He closed the file and looked out the window at the city lights. The headache was gone. He realized that he wasn't a "master" yet. He might never be. But for the first time, he wasn't a gambler anymore. He was a student of the game.
Sperandeo argues that the primary goal of any trader is to preserve capital.
Sperandeo emphasizes that trading is a game of odds, not certainties [2, 3]. He closed the file and looked out the
Using his Dow Theory readings, Sperandeo noticed a "non-confirmation" in the transports against the industrials weeks before the crash. More importantly, he applied his : When the number of stocks making new highs declines while the index rises, a violent reversal is imminent.
Trader Vic: Methods of a Wall Street Master " by Victor Sperandeo is a foundational text in trading literature, combining technical analysis with economic theory and market psychology He might never be
He closed the position at the end of the day. He hadn't made back everything he lost—that would take time—but he had made back his confidence.
Trader Vic: Methods of a Wall Street Master Victor Sperandeo Sperandeo argues that the primary goal of any
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