Investment strategy and theory: Schwartz adopts a short-term operating system. He uses a series of small profits to accumulate operating capital.

Specific approach: Schwartz uses operating tools such as the Dow Jones Industrial Stock Price Index, short-term operating indicators, and the S&P 500 Stock Price Index to conduct short-term trading.

Views on investment tools: The ten-day exponential moving average (EMA) is Schwartz's favorite technical indicator to determine major trends.

He believes that if you want to become a skilled trader, you must find tools that are convenient to you and use them repeatedly until you clearly understand what their role is, how to play their role, and how to fully utilize their efficiency.

Famous Quotes and Concepts: During Martin Schwartz's first 10 years of trading career, he always suffered setbacks and was often on the verge of bankruptcy.

However, he was eventually able to turn things around and become one of the best traders in the world.

The first element of his success is that he finds his own way of trading.

During his unhappy years, Schwartz relied on fundamental analysis to make trading decisions, but when he switched to technical analysis for trading, his career began to go smoothly.

What Schwartz wants to emphasize is that this is not to say that technical analysis is better than fundamental analysis, but that he has found a trading method that suits him.

In 1978, Schwartz began subscribing to several securities news and magazines.

He regards himself as a synthesizer. He does not need to design new trading strategies, but just integrates the advantages of others into his own trading strategies.

Later it was discovered that there was a man named Terry Landy who developed a unique trading method called the "Magic Prediction Method".

He is a top student who graduated from the Mechanical Engineering Department of the Massachusetts Institute of Technology and is very talented in mathematics.

The central theory of this method is that the time when the stock market rises and falls is actually the same, but the rate of increase and decrease is different.

Because before the stock market falls, there is always a period of resisting the decline, and before it rises, there is always a period of gathering momentum.

When calculating time, we must start from this period, not wait until the stock price reaches a high or low level.

This theory was completely different from what Schwartz had learned before, but it was of great help to Schwartz.

Schwartz adapted the technical analysis and operating strategies he learned to fit his style.

He said: "The first thing I had to do was to develop an operating method that suited my style." He believed that developing an operating method that suited his personality was the most important part of his plan.

If there is no operation method, there is no profit advantage.

At that time, Schwartz had always been a fundamentalist. He paid attention to inflation, interest rates, company growth rates, price-to-earnings ratios, dividend yields, gross margins, market shares, government policies, and everything else that would

Long-term factors that affect stock prices.

Now, he wants to begin to transform himself into a technical analyst, a market timing master, an operator, and a person who pays attention to the buying and selling signals sent by market price changes.

This is basically the biggest difference between operators and investors.

An operator views the market as a living, breathing entity, not just a collection of individual stocks.

After nine years as a securities analyst, Schwartz decided to completely switch his decision-making basis from fundamental analysis to technical analysis.

He said that your trading method must completely match your own personality, and you must understand the strengths and weaknesses of your own personality.

It took him nine years to truly discover the qualities of his personality.

Schwartz's strengths are his ability to work hard and single-mindedly, his ability to consistently abide by his principles, his ability to concentrate for long periods of time, and his natural aversion to failure.

His weaknesses are his insecure personality, fear of losses, and strong need for the continued support of others and the satisfaction of frequent wins.

A trader is like a chain, all connected by fragile links, and what most often affects your operating style is your own personality weaknesses.

Schwartz is doing ultra-short-term trading.

That means he's always, always, always coming in and out really fast!

He was usually in and out of trades in stone minutes or less, never holding a position for more than a few hours.

Basically, Schwartz used a short-term operating system, because he only had very limited resources, so he had to use a series of small profits to accumulate operating capital.

But as Schwartz became more and more successful, he found that short-term operations could give him the most psychological support and regular satisfaction.

So he designed his own tools based on these characteristics.