Best [updated]: Trader Vic Methods Of A Wall Street Master By Victor Sperandeopdf
Victor Sperandeo , famously known as "Trader Vic," is a legendary figure on Wall Street who gained international fame for predicting the 1987 stock market crash and achieving 18 consecutive winning years with an average annual return of over 70%. His seminal work, Trader Vic: Methods of a Wall Street Master
Break of Previous Support/Resistance
: The price falls below the previous minor low (or rises above the previous minor high), confirming the reversal [5]. The 2B Indicator (The "Spring" Rule) Victor Sperandeo , famously known as "Trader Vic,"
While Sperandeo’s economic framework provides the direction , his technical indicators provide the entry . Two specific methodologies stand out in the text for their pragmatic application: the Divergence phenomenon and the 2B Rule. Two specific methodologies stand out in the text
The Method:
The defining characteristic of Sperandeo’s work is his refusal to segregate technical analysis from fundamental economics. In Chapter 6, Sperandeo outlines his economic worldview, emphasizing the government's role in manipulating money supply and credit. He posits that markets are not efficient, but rather reactive to policy changes. He posits that markets are not efficient, but
Trend Following
: Sperandeo discusses the importance of identifying and following market trends. He shares techniques for determining the strength of a trend and how to ride it profitably.