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Rating: 
Summary: Beginners only
Review: 33% of this book is a review of the Tony Oz stock scanner. This section is available free on his web site.33% of this book is his personal story 33% of this book explains his trading stratey and money management. For the price I think it is a rip off though you will pick up some good points
Rating: 
Summary: Well Done
Review: Hi, I am an international student from Japan. So there will be alot of grammer mistakes. sorry for in advance. First, I really like Mr. Tony Oz system because it is really simple. In most of the books which I've ever read (approximately 15 books.) somewhat made me weight on indicators. On the other hand, this book never talks about even an indicator.(besides Moving Averages, Bollinger Bands and Volume.) On this book, he concentrates on Support and Resistance lines, trend lines, and Volume. He also talks about money management in very simple form and his actual setups. I think this book is not for those who have already built thier own trading system and constantly making money in stock market, but I strongly recommend this books for beginners who want to build fundamental just like me. And I wish I had read this book before 15 books I bought.
I could have skip 5 , 10 or even 14 books. (I would still want to read "the Master Swing Trader" by Mr Alan S Farley) Forgot to mention, his strategy is a swing trading method holding stocks for a day to weeks. Thank you for viewing my review. NORI
Rating: 
Summary: searching for non-randomness
Review: I always find it amusing when someone publishes a book detailing a specific trading strategy. Why, because although certain behaviors never change in the markets (fear and greed), the market internals are always changing and evolving. What this means is that virtually all trading strategies become useless over time. This is the most recent of Oz's three trading books, and although published in 2002, it was written mid-year 2001. Oz started trading during the Roaring Nineties, and in all of his books he states that his trades are always based on support and resistance levels. Support and resistance levels are self-fulfilling prophecies, in that if a critical mass of enough traders believe in such levels, they will cause these levels to materialize by entering and exiting trades at such levels. This works great in powerful markets when such a critical mass of traders are present. However, the 2000-2002 bear market effectively purged the markets of this critical mass of traders, and hence I no longer see consistently tradable support and resistance levels in the major indexes, and also in individual stocks. Traders are always searching for non-randomness, that is any pattern that repeats itself enough of the time that it can be profitably traded. I have reviewed Oz's system of support and resistance trading, and also his use of scans to find breakouts, reversals and gaps, and have not found them to be viable in today's market. I also note that his website does not appear to have been updated since 2002, which makes me wonder if he is still able to trade profitably using this system. I doubt it. This book is worthwhile as an introduction to using scans to find specific stocks to trade, if one is interested in trading stocks rather than indexes, which are inherently more risky (for example, Oz mentions that he once was long in a stock at 13 when it was halted for trading; it opened several days later at around 5). Also, his practice of seeking a minimum 3 to 1 return on every trade is important, because it allows you to be profitable even when only 50 percent of your trades are successful. I would not, however, pay the inflated price of the book.
Rating:
Summary: searching for non-randomness
Review: I always find it amusing when someone publishes a book detailing a specific trading strategy. Why, because although certain behaviors never change in the markets (fear and greed), the market internals are always changing and evolving. What this means is that virtually all trading strategies become useless over time. This is the most recent of Oz's three trading books, and although published in 2002, it was written mid-year 2001. Oz started trading during the Roaring Nineties, and in all of his books he states that his trades are always based on support and resistance levels. Support and resistance levels are self-fulfilling prophecies, in that if a critical mass of enough traders believe in such levels, they will cause these levels to materialize by entering and exiting trades at such levels. This works great in powerful markets when such a critical mass of traders are present. However, the 2000-2002 bear market effectively purged the markets of this critical mass of traders, and hence I no longer see consistently tradable support and resistance levels in the major indexes, and also in individual stocks. Traders are always searching for non-randomness, that is any pattern that repeats itself enough of the time that it can be profitably traded. I have reviewed Oz's system of support and resistance trading, and also his use of scans to find breakouts, reversals and gaps, and have not found them to be viable in today's market. I also note that his website does not appear to have been updated since 2002, which makes me wonder if he is still able to trade profitably using this system. I doubt it. This book is worthwhile as an introduction to using scans to find specific stocks to trade, if one is interested in trading stocks rather than indexes, which are inherently more risky (for example, Oz mentions that he once was long in a stock at 13 when it was halted for trading; it opened several days later at around 5). Also, his practice of seeking a minimum 3 to 1 return on every trade is important, because it allows you to be profitable even when only 50 percent of your trades are successful. I would not, however, pay the inflated price of the book.
Rating:
Summary: Wasn't expecting this good
Review: I have just finished reading "How To Take Money From Wall Street", and I can say without question that this book has helped my trading more than any other book I have read. I was reluctant to buy this book at first because the price is so high, but I know now that it is worth every penny. This book excels precisely because it is different from most other "trading" books in three important respects. First, it is written by a professional trader; second, it provides very specific setups; and third, it tells you how to manage a trade after you have entered it. I have read several books on trading, and some of them have been very helpful. But I cannot say that any of the other books actually improved my trading results. Trading books tend to be written by people who act as advisers, or observers, of the market. These people make their living observing the market in a detached fashion. By contrast, Tony Oz is a professional trader. He knows what it is like to face the market day in and day out, and has proven that he can take money out of the market on a regular basis. He does not just throw out a bunch of trading "rules", he tells you exactly why they must be followed, based on his own trading experience. This book is also packed with advice on how to deal with losses, how to think about a situation where you made a small profit but "left more profits on the table", and what frame of mind you have to be in to trade. In short, Oz addresses things that traders deal with every day, but that other books don't talk about. But what makes this book invaluable is the actual trading setups and the specificity with which they are described. Oz walks the reader through his setups, providing precise entry points and numerous examples. These setups provide profitable opportunities in the market day in and day out. I have not found another book that is so clear about its trading setups, or where the setups have been so consistently successful. Once you are in the trade, Oz does not just leave you to fend for yourself. I have read books which provided great entry setups, but once I was in the trade I was left to my own emotions and I never knew when to sell. But in this book Oz has incorporated a sophisticated money management system, which tells you how to set your first stop loss point, how to determine your target price, and how to adjust your stop loss as the stock moves in the anticipated direction. This money management system is truly unique and it makes the book more complete than any other I have read. When you study the book and execute trades according to his setups, you almost feel as though he is right there, walking you through your trade every step of the way. You may be wondering, if this book is so good, why it is being offered for $50 by this master trader. You may be thinking that this book is just 200 pages of snake oil. I wondered the same thing before I mustered the courage to buy it. After all, alot of professional traders are very secretive about their setups and would never publish a book so clear and explicit as this one. I think the answer is that Tony Oz has a passion for teaching, and that, as a person, he is a class act. Believe me when I say that with the trading setups he invented, it's not like he really needs your $50. If you want to become a successful trader, you should take advantage of this opportunity and get the education of a lifetime.
Rating:
Summary: Amazing Book
Review: This is an amazing book - in fact it is one of the better trading books that I have ever read. If you're a novice trader, however, I would recommend you read one of the many introductory books and then a more advanced book on technical analysis before reading this one. This is a marvelous piece of work by someone that can convey the message to his readers in a very clear way. The book is an easy one to read, it's well put together in simple English. It has a lot of charts and well classified.
Rating:
Summary: this is how a pro would trade
Review: this is an easy to read, straight forward book. tony oz simply shows you how he trades in one month. this is what's in the book. tony oz opens a new account for writing this book. in the next month, he recorded all his trades on this account. giving you every detail about his trade. it is like living in his mind (during trading hours only, of course...) for this month. he tells you how he chose entry and exit points, why he chose them, how he manages his trading money etc everything you need to know to trade well. this book is about as close as you can get to understanding how to make day trading successful. assuming the author is honest in his writing here (i dont doubt him), he has just shown us how you can make money on ONLY on the long side of the market in one of the most bearish months for decades (he made some pretty decent profits!). read this book, if only to get some inspiration!
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