Tony Oz: Short-Term Trading, Part I
Tony Oz is a professional trader who uses short-term trading strategies for swing and day trading. He is one of the founding members of Day Traders of Orange County. The popular response to his Short-Term Trading Seminars spurred him to author a book on short-term swing-trading techniques titled “Stock Trading Wizard.” TradingMarket.com’s Marc Dupee conducted the interview with Tony during the week of the Nasdaq’s biggest point gain ever in February 2000.
Marc Dupee: How would you characterize your trading style?
Tony Oz: The category it falls into is a swing trader, which would be both a day swing and an overnight swing, where I will look to take positions in stocks that can be for two, three hours, or even longer. If the position justifies holding overnight, I’ll hold overnight. Sometimes my trades can be less than 5 minutes, but maybe only one or two out of 100 might be those types of trades. So the time frame that I look for is normally at least longer than a couple of hours.
Dupee: Why do you choose that time frame?
Oz: Comfort level. That’s the time frame I’m comfortable with. I look at the bigger picture. I won’t enter a trade unless I think I can make points.