Pit Bull: Lessons from Wall Street's Champion Day Trader
- Downloads：6689
- Type：Epub+TxT+PDF+Mobi
- Create Date：2021-09-16 09:54:40
- Update Date：2025-09-07
- Status：finish
- Author：Martin Schwartz
- ISBN：0887309569
- Environment：PC/Android/iPhone/iPad/Kindle
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Summary
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。
Reviews
Himanshu
，
Interesting memoir of Marty Schwartz though by the end it feels like he just wanted to wrap it up because of disjointed chapters。
Dignesh Khunt
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Already soo many people give the review of this book。 in one line this book is journey of Schwartz in trading words。 it's worth to read， how Schwartz develop， his trading psychology。 My favourite chapter is The Pit Bull’s Guide to Successful Trading。 Already soo many people give the review of this book。 in one line this book is journey of Schwartz in trading words。 it's worth to read， how Schwartz develop， his trading psychology。 My favourite chapter is The Pit Bull’s Guide to Successful Trading。 。。。more
Lars Ankile
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Good entertainment， but probably not so applicable to aspiring traders of today I'd think。 Good entertainment， but probably not so applicable to aspiring traders of today I'd think。 。。。more
MJ Jabarian
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"Normal？" I said。" Who wants to be normal？ Doc what you've got to understand is that ever since I was five， I've tried to be abnormal or supernormal。 Get ahead， get ahead， get ahead。 Im a trader。No trader is normal。 If I wanted to be normal I'd put my money in an index fund and be an analyst"Im a swing trader and have been a swing trader in heart but I found this book highly insightful。 Its a diary form a successful high frequency scalp trader and its full of great advice for any trader whether "Normal？" I said。" Who wants to be normal？ Doc what you've got to understand is that ever since I was five， I've tried to be abnormal or supernormal。 Get ahead， get ahead， get ahead。 Im a trader。No trader is normal。 If I wanted to be normal I'd put my money in an index fund and be an analyst"Im a swing trader and have been a swing trader in heart but I found this book highly insightful。 Its a diary form a successful high frequency scalp trader and its full of great advice for any trader whether rookie or professional。 。。。more
Trung
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One of favorite trading book
Vikas
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This is quite a captivating one。 The author takes your alongwith on his journey from a novice trader to becoming a "champion" trader。 This book doesn't give you any real trading techniques but it clearly speeds out all those characteristics which you need to develop in order to become a good trader - most important being "hard work"。 Plus Martin's narrative is quite candid， he writes it as he thinks about it - no sugarcoating， no overlaying。Its an unputdownable book！Must read for an aspiring tra This is quite a captivating one。 The author takes your alongwith on his journey from a novice trader to becoming a "champion" trader。 This book doesn't give you any real trading techniques but it clearly speeds out all those characteristics which you need to develop in order to become a good trader - most important being "hard work"。 Plus Martin's narrative is quite candid， he writes it as he thinks about it - no sugarcoating， no overlaying。Its an unputdownable book！Must read for an aspiring trader。 。。。more
Bill Currie
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Good Stock Market YarnsYou won’t get closer to what life was like in the old market pits than this。 Excellent read for experienced stock traders who wonder about the old days。 There’s some practical technical advice for traders， but it may be outdated in today’s quant-dominated markets。
Josiah R
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It was an entertaining read and an interesting autobiography。 It was also interesting to learn about another technical approach， Magic T， which I'd never heard of until now。 Mostly I enjoyed having a window into the mind of a great trader。 It was an entertaining read and an interesting autobiography。 It was also interesting to learn about another technical approach， Magic T， which I'd never heard of until now。 Mostly I enjoyed having a window into the mind of a great trader。 。。。more
Devesh Soni
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An inspiring story about Martin who started trading for a livelihood at 35。 His disciplined and methodical approach combined with the kill you mentality on the trading floor is inspiring。 This book will show you what it takes to be a professional trader。 And if you do choose to go down this treacherous path， what should be your game plan。
Leon
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This review has been hidden because it contains spoilers。 To view it， click here。 A great memoir on the life of Marty Schwartz。 How he started trading， the ups and downs of his trading career & health， managing funds， his strong desire（obsession） to trade despite his health， etc。 Schwartz is a day trader/scalper。 At the end of his book， he mentioned that he cut losses quickly but take winners just as quickly。 He knows his weaknesses， which are insecurity， fear of losing， and need for constant reinforcement and frequent gratification。 Hence， his trading style requires a high w A great memoir on the life of Marty Schwartz。 How he started trading， the ups and downs of his trading career & health， managing funds， his strong desire（obsession） to trade despite his health， etc。 Schwartz is a day trader/scalper。 At the end of his book， he mentioned that he cut losses quickly but take winners just as quickly。 He knows his weaknesses， which are insecurity， fear of losing， and need for constant reinforcement and frequent gratification。 Hence， his trading style requires a high win rate and a lot of quick profits。 He initially adopted a short-term trading system because he had limited resources and he needed a consistent string of small winners to build up his capital base （This is interesting because very few trading books/traders talk about taking small profits）。One would argue that the days of being a scalper is no longer a viable option due to HFTs。 It would be interesting to see how Buzzy would fare in today's market。Methodology aside， this book highlights the importance of mindset and habits。 How to perform under fire， pulling the trigger， comes from preparation and having defined rules。 Doing all the homework every night， jotting down notes during trading hours to gauge sentiment， reviewing trades， repeating the same routine everyday， all comes down to hard work and discipline。 My favorite excerpts from the book:-"When you feel like doing the mashed potatoes（getting excited over paper profits）， it's a visceral clue that you've lost your objectivity， you've gotten too emotional， and you're about to go into the shitter。""Making your grubstake takes enormous self-discipline， and if you've earned it and saved it， you're less likely to blow it。 Because we make and lose thousands of dollars every day， big time traders often give the appearance of treating money with an easy come， easy go attitude。 That's not right。 Just because we don't do the mashed potatoes over our wins or whine about our losses doesn't mean that we take them casually。"" Confidence is every part of trading。 If you're not convinced that you can win， you should never climb into the ring。 But confidence quickly turns to ego， and egos like tired fighters， need to be massaged， soothed， sponged off， and stroked。""You're the only one who's emotionally involved in your position。 The market's just reacting to supply and demand and if you're cheering one way， there's always somebody else cheering just as hard that it will go the other way。""The more you lose in a trade， the less objective you become。 Exiting a losing trade quickly clears your head and restores your objectivity。""There is no shortcut in trading， the market will quickly find out if you're lazy。""Trading is all about having your mind disciplined ahead of time。""Don't get into a shootout if you've left your guns at home。""Successful business people doesn't let friendship or family relationships get in the way of making sound decisions about money。""The sole objective of trading is not to prove you're right， but to hear the cash register ring。""After a very profitable run of trading， reduce the position size， After a successful period， take a day off as a reward。"。 。。。more
Abhi
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Fun book on trading psychology that tells you that you need to know yourself well before you get into trading。 Your greatest enemy in the markets is your own self that will make you want to call "uncle" for your fear of going "tapioca！" And the corollary that since no two people are similar in terms of their emotional/mental outlooks， the same strategy does not work equally for everyone。 You need to develop your trades in line with your personality。 Know thyself and divorce the ego from the trad Fun book on trading psychology that tells you that you need to know yourself well before you get into trading。 Your greatest enemy in the markets is your own self that will make you want to call "uncle" for your fear of going "tapioca！" And the corollary that since no two people are similar in terms of their emotional/mental outlooks， the same strategy does not work equally for everyone。 You need to develop your trades in line with your personality。 Know thyself and divorce the ego from the trade。 I felt that Martin Schwartz was approaching zen （in trading） at times when he was consulting his charts and completely lost in the markets。 Yet his boisterous personality along with his abiding fear of losing everything tended to keep those moments at bay。 Loved how Audrey was always （almost） there to let him see himself better and be more zen。 。。。more
Harshil Chauhan
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One of the legendary books about the stock market
Tony WANG
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"Preparation pays。 It’s essential to know more than the other players in the game。Dare to dream。 It’s not where you are， it’s where you’re going that counts。“If you don’t have a dream， how you gonna make a dream come true？”There is no shortcut in trading， the market will quickly find out if you are lazy。" "Preparation pays。 It’s essential to know more than the other players in the game。Dare to dream。 It’s not where you are， it’s where you’re going that counts。“If you don’t have a dream， how you gonna make a dream come true？”There is no shortcut in trading， the market will quickly find out if you are lazy。" 。。。more
Mosaad M。 Gamal
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One of the most inspiring and contemporary stories of Marty the Pitbull Schwartz。Following his dream ， creating a plan and sticking to it。
Michael Corley
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This is a must read if you work in finance。
Subramaniam Konar
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Excellent book。。。。Loved Martin story in Market。 Very Inspiring
Tim Duggan
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Was looking for a book that was trading stories， anecdotes etc and not a technical how-to or a trading book trying to pitch me a method and this was the right pick。 An interesting trader who started trading properly at 35。 Didn’t realize he was an actual market wizard until I was halfway through it。 Worth a read for the story about the journey rather than the how to be an amazing trader。
Waffles
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TAPIOCA！
Paul Barnes
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A very enjoyable memoir from Schwartz， one of the great characters in Jack Schwager's "Market Wizards" book。 A very enjoyable memoir from Schwartz， one of the great characters in Jack Schwager's "Market Wizards" book。 。。。more
Suraj Makhija
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Interesting book on how a trader's mindset works and how each trader develops his own strategy。 Interesting book on how a trader's mindset works and how each trader develops his own strategy。 。。。more
Alberto
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Loved how the auto-biography shows moments of genius in Schwartz's career， as well as some really daft moves。 You get a great sense of pride coming out of him， the desire to become great， but also the humility to show his mistakes。The characters in the story are mostly painted in broad strokes， good enough for brief anecdotes， the chapters are rarely longer than a few pages。 Makes for good toilet reading even if you're uninterested in Wall Street。 Loved how the auto-biography shows moments of genius in Schwartz's career， as well as some really daft moves。 You get a great sense of pride coming out of him， the desire to become great， but also the humility to show his mistakes。The characters in the story are mostly painted in broad strokes， good enough for brief anecdotes， the chapters are rarely longer than a few pages。 Makes for good toilet reading even if you're uninterested in Wall Street。 。。。more
Jess Kang
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Another eye-opening book about the life being a trader， what more a successful trader， Champion Trader。To be a successful trader， you need to find a strategy which suits you and the only you， and not anyone else。
Valery Bartashevich
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（less known） classics on trading （in my top 3 of best books on trading in financial markets！）
Ian Cassel
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The great autobiography of/by Martin Schwartz， one of the best traders ever
Putri Astri
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I like this book。 Marty narrates not only his success stories but also his failures。 This book speaks volume of life of a trader。 Really worth to read。 Thank you Marty！
Mark Speed
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This was recommended to me by a couple of master traders when I asked for a book on trading psychology。Schwartz counts himself as a 'street kid' - i。e。 someone from an ordinary background， rather than a Wasp Ivy League family。 His self-image is a little bit different from reality， in that his family did have a strong work ethic and an entrepreneurial streak。 He may have done a lot of 'street' things in his youth， but his academic record is excellent。 He was also in the Marine Reserves as an offi This was recommended to me by a couple of master traders when I asked for a book on trading psychology。Schwartz counts himself as a 'street kid' - i。e。 someone from an ordinary background， rather than a Wasp Ivy League family。 His self-image is a little bit different from reality， in that his family did have a strong work ethic and an entrepreneurial streak。 He may have done a lot of 'street' things in his youth， but his academic record is excellent。 He was also in the Marine Reserves as an officer for five years。 The combination of a sharp mind， a strong work ethic and the discipline and ability to stay calm under fire combined to make him an extraordinary trader。 He was a true pioneer in terms of his trading。 The book is an extraordinary read。 Schwartz is brutally honest about his experiences。 I think it's this ability to be absolutely honest with himself that was the cornerstone of his exceptional career as a trader。 It's fascinating to see where he won and where he lost - and it's his analysis of his losing days that provide some of the most valuable lessons。This is a must-read for anyone either trading， or even just investing for their pension。 。。。more
Chloe Chong
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I just like this book。 It's fun， brilliant and most importantly， it tells the ruthlessness of the trading world。 I just like this book。 It's fun， brilliant and most importantly， it tells the ruthlessness of the trading world。 。。。more
Yogeeswar
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Modern day Jesse Livermore。
Chris Lucas
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Awesome autobiography from one of the best traders of the late 20th century。 Definitely recommend。 I'm reading it again for the third time in the last 10 years。 Awesome autobiography from one of the best traders of the late 20th century。 Definitely recommend。 I'm reading it again for the third time in the last 10 years。 。。。more
Chris Noland
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