Trader Vic Methods Of A Wall Street Master By Victor Best Direct

This is Sperandeo’s signature setup for catching market "fake-outs." A price makes a new high but quickly reverses.

If you cannot sleep because you are worried about a trade, you are trading too large. Reduce your position size until the trade becomes boring. trader vic methods of a wall street master by victor best

: Sperandeo often recommends a 5:1 reward-to-risk ratio for these trades. Strategic Philosophy & Risk Management Three Principles of Professional Speculation Preservation of Capital : The primary goal; never let a large loss occur. Consistent Profitability This is Sperandeo’s signature setup for catching market

You enter on the break of Step 3. Place your stop loss just beyond the extreme of Step 2. This gives you a clear risk/reward ratio and a high-probability entry. trader vic methods of a wall street master by victor best