Marty Schwartz

[1st_samurai]

Gary Smith said Marty might be one of a kind, because very few people can intra-daytrade and be successful.

However, I do like a lot of his ideas in "Pit Bull" and find his real life story very motivating.

If you trade a longer time frame, you can't use the same tools he does, such as the 10 day EMA.

 

[electron]

Quote from 1st_samurai:


If you trade a longer time frame, you can't use the same tools he does, such as the 10 day EMA.

I guess it's rather the 9 day MA.

 

[Baruch]

Quote from martys:

I am a big fan of Marty Schwartz but I can hardly found anything about him here besides he is into horses now. I would like to start a discussion thread on his trading methodology. Here is his web interview:
http://www.wallstreetuncut.com/scripts/audiohurl.asp?format=g2&target=wsu19991022-final

He uses Magic T Theory to identify short term trading:
http://www.ttheory.com

Should we start the discussions by going thru his book "Pit Bull" chapter by chapter? Or someone has a better suggestion.

Why not email him?

 

[VicTrader]

Quote from Baruch:

Why not email him?

Can I find his email on the web?

 

[Baruch]

Quote from VicTrader:

Can I find his email on the web?

Yes, why not? Or try his publisher.

 

[toby400]

Quote from Baruch:

Yes, why not? Or try his publisher.

Baruch - what happened to your Forex journal - have you ceased publishing?

 

[Baruch]

Quote from toby400:

Baruch - what happened to your Forex journal - have you ceased publishing?

No, but I am not trading my system now. Trying new things. But I will keep you informed - later.

 

[dbs119]

There was one startegy in Pitbull, that nobody is talking about..
Marty looked at cash bonds prices around 4:00 ET, versus closes @ 3:00 Et for bond prices, to determine whether or not to go long or short SP500 at the close and close his position at the open the next day..
Has anyone here experimented with this ,or not?

 

[dbs119]

His mentor, gave him a pretty good advic right after the october crash in 1987.
When you are about to puke, you'd better double your position.
/i recite this from memory, so the quote is not exactly as it is in the book/.

 

[Baruch]

Quote from indahook:

“We’ll stay until we run out of money,” Schwartz said with a laugh.

I dont know the guy personnally but from reading "pitbull" this quote really stuck out in the horse story. As a former Marine I really dug "pitbull" and the way MS compares battle to trading. After reading this thread I may have to blow the dust off of it.

Maybe we should all be horsetraders?