The Stock Trader: How I Make a Living Trading Stocks

Rating:
Summary: Interesting and Useful
Review: Don't read this book if you are looking for esoteric set-ups and tricks that you can use in today's market. Do read it if you want to sit with a successful trader and get a hint of what it's like to live by trading.

Mr. Oz impressively made 32% on his account during the crash of April 2000 when the NASDAQ dove by 30%. He did it without shorting and by trading only the hard hit tech sector. The strategy he used was basically the "buy on the dip" technique that worked so well during the historic run-up. However, this feat is not the "take-away" from this book.

The real lesson is risk management. First, Tony is ruthless about leaving bad trades without afterthought or regret. Even when the stock bounds up shortly after he sells, he affirms that he did the right thing by exiting when he did. He always enters a stop loss as soon as he enters the trade, and raises it as soon as feasible. Those of us who have learned this lesson the hard way can only admire his intestinal fortitude. Second, Tony almost never hits his target for a trade. He almost always exits sooner, but he preserves his profits. Mastering these two seemingly simple lessons is what separates the real money-makers from those who finance them.

Rating:
Summary: This Book is Not Worth $ 55 for Its Content
Review: Either Tony Oz is another shallow daytrader, or he didn't want to reveal some of what he really knows (just to give him the benefit of the doubt). While not a complete dud and while there were some trade concepts and underpinnings presented, there was nothing of material substance discussed in this book to benefit would-be serious traders (let me stress the word "material").

Tony Oz may be a successful daytrader, but like most in his profession, these gunslingers do not really have a good grasp of the theories, the financial fundamentals, and the market concepts. One thing they do have is good eye and finger coordination: to press the trigger keyboard as soon as the trade situation goes in their favor or vice versa.

While the quality of the paper is super, the $ 55 price is a bit too much for its knowledge value.(BTW, beware of the binding, it's not top quality either). The book's intrinsic value is probably in the low-to-mid $ 20's, with all the repetitive, boring, shallow rationale's Tony presented for entering and exiting trades.

If Tony Oz were thinking of doing an updated version, he would do the readers a big favor if he discussed and detailed some serious underlying market and technical concepts and principles for each trade he entered/exited. But as I mentioned above, Tony Oz probably would only reveal more of what he truly knows if he's already retired and at twice the $ 55 book price ! Another downer is by the time he thought of doing a revised edition, the interests of would-be buyers would probably be a lot less since the tech stocks he mostly traded in this book challenge, such as YHOO, ORCL, CSCO,etc. would no longer be as captivating as they are still today, and most especially in the late 90's.

Rating:
Summary: Close but no Cigar
Review: Hi Everyone,
I brought this book after reading comments and rave reviews on Amazon, but you must read what I have to say before your part with your money. If you have knowledge of basic technical analysis this book is not going to teach you anything new. The book is based on intraday trading tactics which are repeated again and again throughout the book. For example Tony makes numerous purchases on stocks that make intraday double bottoms but uses no other analysis to enter the trade, like intraday moving averages or candle stick patterns (is this how you would enter a trade?). The book is wriiten in font size 16, I read the book in 2 days sitting on the train to Cannon Street on my way to work. I think this is a weak title, if your looking for hardcore stuff that'll make you money check out: 'Technical Analysis for the Trading Professional' This will teach you more than you'll ever need. If you require more information on anything please feel free to write to Email me.

Rating:
Summary: A real eye opener for me
Review: I found this book very interesting and informative. I read it quickly and learned much from Tony's strategies. However, I found it very convenient that some of his best trades were after hours that provided a huge profit - these were not believable.

I do wish that the format he used in the book would be recorded in a similar book with more recent trades. And, I would like to see a variety of sectors to trade rather than only tech and a very few others. Maybe he has already done this.

A good read, worth the price, wish it were more recent.

Rating:
Summary: Not Bad, but Very Short
Review: I really like the way Mr. Oz not only trades but also writes. This book about trading is fascinating. It is mysterious, humorous and educational. It is hard not to fall in love with Oz's personality when you read this book especially if you are a trader. The most fascinating thing about this book is to see how he thinks and how emotional he gets. His discipline is absolutely amazing and his simple straight forward approach makes it easier to understand. His creativity and humor comes across throughout the book as you can see by the chapters' titles. What I also like is that Mr. Oz is sincere. The chapter "thank you but no champagne for me" shows his personality. I like this book and I like the author. And as other reviewers said, I also highly recommend this book. Definitely five stars for this one.

Rating:
Summary: a real thriller of a stock book
Review: Surprisingly engaging for a "how to" book on trading stocks. I found myself reading late into the night, cheering-on each trade. Tony's techniques are basic, conservative and effective. You won't get rich trading a couple of thousand shares a day, as demonstrated in this book, but it is possible to make a healthy ROI with minimum risk. I particularly liked the detailed explanation and chart accompanying each trade. Nice job, Tony.

Rating:
Summary: a snapshot of thirty days of trading
Review: The Stock Trader

I am a professional daytrader who managers an office in San Diego, CA. I teach traders who want to learn trading by having them sit over my should watching what I do while I explain all of the basics.

This book does just that with Tony Oz. He lets you sit over his shoulder while he trades for 30 days. Highly recommended for anyone who trades.

Rating:
Summary: One of the few genuine
Review: This book is outstanding from the crowd of other books written on the subject. Not only, that Tony demonstrated, that it is possible to make money only on long trades during the crash in spring 2000. What's makes the book so outstanding is, that he describes every trade he made during this 4 week period in detail and the reasoning for the trade. His thoughts and descriptions of the emotions he went trough during this phase are very helpful for every trader.

While reading the book, I really had the impression to look over his shoulder while he prepared and made his trades. Reading this book is a bit like watching a movie on daytrading.

While I haven't found ( and didn't expect to find ) any new concepts, strategies and alike, it was very interesting to read about how a master trader executes well known methods in real live.

The most fascinating aspect of the book is, that even the author had no idea in advance of what will happen through the 4 week trading period. So it was a real challenge for him as well

Rating:
Summary: Entertaining to read, still useful in todays markets as well
Review: Tony Oz's rare and now out of print Stock Trader book is a truly unique book. This is the only book of its kind to actually show you actual executed trades (good ones and bad ones) over a few weeks time period. Complete with all the problems that will plague traders such as failing internet connections, faulty alarm clocks, etc.

This book didn't really capture my attention as I was first reading it. But an interesting thing began to happen nearing the end as I actually started to feel Tony's "rhythm" of trading. I suddenly felt that the books value went up tremendously at that moment.

Tony Oz focuses on the typical elements you face when trading: entry price tactics, stop losses, classical charting techniques, exit tactics, and psychology. While these topics are fairly widely covered topics in different books, the best thing about this book is that it simply allows you to get a feel for how a real trader USES those elements and distills them down to what's absolutely necessary and what's just textbook filler.

Daytrading books haven't really been published at all within the last few years due to the obvious fact that many traders were wiped out when the internet bubble popped. While many older books on daytrading have now become outdated, this book shows the common denominator in all successful trading, whether it be a bubble or a recession.

Rating:
Summary: Another winner from Tony - "Strong Buy" recommendation
Review: Tony's latest book, The Stock Trader, is an excellent resource for all day and swing traders. This well-thought out 280-page book documents successful actual trades Tony made and has chart patterns and trade setups explained in detail on every page.

Tony's the best trader out there who writes, with an easy-to-understand practical style that can help people actually become better traders. Unlike the other theory fluff books that abound out there, both of Tony's books are practical and well-written. This book is well worth 2-3 times the cover price and I have no hesitation in recommending it strongly to all our traders at ... as a "must read" resource.

Thanks, Tony for contributing another useful, practical resource to the trading community. He put a lot of hard work into the book, and it shows. He documents "real trading in action" with risk/money management stops and profitable trades.

Best of all, his book documents a genuine "look over the shoulder of a real trader in action" for a full month's worth of trades. Tony made a 56% return in 4 weeks, turning 50K into 78K (in a bear market month!). It's all here. Read it. He's a good trader.