Trader Vic Methods Of A Wall Street Master By Victor Sperandeo.pdf -

Review: Trader Vic: Methods of a Wall Street Master by Victor Sperandeo

Overview First published in 1991, Trader Vic: Methods of a Wall Street Master is the first of two books by Victor Sperandeo, a professional trader with a reported 20-year track record of no losing years. Unlike many abstract trading "gurus," Sperandeo—nicknamed "Trader Vic"—writes from direct experience as a speculator, hedge fund manager, and analyst. The book is part memoir, part technical manual, and part philosophy text. It aims to teach a disciplined, probabilistic approach to trading rather than a "get rich quick" system.

Sperandeo places a short sell stop just below the low of the "2-B" bar. The stop loss goes just above the most recent high. This method is dangerous for novices, but in the PDF, Sperandeo dedicates an entire chapter to the statistical conditions under which the 2-B works best (e.g., weekly charts only, after extended moves of 20% or more). Review: Trader Vic: Methods of a Wall Street

: Only when your capital is safe and you are consistently profitable should you wait for the "home run" opportunities. 2. The "1-2-3 Reversal" Strategy It aims to teach a disciplined, probabilistic approach

Final Thoughts and Recommendations

This is Sperandeo’s signature technical method for identifying the end of a trend and the birth of a new one. The Trendline Break : The price must break through a valid trendline. A Test of the High/Low This method is dangerous for novices, but in