Day Trader Marty Schwartz spent a number of years in what he felt was a dead-end job as a financial analyst. Finally he quit the comfort of the corporate cotton wool and accumulated $100,000 of which he spent $90,000 to buy his seat on the American Stock Exchange in 1979.
Left with just $10,000 of trading capital, he made over $8,000 on his first trade and in his second year of trading he made $600,000 and $1.2 million in his 3rd year.
It’s interesting to note that he never made money trading until he made a plan, which only happened when his wife Audrey told him to make one.
When asked; “what is the most money you have made in one day?” he replied; “several million”. At one point in the early 1980’s, he was making $70,000 per day trading the S&P’s.
Click here to listen to Marty Schwartz being interviewed in 1999 by Dave Allman on Wall Street Uncut.
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Read Marty’s book: “Pit Bull: Lessons from Wall Street’s Champion Day Trader”
