Stock Trading Wizard: Advanced Short-Term Trading Strategies - Hardcover

Oz, Tony

Hardcover

ISBN 10: 0967386209 ISBN 13: 9780967386201

Publisher: Tony Oz Pubns, 1999

Synopsis

In his book, Stock Trading Wizard, Tony Oz discloses his short-term trading strategies in a simple yet comprehensive manner. The book goes straight to the point covering all the essential elements for short-term trading. It was designed by the author for everyone who is serious about trading stocks for a living. Among other things, the book covers Technical Analysis, Level II Quotes, Advanced Order Execution Systems, Market Psychology, Trader's Psychology, Secrets to Successful Trading, Money Management, Stock Screening Formulas, and much more. The author did not save on paper and included numerous charts and tables in his attempt to paint a clear stock trading system.

About this title

About the Author

Tony Oz is a professional short-term trader who lives and breathes stocks on a daily basis. In 1998, he has made a name for himself when he won 3 stock picking contests beating as many as 2300 contestants over a 4-week period of time. Competition returns were as high as 106% in 4 weeks, and the compounded return for the 5 contests was 822%. He was contracted by a stock picking site, bestreturns.com, to make stock picks for their subscribers. He is one of the founding members and popular traders of Day Traders of Orange County. His experience in teaching Short-Term Trading Seminars has contributed to the writing of what is promised to be one of the best Short-Term Trading Strategies ever published.

Review

Trading securities isnt easy, but Tony Oz can sure make it seem that way. In his groundbreaking new book, Stock Trading Wizard, Tonys many years of experience are evident on every page. His hard-earned wisdom and keen understanding into the tricks, traps, and manipulations of the Market, combined with proven success strategies for meeting these unique challenges, provide the reader with a powerful arsenal of strategies, techniques, and methods that no serious trader, who wants to survive in this business, can afford to be without.

The heart and soul of Tony's book is classic technical analysis, which has proven its viability repeatedly since Charles Dow began charting the Market 100 years ago. Tony explains the basics of chart reading, then reveals his most successful chart patterns, and explains how to trade them. This chapter alone can save you months of study and testing, as Tony gets right down to the essential details needed for a reliable trading system, complete with how to read and interpret each chart, and how to enter and exit for maximum safety and profit potential.

Next comes the most thorough explanation of Level II I have seen in print. Complete with detailed graphics, Tony explains what Level II is, how it works, how to read it, and how to perceive and anticipate the infamous tricks and traps of the mighty Market Makers who are competing against you. Learn how to utilize the Time and Sales screen to determine the hidden manipulations of the Market Makers, and the all-powerful "AX" who controls the show, but hides his movements and intentions from everyone but those who have the knowledge presented in this important chapter.

I have talked with many traders who understood when to buy and sell, yet still lost money due to poor order execution. Tony reveals the strengths and weaknesses of the all the routing methods of execution available with the popular and robust Real Tick III trading software, which has become the de-facto standard of serious traders. Learn when to route your order to SOES, ARCA, ISLD, ECNs, and ISA, and more importantly, when NOT to. Tony reveals which order route is better under different circumstances, and how to avoid being lured into a time or capital wasting action by the often deceptive numbers on the Level II screen.

Tony puts it all together in his section, Trading for a Living, where he teaches practical application of money management and psychological strategies, including how to manage your account for safety and peace of mind, how and where to research to find the high potential trades, Tonys formula for calculating the risk/reward ratio to determine whether to enter or avoid a trade, worksheets for planning and tracking, and more.

As an added feature, Tonys Trading Case Studies describes in vivid detail, the blow-by-blow movements of the stock, the Market, the Market Makers, and his own thought processes, from entry to exit. If you have ever wanted to stand over the shoulder of a master trader, this is a great method for doing so.

Stock Trading Wizard is full of examples, illustrations, anecdotes, and the wisdom and insight of a master trader. I have never seen a book that included so much solid information, given so freely. This book should be part of every traders bookshelf. Its like having a well-chosen trading library all in one book, with no fluff, no filler, just page after page of powerful information and insight. -- Richard LaPoint, aka "SanSoo" - Founder, Day Traders USA Chat Room

Edition details

• Publisher: Tony Oz Pubns
• Publication date: 1999
• ISBN 10: 0967386209
• ISBN 13: 9780967386201
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 187