger. He trading his own money and made a fortune.

Marty started out with a hundred grand, but his seat on the AMEX cost him ninety thousand dollars, so he was left with ten thousand dollars of trading capital. With only ten thousand dollars he made over eight grand on his first trade. In his second year of trading he made six hundred thousand dollars, and in this third year he made 1.2 million. Unbelievable!

The book is full of insights into how Marty spent all of his money, which can become a little uninteresting, but the rest of the book is pure gold. The last chapter of the book details (for lack of a better word) some of Marty's trading ideas, but that's not valuable information. The valuable trading insights are found throughout the context of the book. Much like Reminiscences of Stock Operator doesn't outline Jessie Livermore's trading strategies; however, it does give insights into how Jessie thought about the markets. Pit Bull is written in the same manner, in that, it doesn't outline Marty's strategies but offers insight into his mindset. For instance, at one point in the book Marty discusses how he likes to trade the S&P 500 futures. This information is just glanced over by ninety-five percent of people who read the book, but it is some of the most valuable information the book has to offer.

This book is underestimated because most people just see Marty Schwartz as a self absorbed, egomaniacal jerk. I'm not going to make a judgment on Marty's attitude; instead I'm going to say that this book does one thing: it offers insight into the mind of a great trader. Notice throughout the review I've been using the word trader. If you're unclear on the differences between traders and investors you probably won't like the book. If you're a trader, Pit Bull should definitely be part of your trading library.


Rating: 4 stars
Summary: Psychology of a true trader.
Review: Buzzy doesn't give away his "secrets", because there aren't any secrets to good trading. He exemplifies this in his good old fashioned "hard work" ethic. Mr. Schwartz has my respect for his daily routine of hard work, in researching and knowing his business inside and out, coupled with his brassy street smarts, and for his ultimate success as a day trader. A MUST READ for any reader who wishes to jump inside the mind of a successful trader. Buzzy's favorite indicator? Exponential moving averages.

Rating: 1 stars
Summary: Worthless and offensive
Review: This book was an excellent entertainment. It was well written and broken up into small chapters. The author effectively conveys the emotions and errors that all traders go through at one time or another. Through the story, you pick up insights on trading, market makers and commodities.

Don't buy this book expecting it to teach you how to get rich, because it won't do that.

Buy this book if you're interesting in learning about a successful traders life and the trials and tribulations that go along with it.

Rating: 2 stars
Summary: not worth more than 5 bucks
Review: One of the best books I have ever read. If your looking for a book on the in's and out's of trading and a "show me how" type book, then look elsewhere. But for the psychology of trading this is it. From his early teen gambling lifestyle to finding the real values in life Martin Schwartz has done it all. An uplifting book that will allow you to become a better trader in your mind. Trading is 90% psychology and Mr. Schwartz will show you how he became one of the greatist traders of all time. I'd love to meet him! No matter what the situation is in life you can handle it with a trading mentality. Congratulations Mr. Schwartz and THANK YOU! You have inspired another.


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