Another cornerstone of Sperandeo’s technical approach is the , also known as the "spring" or a "fakeout." This pattern exploits the emotional vulnerability of breakout traders.
Mastering the Market: Inside Victor Sperandeo’s "Trader Vic: Methods of a Wall Street Master"
Sperandeo emphasizes identifying the (primary, secondary, and minor) before making a trade. He believes that trading in the direction of the primary trend is the safest way to maximize gains. Only highly liquid ETFs (SPY, IWM, QQQ) or large-cap stocks
Only highly liquid ETFs (SPY, IWM, QQQ) or large-cap stocks.
: Only after capital is preserved and consistent profits are banked should you seek extraordinary gains on high-probability opportunities. Amazon.com Technical Analysis: Trend Discovery Sperandeo identifies three simultaneous market trends: Short-term : Days to weeks (~14 workdays). Intermediate-term : Weeks to months. : Months to years. The "1-2-3 Reversal" Rule Intermediate-term : Weeks to months
Victor Sperandeo is a professional trader and investor with over 40 years of experience in the financial markets. He is known for his discretionary trading approach, which combines technical and fundamental analysis with risk management techniques.
A protective stop-loss order must be calculated and placed simultaneously with the entry order. Never alter a stop-loss to give a losing trade "more room to breathe." 6. Psychology and the Business of Trading Only highly liquid ETFs (SPY
While fundamental analysis identifies what to trade, Sperandeo relies on technical analysis to determine when to trade. His most famous technical contribution is the , a systematic rule set designed to identify the exact moment a trend changes direction.