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Published on: 2/1/2004
Last Visited: 1/24/2005
Owner Martin S. Schwartz
After working several years in what he considered to be a dead-end job as a financial analyst at E. F. Hutton, Schwartz quit the firm, accumulated a nest egg of $100,000 and bought a seat on the American Stock Exchange where he began trading stocks options and futures.He quickly became an expert at trading S& P futures, and in his first full year as an independent trader made $600,000 and a year later earned $1.2 million.
Schwartz's style was to get in and out of positions in a hurry, and he later began his own fund in which he would manage other people's money as well as his own.He is most famous for writing the book "Pit Bull: Lessons from Wall Street's Champion Day Trader," based on that professional life.