For instance, at one point in the book Marty discusses how he likes to trade the S&P 500 futures. Pit Bull is written in the same manner, in that, it doesn't outline Marty's strategies but offers insight into his mindset. 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. The valuable trading insights are found throughout the context of the book. 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.
#MARTIN SCHWARTZ TRADING STRATEGY FULL#
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. In his second year of trading he made six hundred thousand dollars, and in this third year he made 1.2 million.
With only ten thousand dollars he made over eight grand on his first trade. 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. He trading his own money and made a fortune. He didn't have a radio program where he would solicit money from listeners and call himself a money manger.
#MARTIN SCHWARTZ TRADING STRATEGY HOW TO#
He didn't fly around the country giving seminars on how to trade at a thousand bucks a head. He didn't have a website that offered trading ideas for fifty bucks a month. 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. 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. There is no doubt that this is one of the best trading books ever written.
I think some people here missed the point of this book altogether.
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