Marty Schwartz is a highly respected trading expert whose success on Wall Street is widely known. He did extensive research about the trading markets, which then enabled him to come up with a very successful trading plan. He is also a published author and wrote the autobiography “Pit Bull: Lessons from Wall Street’s Champion Day Trader”. This book is chock full of great tips and advice to help both seasoned and new traders alike. He has also been featured in the bestselling book “Market Wizards” by Jack D. Schwager. He grew up in New Haven, Connecticut, and even as a child he was very hard working. When he was only seven or eight years old, he would go out and shovel driveways during snowstorms in order to make some extra money. He’s also a former Marine who served in the U.S. Marine Corps from 1968 to 1973 by the end of that time had made rank as Captain. Additionally, Marty was the winner of the U.S. Investing Championship back in 1984.
Marty has a degree from Amherst College that he received back in 1967. He then went on to later earn a MBA in 1970 from Columbia University.
Marty believes that the education he received from Amherst and the rigorous training he received in the Marine Corps helped to give him the confidence he needed to be a success in the trading world. Marty’s first full time job was working as a Securities Analyst for Kuhn Loeb. In 1976, he met his wife, and the two were married in 1978. He credits his wife for helping to give him the push he needed to truly put his all into his trading career.
In the October 19th stock market crash, Marty unfortunately lost $315,000. However, it was thanks to his being a skilled and savvy trader that he didn’t lose much more, as he could have potentially lost up to $5million that day.
While Marty Schwartz finds his work to be very satisfying, this field of work can at times be quite stressful. Unfortunately, the stress from the high-paced world of trading finally caught up to Marty, which ultimately resulted in him needing to have emergency heart surgery. Consequently, to aid in his recovery, he decided to move from New York to Florida where life seems to move at a little slower pace. Also, Marty enjoys being the owner of champion horses.