Marty Schwartz

martys said:
Very hard to find information on Frankie Joe. Someone pointed out that he was mentioned in the Larry Williams' book "day trade futures online" on page 97:

"One of the truly great traders from 1960 to 1983 was a former professional baseball player, Frankie Joe. Frankie had a great wit and a deep understanding of his approach to trading. He was quite a guy, sharp as a tack and a delight to talk with. After we had developed a three-year friendship, he revealed to me his technique, it was to sell rallies and buy back on dips in the stock market. That is all there was to it; no more, no less. This was a great technique during that time period, it amassed a fortune for Frankie."

Then the book mentioned that eventually his strategy failed during the bull market triggered by Ronald Reagan's tax and budgetary cuts. I think the explaination is a little oversimplified in both Frankie's method and his story. Anyway I have great respect for someone who beat Marty once and almost twice. :D
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Frankie Joe was introduced to me by "Fast Eddie" Thomas, chief trader at Carl Icahn's shop where i was trading my own acct. Frankie became my first consulting client and he encouraged me to start my own newsletter, Crawford Perspectives, going now for 39 years! I sat next to "Trader Vic" Sparandeo at Frankie's funeral in 1987. I think the Barron's article was 1984 after he was on their early Jan panel that year. I have an old audio tape of Frankie speaking to some professional group. He said to offer it as a "special" to get subscribers. I found it and will put it on my website once we get it digitalized. Marty mentioned me in his book "PIT BULL" and another trading contest winner, Robert Prechter, was and still is, a good friend.
 
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