ZF Capital » Tony Oz

Thought of the Day (December 25, 2009)

ElfLord — Thu, 24 Dec 2009 21:01:47 +0000

Remember that you can always take a day/week/month off if the market does not look right to you. You don’t have to trade just so you feel that you are working. I take many “breaks” when things don’t look right to me. In fact, numerous times I will do all my research, get up at 5:00 AM and be ready to execute my game plan, only to find out that what I was planning on doing was not doable, for whatever reason, i.e. missed an entry, big gap up/down, bad vibes, etc.

When these conditions present themselves, I will call the local golf course, get an early tee time, and leave the trading desk. I do that, because I know that if I stayed around when I am in the wrong mental state of mind, I could make costly mistakes. I’d rather hit a white ball and get frustrated beyond belief scoring in triple digits than stick around when things don’t feel right.

The beauty of the stock market is that there are always new opportunities to make a trade.

– Tony Oz, Stock Trading Wizard

Thought of the Day (September 24, 2009)

ElfLord — Wed, 23 Sep 2009 22:48:53 +0000

Before you enter any trade, think that you will have to explain this trade to the world in a case study format. Trade as if the world was standing behind your shoulders.

– Tony Oz, The Stock Trader

Thought of the Day (September 15, 2009)

ElfLord — Tue, 15 Sep 2009 08:25:06 +0000

If you want to improve your trading, what you need to do is very simple. Before you enter any trade, think that you will have to explain this trade to the world in a case study format. You have to explain the reason for entry, your risk management guidelines, and why you exited the trade. Trade as if the world was standing behind your shoulders.

– Tony Oz, The Stock Trader

Thought of the Day (July 5, 2009)

ElfLord — Sun, 05 Jul 2009 06:35:41 +0000

I know for a fact that my discipline in executing each and every trade according to my trading system is the secret to my success. If you want to improve your trading, what you need to do is very simple. Before you enter any trade, think that you will have to explain this trade to the world in a case study format. You have to explain the reason for entry, your risk management guidelines, and why you exited the trade. If you can truly do this, I strongly believe that you can enjoy the same type of success I have enjoyed in this challenge.

– Tony Oz, The Stock Trader