Sperandeo is brutally honest about the psychology of trading. He dedicates significant space to the difference between analysis and trading . You can be a brilliant economist and a terrible trader.
This is arguably the most practical takeaway from the book. The is simple but ruthless: Never risk more than 2% of your total trading capital on any single trade. Trader Vic Methods Of A Wall Street Master By Victor
Most traders dismiss Dow Theory as outdated history. Sperandeo resurrected it as the ultimate trend-finding tool. He didn't invent new indicators; he mastered the old ones. Sperandeo is brutally honest about the psychology of trading
Here are the three pillars of the Trader Vic methodology that every modern trader needs to understand. Trader Vic Methods Of A Wall Street Master By Victor