How to Take Money from Wall Street: Learn to Profit in Bull and Bear Markets

by Tony Oz

Book Overview

Learn How To: Master the Mindset of a Professional Trader. Profit from Tony Oz's Highly-Acclaimed Money Management System. Effectively use MTF Charting Techniques in your Trading. Write and Execute a... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0967943515
• ISBN13: 9780967943510
• Release Date: October 2001
• Publisher: Goldman Brown Business Media
• Length: 200 Pages
• Weight: 1.00 lbs.
• Dimensions: 7.0" x 10.0"

Customer Reviews

Amazing Book

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.

Wasn't expecting this good

From some of the negative reviews I was kind of expecting a book that was probably useless except for maybe a few helpful tips. Boy was I wrong. This book is right up there with Alexander Elder's books as far as giving you a widespread view of trading, along with detailed views of Oz's preferred methods. Excellent coverage of money management and risk evaluation. He includes a link to a free download of his risk calculator.Oz even takes you into his daily world, both psychologically and technically, and has a ton of examples of real trades with detailed explanations of why he made them, why he entered them when he did, and why he exited them when he did. He even includes some of his failed trades. There is plenty of coverage of chart patterns, including candelsticks, and what Oz considers to be the most important indicators.I found this to be an honest and detailed look into the mind and procedures of a trader. I know he pushes some of his other services, but you really don't feel that too much from the book, although his screening parameters might make you want to subscribe to the Oz Screener if you use Real Tick. He also mentions that the screening formulas are available in his earlier books, but for some legal reason he can't print them in this one (maybe some kind of agreement with Real Tick, since the other books are out of print). He goes into detail about his screens and why he uses them. You could probably figure out the formulas without too much effort just by understanding what he's screening for.The other thing I really enjoyed about this book was its concise nature. Oz is an excellent author. There is no filler here. He writes simply and to the point. Unlike many other authors he seems to understand that clear communication and not showing off his IQ is the goal of writing a book. For those who have read a lot of trading books you know how rare that is. Oz is a relaxing read, not a tension-filled one.I've read a lot of trading books, but along with Elder's books this is probably the only book I've read that by itself has enough to get you started on the right track in trading.

An Indispensable Book For Any Trader

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 abou

Great Book for beginner

Its a Great book for beinners. To start, You wont need anything eles. I build my own system (trading rules and money management) based on this book and keep trying fine-tune.Contents are Money managementTechnical Analysis (really basic)Trading StrategyMind control.Also I think that it is good for mid-beginners who are confused because they have got too much infomation about trading.His method is simple yet practical. You can first try his method and fine-tune the trading style with what you have learned so far. That is what I have done and still I am doing so.Thank you

Well Done

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