![]() I used fundamentals for nine years and got rich as a technician. I only hope that you will enjoy it as much as I did. However the lessons highlighted in the book are priceless and you can learn from them quite a big deal. This only proves the point that you really have to find a strategy that suits your own personality in order to be a successful trader so I highly recommend reading his book as well but don't expect to find a step by step strategy because you'll be disappointed. He start making money only after using technical analysis. There are many great lesson that you can learn from his experience and one think that strike most is the fact that he used more than 9 years fundamental analysis to trade the market but without any success. Last year he give a speech at Amherst College, you don't find to often, guys of his calibre speaking publicly about his trading philosophy and about how he build his fortune, so I thought it's worth sharing this video with you guys (see below). As far as I know at the point when he give the interview in the Market Wizard book he was worth more than $20 millions, but you have to keep in mind he give this interview in the 90's. At one point in his career he even managed a fund but he later give up on it as it wasn't the right path for him to deal with investors due to his personality. In his first year of trading as an independent trader he made more than half a million, $600k and a year later more than 1 million, $1.2 million. Welcome to the world of Martin 'Buzzy' Schwartz, Champion Trader-the man whose nerves of steel and killer instinct in the canyons of Wall Street earned him the well-deserved name 'Pit Bull. He is the author of Pit Bull: Lessons from Wall Street's Champion Day Trader, a book that I highly recommend it and he also was featured in the Market Wizards book. For those of you who have no idea who Martin Schwartz is, he is a professional trader who made his money trading stocks, futures and options.
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