Martin Schwartz - solo trader

Increasingly, in various stock exchange magazines you can find the thesis that traders trading intraday never achieve stable success, and a series of profitable transactions will sooner or later be blocked by a series of unprofitable ones.

However, this myth and prejudice is shattered after reading the success story of Martin Schwartz, who showed by his example that intraday trading allows you to make stunning profits.

Martin Schwartz is an example of the most disciplined trader who achieved success through hard work.

However, Schwartz, like any person, did not immediately ascend to Olympus, and his life path will be an interesting lesson for all technical traders. Martin Schwartz was born into a very poor family, so a difficult life led him to hard work.

So, since childhood, Schwartz worked at various jobs, namely, mowing neighbors’ lawns and also removing snow for just $10. Even at a young age, Schwartz relied on education, so at school he was an excellent student. After finishing school, he successfully graduated from college and then graduated with honors from Columbia University. After he graduated, Martin joined the army and served in the US Navy.

No sooner had Martin returned from the army than he was immediately drafted into the war with Vietnam, from which, thanks to his dexterity and intelligence, he managed to avoid being drafted into the army.

First job. Black line

Upon returning from the army, Martin Schwartz gets a job as a financial consultant at Kuhn Loeb, where he successfully works for two years and puts aside his first savings in the amount of 20 thousand dollars. Since Martin made forecasts quite well, he begins to actively trade stocks and futures, but quite quickly loses his entire deposit.

Schwartz, working as a consultant, constantly changed companies and earned quite a lot of money, but for ten years he lost on the stock exchange. Thus, Schwartz’s good salary disappeared very quickly and he, in turn, lived poorly.

Independent swimming

A series of changing successes over the course of ten years forced Schwartz to rethink his trading strategy, his rules and behavior in the market. Having worked on his mistakes and earned some small capital, Schwartz decided to go free and became an independent trader. However, before he became an independent player, Schwartz invented his own indicators, which, based on probability theory and statistics, gave excellent results.

So in the first year of independent trading, Schwartz managed to earn 160 thousand dollars from options with 5 thousand dollars. His wife, seeing her husband’s phenomenal success, persuades him to finally quit his job and enter the stock exchanges to conquer new heights.

A series of successes

After Schwartz decided to purchase a place on the American stock exchange, he had to pay a huge price for the place as well as taxes to the state, after which he had no more than 70 thousand dollars left on deposit. Schwartz looked like a minnow compared to the sharks with billions of dollars in deposits, but in the first four months he managed to make $100,000 trading options.

The next year, Schwartz earned $600,000 in futures trading, after which his earnings never fell below seven figures. Along with making money on the stock exchange, Schwartz is actively buying real estate so that in case of a bad outcome he can start a business; for many years his trading was an example for others until Martin decided to leave the stock exchange.

Martin Schwartz and competitions

Schwartz, already a professional and independent trader, was very fond of trading competitions, so he regularly took part in various competitions, both for short and long time periods. The average profitability in Schwartz during the competition over four months could reach 200 percent.

So, having taken part in one of the reputable competitions, Schwartz earned more money than all the participants in the competition combined, and such statistics were almost always there. What can we talk about if Schwartz traded with 40 thousand dollars for futures market over 20 million dollars.

In an interview, Schwartz said that it was the awareness of his wrongness and tamed ambitions that allowed him to become a successful trader from a ten-year-old loser. By the way, Schwartz never lost more than three percent of his capital in a month.