Martin Schwartz: Biography, Career, and Business Insights

Martin Schwartz’s Profile Summary

Company	Self-employed
Position	Independent Trader
Source of wealth	Trading profits from stocks, futures, and options, performance fees from managing his own fund, book royalties from Pit Bull: Lessons from Wall Street's Champion Day Trader.
Also known as	Author, Champion Day Trader, Horse Owner.
Age	80
Education	Amherst College - Bachelor's degree, Columbia University - MBA
Citizenship	United States
Residence	Florida, USA
Family	Information about his family is
Website, Social Media	https://martin-schwartz.com/

Martin Schwartz’s biography

Martin “Buzzy” Schwartz is a renowned Wall Street trader born in 1945. He is celebrated for his success in short-term trading, specifically in futures, stocks, and options. After graduating from Amherst College in 1967 and earning an MBA from Columbia University in 1970, Schwartz began his career as a financial analyst at E.F. Hutton. In 1979, he quit to trade independently, securing a seat on the American Stock Exchange. His breakthrough came in 1984 when he won the U.S. Investing Championship, drawing significant attention to his trading prowess. Known for his ability to make millions within short timeframes, Schwartz developed a reputation as one of the most skilled traders of his time. He detailed his experiences in his popular book Pit Bull: Lessons from Wall Street's Champion Day Trader. Besides trading, Schwartz is also a successful horse owner. Today, he lives a quieter life, trading from his Florida home and serving as a financial advisor, managing his own and others' investments

How did Martin Schwartz make money?

Martin Schwartz makes money in the following areas:

Trading profits from stocks, futures, and options, performance fees from managing his own fund, book royalties from Pit Bull: Lessons from Wall Street's Champion Day Trader.
What is Martin Schwartz net worth?

As of 2025, there is no publicly available and reliable information regarding Martin Schwartz’s net worth.

What is Martin Schwartz also known as?

Martin Schwartz gained further recognition beyond trading by authoring Pit Bull, a best-selling book offering insights into his successful strategies and experiences on Wall Street. He also gained fame for consistently outperforming others in various trading championships, showcasing his expertise in short-term trades. In addition to his financial ventures, Schwartz is a champion racehorse owner, investing in thoroughbred racing

Prominent achievements of Martin Schwartz

Won the U.S. Investing Championship in 1984, profiled in Market Wizards by Jack Schwager, made over $1 million annually from 1981 onwards, published Pit Bull: Lessons from Wall Street's Champion Day Trader

What are Martin Schwartz’s key insights?

Martin Schwartz emphasizes the importance of separating ego from trading. His philosophy focuses on managing small, quick profits over long-term positions, minimizing risks while ensuring constant returns. He advises that the goal of trading should be to make profits, not to prove oneself right. His disciplined approach includes avoiding emotional decisions and maintaining a "scalper" mentality, typically holding positions for minutes or hours at most

Martin Schwartz’s personal life

There are no publicly disclosed details about Martin Schwartz's family

Useful insights

Essential books for stock and Forex traders

These essential books provide traders with timeless strategies and practical knowledge to build a strong foundation in stock and Forex markets, and enhance trading success.

Alexander Elder – "Trading for a Living"
- Summary:
  
  Elder’s book is a comprehensive guide that covers the mental, technical, and risk management aspects of trading. It combines psychological discipline, effective trading strategies, and money management techniques to help traders build a sustainable career.
- Why read it:
  
  It is a great starting point for beginners and a valuable resource for experienced traders who want to refine their approach. Elder's focus on the psychology of trading is particularly useful for developing discipline and avoiding common emotional pitfalls.
Jack D. Schwager – "Market Wizards"
- Summary:
  
  In this classic work, Schwager interviews some of the world’s most successful traders, uncovering their strategies, mindsets, and trading philosophies. The book provides a rare glimpse into the minds of top traders across various markets, including stocks, Forex, and futures.
- Why read it:
  
  Learning directly from legendary traders can help you adopt proven strategies and avoid costly mistakes. The interviews offer timeless insights that can benefit both novice and seasoned traders.