Sperandeo argues that trading is a profession that requires the same discipline and scientific approach as engineering or medicine. He rejects the "random walk" theory, positing that markets follow trends based on human psychology and fundamental economic laws.
By Victor Best
Read it once, and you’ll learn tactics. Read it five times, and you’ll internalize the philosophy. trader vic methods of a wall street master by victor best
The price breaks below/above the previous secondary high/low. The "2B" Pattern Sperandeo argues that trading is a profession that
: He advocates for the rigorous use of pre-set stop-loss orders to protect capital. Risk-Reward Ratio : Preference is given to trades offering at least a 2:1 reward-to-risk ratio Position Sizing Read it five times, and you’ll internalize the philosophy
Before dissecting the methods, it’s crucial to understand the man. Victor Sperandeo, nicknamed “Trader Vic,” started as a quote boy on Wall Street and rose to become the Director of Currency and Futures Trading for a major investment firm. His claim to fame? He achieved an average annual compounded return of over 70% for more than a decade — without a single losing year.
Sperandeo despised mental stops. He used GTC (Good 'Til Cancelled) hard stops on every single position. He argued that if you are unwilling to place the stop with your broker, you are emotionally attached to the trade.