web
You’re offline. This is a read only version of the page.
close
Please wait...
×

Error

: In an uptrend, price tests the recent high but fails to make a new one (or makes a "trial" of the low in a downtrend) .

: Only once the first two goals are achieved should a trader wait patiently for high-odds opportunities to make extraordinary gains. Amazon.com The "Trader Vic" Technical Toolset

Victor Sperandeo, a renowned Wall Street trader and author, wrote "Trader Vic - Methods of a Wall Street Master" to share his expertise and insights on trading and investing. The book, first published in 1993, has become a classic in the trading community, offering a unique perspective on the markets and the author's approach to achieving success. This paper will summarize the key concepts and takeaways from the book, providing an overview of Trader Vic's methods and philosophy.

Never take a trade without a 3:1 potential payoff.

Another key tactical tool is the , which focuses on "stop-running" behavior. Scenario: Price makes a new high but quickly reverses.