Here's what i found about Marty on the net. http://halogen.note.amherst.edu/~astudent/2004-2005/issue10/arts/15.html http://www.traderdaily.com/news/item/1116.html Looks like he now concentrates mostly on racing the horses.. btw I am reading the book for a fourth time now..It's an amazing book
I read Pit Bull. Thats enough of Marty Schwartz for me. While I admire his success as a trader, it came at a great sacrifice to his personal health. I was disgusted in the second half of his book, hearing his continual disregard for the signs that his lifestyle needed changing. Mr. Schwartz did give me two insights that I follow. However, I am so much wealthier in other areas of my life, I only take these two pieces of information regarding trading. 1. Build your own capital base through trading. Mr. Schwartz, in Pit Bull, claims to have built his stake up from $10K so he could buy a seat. I follow and recommend this advice to all aspiring professional traders. 2. Work your edge as much as you can until it stops working. And during that time, act on your insights toward finding new edges for the markets you trade, or other markets. #2 is especially good advice for those that are, even in this thread, attempting to follow Mr.Schwartz's formulas. I think you might build a good system off of that, but, make sure it works before you try to follow it. Better to figure out who you are and follow that trading system. As a member of a very small and powerful trading group in Southern California, I get solicitations from potential want-to-be members often. To date, we have rejected every new applicant in the past year, primarily because those who are interested are not interested in improving their trading, but are looking for that "Holy Grail" approach to the markets. While its admirable that people appreciate the success of other traders, each successful trader is a leader not a follower. No matter how many times you read and reread another trader's story, at some point its important to ask oneself when they will take the step, the risk, and own the concept of creating their own system, rather than vicariously enjoying the success of an individual whos context and makeup are completely different from one's own.
Didn't have time to read thru the entire thread yet but here's a good link http://www.annonline.com/interviews/980422/
Did anyone figure out who the guy in PIT BULL was that played games on the phone? oumanmaboluaga....ETC? He was a very big trader, a very nasty ego, a very big winner. retired now. Any Guesses? bosword. Correct...... i think michael is trading for himself or maybe a few others but he disbanded the BIGGIE that had his name on the door. there was an article about him just a couple issues ago in TRADER, the one they send free .