Trader vic methods of a Wall street master by Victor Sperandeo PDF

Trader vic- Methods of a Wall street master by Victor Sperandeo PDF

Trader vic methods of a Wall street master by Victor Sperandeo PDF- This book is an exposition of those fundamental ideas and is designed for market players who, like myself. rely on books as their main source of information.

Category: Stock, Forex

Author: Victor Sperandeo (trader vic)

tag: Victor Sperandeo

Language: English

Download link: At the end of the post

Trader Vic II : Principles of Professional Speculation


I was stimulated to write this book when I saw the movie Wall Street. The media often present such a distorted view of what life is like in this business that I wanted to counter that view. With a lot of hard work, some good decisions, a couple of laughs, and a few good friends, it is possible to be both a happy and successful market professional without turning into the kind of villain presented in the movies.

What started as an idea after watching a movie turned into a much larger project than I expected. Without the help of my family, friends, and employees, I couldn’t have done it. First of all, I want to thank T. Sullivan Brown, whose writing ability and similar philosophic beliefs made it possible to produce a book I am truly proud of. I am also grateful to my partners, Norman Tandy and Douglas Kent, whose help and recommendations are part of the book.

I can never thank my wife Teresa enough. Without the dedication, patience, and loyalty she has shown throughout my career, I couldn’t have developed skills worth writing about. I also want to thank my two daughters for their love, understanding, and interest in the project.
Thanks, too, to all my employees, past and especially present, who have helped me in so many ways, too numerous to
mention. And thanks to all those friends whose care and concern has been an integral part of my personal growth and achievement.

Introduction- Trader vic methods of a Wall street master by Victor Sperandeo PDF

Books on the financial markets . . . I must have 1200 of them in my personal library alone. There are books about securities analysis, options strategies. futures strategies, technical analysis, and so forth. Most of these books have good ideas in them, and about 2% of them are truly superior. But most of them share a common problem: they try to sell you an approach that relies on one basic method to “beat the market,” one that in many cases hasn’t even been fully tested in the real world. Other books contain material so specific that you need a lot of previous knowledge and often years of experience before you can understand and use them.

Newcomers and established market professionals alike waste countless hours of valuable time learning about the markets through trial and error and by reinventing the wheel. I’ve looked for a book that could eliminate this tremendous waste, one that ties together all the basic ideas required to understand the markets and make money with the knowledge. I couldn’t find it, so I decided to write one. In addition, I decided to divulge some proprietary observations and discoveries that helped me achieve an average annual nominal rate of return of 70.71%c during a 10-year period without a losing year, as shown in Table P.1.

During my career on Wall Street, I have developed a unique approach that integrates knowledge of odds, the markets and their instruments, technical analysis, statistical probability, economics, politics, and human psychology. Most market players rely on one, two, or three of these areas, but I combine all of them. assessing risk/reward from every possible dimension to keep the odds in my favor. This may sound complex and cumbersome, but it’s really not. Reducing all these elements to fundamentals that can be applied in a direct. straightforward manner makes the complex relatively simple and manageable.

This book is an exposition of those fundamental ideas and is designed for market players who, like myself. rely on books as their main source of information.
The first books I ever read were about baseball players. 1 really loved baseball as a kid and dreamed about being a top professional. So I read about proven athletes-Hall of Famers such as Ty Cobb. I emulated them, copying their batting and fielding styles, and practiced continually until one day I realized I was no longer emulating, but playing my own game. I have followed this pattern of learning throughout my life: choosing a goal, observing and reading the teaching, of
skilled professionals, and learning through practice and observation until eventually I developed my own unique style of achievement.

One thing, however, has changed. As a child, part of my motivation was the desire to be a hero-to be another Ty Cobb, to win a gold medal at the Olympics when I was in gymnastics, and so on. But at some point, I recognized that there comes a time when you have to let the quest for glory go.
There is a pervasive idea, especially in the United States, that if you are not number one in your field, then you are lacking something. But only one person can be number one, and I think that people who make being number one their primary goal are asking for a life of frustration, even if they do reach the top. Like the gunslingers in the Wild West, once you’re recognized as the best you become a target to be shot down, and when that eventually happens, what are you left with? Glory is nice while it lasts (if it ever comes at all), but it usually never lasts very long. For example, in watching the U.S. Open recently, one of the commentators quoted Steffi Graf as saying she was happy with only I out of every 30 games she played. This phenomenal tennis player, who has
won 97% (!) of her professional matches in the last three years, is generally unhappy with her game. It is unfortunate that someone so great at what she does is probably basically unhappy.

The essence of success and happiness results from actualizing your potential, which requires a constant process of learning and growing, as well as the recognition that making mistakes is an inevitable, even essential, part of life. Realizing this, I write this book for those who seek from their participation in the financial markets the greatest reward life has to offer: self-satisfaction.

Contents- Trader vic methods of a Wall street master by Victor Sperandeo PDF

Part I Building Your Knowledge from the Ground Up
Introduction: The Secret of the Gamboni

1 From Gambler to Market Master

2 The Alligator Principle: Proof of the Need to Think in Essentials

3 A Business Philosophy for Consistent Success

4 Finding Order in Market Chaos

5 A True Understanding of Trends

6 The Merits and Hazards of Technical Analysis

7 Where Fortunes Are Made

8 What the Analysts Don’t Know Can Kill You

9 The Way the World Really Works

10 Booms and Busts

11 Managing Money By Measuring Risk

12 There Must Be Fifty Ways to Lose Your Money

Part II The Commitment to Make It Happen: Emotional Discipline

13 The Spock Syndrome: Reason and Emotions at War

14 Success is What You Make It

15 Changing So It Sticks

16 Conquering False Pride

17 Finding Your Freedom

About author

Known as “Trader Vic”, is a US trader, index developer, and financial commentator based in Grapevine, Texas, United States. He serves as the President and CEO of Alpha Financial Technologies, LLC (AFT), is a founding partner of EAM Partners L.P., and serves as the President and CEO of its general partner, EAM Corporation.

Victor Sperandeo traded in commodities, particularly in the energy and metals sectors. He is renowned for having ‘predicted’ the stock market crash of 1987 during an extensive interview in the September 21 issue of Barron’s; on October 16, one trading session prior to Black Monday, Sperandeo shorted the Dow and made 300% during a day the DJIA fell by over 20%.

>> Read more about Victor Sperandeo and his books on E4T

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