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Pit Bull: Lessons from Wall Street's Champion Trader

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Title: Pit Bull: Lessons from Wall Street's Champion Trader
by Martin Schwartz, Dave Morine, Paul Flint, Ian Esmo
ISBN: 0-7861-1450-9
Publisher: Blackstone Audiobooks
Pub. Date: November, 1998
Format: Audio Cassette
List Price(USD): $56.95
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Average Customer Rating: 4.38 (56 reviews)

Customer Reviews

Rating: 5
Summary: Excellent look in to the psychology of a trader
Comment: If you are looking for a book that will tell you how to be a day trader, don't buy this. However, if you have been trading on a small scale for a while, and wish to take your trading to the next level, then this book is perfect. It does not teach strategies or systems, and doesn't make any attempt to. What it teaches is what kind of mental fortitude it takes to be a top trader. There are myriad books on the market that can tell you how to pick a stock, or when to buy or short, but few that can teach you what it is like to be long when the market is crashing around you, or how it feels to know that tomorrow the banks may not open, and you have to get liquid, fast. Besides, if you read between the lines a bit, you may wind up finding a trading strategy or two in the story itself (not just in the appendix in the back). Here's a hint...compare how October 87 behaved to how September 01 behaved...and then remember what Zoellner said.

Rating: 5
Summary: Very Fun Financial Read!
Comment: Here's a fun read in one of my favorite areas....dreaming of making a killing in the stock market. So much of this book is how I personally approached the stock market....giving up fundamental analysis for the glamour of technical trading....chasing down the perfect system whether it was Dow Theory, Elliot Wave, Joe Granville, or the obcure Magic T Theory (I thought that I was the only who really knew this one). The stories in this book are very entertaining like gambling stories. What I like most is the frank discussion of methodology...tactics that Buzzy shares....so similar to my own approach. If you are a Baby Boomer amateur technical stock market trader you'll probably love this book like I did. It's all about us and the 80's & 90's...pre-day trading.

Rating: 4
Summary: A great read!
Comment: As a professional trader I am always looking for the "edge". This book is weak on actual trading methodologies. But I really enjoyed hearing about his daily life and routines as a trader. Especially what it's like when things go against you as they eventually will if you are in this game long enough.

I had trouble putting the book down. Highly recommended.

Woops, just got a fill, gotta go!

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