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About the Author

Tony Oz is a professional short term-trader who is recognized by industry leaders as one of the nation's top traders. Tony's first book, "Stock Trading Wizard," is based upon his own personal trading and teaching experiences, and has enjoyed critical acclaim from serious traders all over the world. With a family legacy of stock traders behind him, Tony burst onto the public scene as the three-time winner of the Classic Hedge Hog Stock Picking Contest, defeating 2,300 other contestants with his four-weeks triple-digit returns. Tony is a frequent and popular speaker at trading conferences and conventions, and writes many educational and market analysis articles. He is a founding member of the internationally famous Day Traders USA, and a respected consultant in the development of stock trading related software.

Excerpted from The Stock Trader: How I Make a Living Trading Stocks by Tony Oz. Copyright © 2000. Reprinted by permission. All rights reserved

Introduction:
When I was a sophomore in high school, I woke up one morning not feeling so well, and decided that skipping school was a good idea. But I had already exceeded the number of allowable sick days, and a note from my parents was not sufficient anymore. I needed a doctor's note. So, I made my way to the clinic and got the doctor's note I needed. On my way back home, I passed by a lottery stand. There was a big prize for the next drawing, so the large sign drew my attention. I walked towards the stand, and saw a soldier in uniform buying a lotto ticket. It was a scratch-off ticket, where you find out instantly if you win or lose. I watched the soldier scratch the ticket and win $3.00. The vendor asked the soldier if he wanted the $3.00 or if he wanted three more tickets. The soldier turned to me and asked, "What do you think I should do?" Without hesitation, I replied, "Take the money." The soldier took my advice, collected his money and left. There was an old man standing by the booth where this incident took place. He looked at me and said, "Young man, why don't you take his luck?" I replied, "I don't think so. These type of lottery tickets are the biggest sucker game, and besides, I only have enough to buy the other lottery ticket." The old man looked into my eyes and said, "Why don't you take his luck?" I can't exactly explain why I did it, but before I knew it, I reached in my pocket and bought the lottery ticket the old man suggested. I started scratching the ticket, and I won! I won the jackpot! $15,000 to be exact.
I was so excited that I practically broke the world record for the 400-meter sprint. I ran home so fast I even lost the doctor's note in the process! I called my parents immediately, and they did not believe me. However, they quickly became believers when I surprised them with a $7,000 gift. The wonderful thing about winning this money was that I now had money to speculate with. I finally had risk capital. "Watch out, Wall Street , here I come!"

Foreword:
I sat down at one of four monitors, still only half-awake while sipping my third cup of coffee since 3:30 am. The trading day starts early in California, and it took almost an hour to get here. But whenever a great trader invites me to watch him trade, I feel compelled to take full advantage of such a golden opportunity. Little did I know how extraordinary this experience would turn out to be.
For his second Book, a follow-up to his instant classic, "Stock Trading Wizard," Tony Oz wanted to show the world how he trades stocks for a living. And as I watched for the next four weeks, all of his trading activities were documented in a detailed trading diary. The idea was simple, and the formula classic. He would invite everyone to take an intimate look into his activities as he explains the strategies and processes behind his actions. It's a recipe that has worked for centuries, as Master entrusts to Apprentice a lifetime of knowledge and experience.
After having received an exciting challenge from the founders of the International Online Trading Expo, Tim Bourquin and Jim Sugarman, Tony planned to hold nothing back, providing all the decisive details of each trade, including the thoughts, strategies, surprises, and problems, and how he dealt with the moment-by-moment challenges the Market presented him.
Such a book had never been attempted before. No trader has ever put their reputation on the line with this kind of honesty. It's easy to search through past trades and present the best ones. But no trader has come forth in advance with the candor to say, "For the next four weeks, I will reveal my every move, for better or worse, entries and exits, winners and losers, with all my profits and losses."
Presented in these pages, 116 Round Trips are documented, including the charts, illustrations, and formulas. Tony explains the research and preparation; the joys and frustrations; the exhilarating victories and disappointing defeats. And of course, the blow-by-blow descriptions of each battle between Emotions, Decisions, Market Makers, and Technology.
In this fascinating account, readers will quickly find themselves immersed in the action as Tony weaves his narrative. The chess game never lets up, as The Stock Trader matches his wits with the best the Market can throw at him.
And by an astonishing coincidence of timing, trading for this book was in full swing during the Great Crash of April, 2000. When the devastation was complete and the carnage had exhausted itself, The Stock Trader rose from beneath the rubble triumphantly wielding his profits, unbowed and unscathed, from a Market where over Two Trillion dollars had been obliterated within a mere fourteen days.
Most traders would agree that studying the actions, strategies, and emotions of a great trader is an opportunity anyone, regardless of experience or viewpoint, can benefit from. This book is a treasure in that regard, and is sure to become a classic, as Tony demonstrates with his simple methods, that you too, can make a living trading stocks.

BESTSELLER

The Stock Trader: How I Make a Living Trading Stocks

Professor Zayas-Bazan, Miami-Dade Community College

This book is a MUST read for all daytraders. It is a practical and entertaining book. I strongly recommend both of Tony's books to all my daytrading students.

Chris Wheeler, President DaytradingStocks.com

This book is written in an easy to understand format that all can enjoy. It will help many traders - Beginners and Veterans.

Book Description

"Put your money where your mouth is," came the challenge. So he did. Best selling author, Tony Oz, was challenged by Tim Bourquin and Jim Sugarman, founders of the International Online Trading Expo, to prove that his stock trading strategies work, that he could consistently take higher-than-average returns out of the market. To meet the challenge, Tony kept a trading diary for four weeks, documenting each and every trade he made. The simple story that unfolded turned out to be of much greater consequence than anyone could have foreseen, as Tony chronicled a first-hand description of one of the worst stock market crashes in recent memory. Tony was already into his four-week trading challenge at the peak of the Nasdaq market, just before the Crash of April 2000. Having no idea at the time that he was in the middle of a “correction” that would wipe out over two trillion dollars of stockholder’s equity, Tony managed to earn respectable profits each week, and had only a few losing days. What is truly extraordinary is that all trades were on the Long side – not one trade was selling Short in a rapidly declining bear market. The results of the challenge are detailed in this exciting new book. Inside, Tony tells how he chose a broker, set up an account, and then drew a handsome income from the stock market each week, earning a 56% return on his capital in one month – more than most investors earn in a year. Over 100 round trip trades are recorded, charted and explained in a daily trading journal. Tony reveals what he was thinking and feeling, and he explains each trade’s strategy, and his profits and losses - all the while walking the reader through his simple methodology and simple rules. At the end of each week, he ordered a check from his broker to “sweep” his account, and prevent compounding of profits. “After all,” Tony explains in the book, “Friday is payday."

From the Publisher

Electronic stock trading has become one of the most lucrative and accessible professions in today's computerized world. Stock trading is the career of a new generation, and stock traders who enjoy complete control over their own income, working conditions, and careers are today's upcoming entrepreneurs. When you add up fast executions, electronic access to information, and a state-of-the-art computer systems, it is easy to understand the gold-rush of the 21st century. The question is can anyone do it, or is stock trading just another form of gambling, a sure way for the unlucky to get to the poor house? In the book, "The Stock Trader," author, Tony Oz, answers this question. He shows the readers how a professional stock trader makes his living during a 31% market crash. Mr. Oz is providing the readers with the picks and shovels, so they, too, can find the gold they are searching for. If you think stock trading is gambling, this book ought to change your mind! for good!

From the Inside Flap

From the back cover:
The Challenge: "Mr. Oz, this is what you have to do. Start from scratch, select a broker, open an account, trade for the next four weeks obeying all money management and risk management rules outlined in this book, and show us, all your executed trades - winners and losers."
The Result: A ground-breaking book showing how a professional trader makes his living during the biggest crash of the last decade. This is an amazing opportunity to spend four weeks with Tony Oz and learn how he trades stocks for a living. If you think daytrading is gambling, this book will change your mind forever! If you ever wanted to look over the shoulder of a master trader, this is your chance.

The author, Tony Oz , July 5, 2000
I present you with my greatest educational tool of all


"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!" ~ Reminiscences of a Stock Operator by Edwin Lefevre.
Hi Everyone!
It seems like it was two centuries ago when I placed my first order to buy 300 shares of stock. I was only sixteen years of age and a sophomore in high school. Fourteen years later, I am still in the business of trading stocks. I wish I could say that my road to success was a walk in the park, but it wasn't. It was a road filled with very expensive lessons. I always played a lone hand, and I was fortunate enough to have the greatest educational tool in my disposal, on my path to become a successful trader. It was my very own trading records. I see now that keeping detailed trading records was the single greatest educational tool I ever had, and I spent considerable time pouring over them, learning new lessons each time. My goal in this book is to let you "sit beside" me and watch trade after trade. Some are "textbook" in how well they come together, while others are very messy, and it seems everything goes wrong. But that is real life trading, and hopefully you will gain new insight from my experiences. This is my trading diary, and it is my hope that from this intimate look into my everyday activities, you too can learn as much from these records as I have.
The reason this book came to being is that I was challenged by a dear friend of mine, Tim Bourquin, to take my first book, "Stock Trading Wizard," and show the world how I implement the strategies I featured in that book, in real life. I accepted the challenge, because I felt that it would be very beneficial to the reader to learn from my trading records. What you are about to read in this book is very educational. Therefore, there will be many illustrations that will require both time and a high concentration level on your part. This book was not intended to be a novel, but a text book of many lessons of how I trade stocks for a living. Every case study which features an executed trade includes a chart that shows the pattern I was trading. It is extremely important that you take the time to analyze each and every chart and understand exactly what took place. I understand that there is lot of technical information that slows down the flow of the action; however, it is that technical information that is so important to learn.
One more thing, The CD Rom attached to the back cover contains a link to the Companion to The Stock Trader on the web. Please take the time to read the Companion so you can find the additional scattered gems. The Companion will be updated with new information on a regular basis. Finally, many of you sent me an e mail saying that while you thought that the book, "The Stock Trader," can be read by a relative novice on its own, you felt that it is better understood if it is read after the book, "Stock Trading Wizard." I think you must understand that I had no intention to rewrite or replace my first book. What would be the purpose of that? I did, however, want this book to compliment my first book, yet I wanted it to be understood on its own. I hope I was able to achieve that.
Trade Smart!
Tony Oz



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