Trader Vic: Methods of a Wall Street Master
$19.24
| Author(s) | |
|---|---|
| Pages |
146 |
| Format |
|
| Published Date |
1993 |
Trader Vic: Methods of a Wall Street Master by Victor Sperandeo with T. Sullivan Brown is a timeless trading classic that has guided generations of traders toward a deeper understanding of market behavior. Written by a Wall Street veteran with decades of proven success, the book combines practical trading tactics with broader economic insights, offering a holistic roadmap for navigating financial markets with confidence and discipline.
At its core, the book is about developing the mindset and methods of a professional trader. Sperandeo introduces readers to his disciplined approach, which emphasizes capital preservation, risk management, and a systematic way of identifying opportunities. He stresses that successful trading is not about luck or short bursts of fortune, but about consistently applying proven principles with patience and control.
A key contribution of this work is the “2B Rule” and Sperandeo’s detailed exploration of trend recognition. He demonstrates how to define and confirm trend changes, identify the critical turning points where major moves begin, and avoid common pitfalls that trap inexperienced traders. Beyond technical analysis, the book also dives into economic theory and market structure, helping readers understand the broader forces that shape price movement and investor psychology.
Sperandeo’s writing style blends storytelling with instruction, enriched by his personal experiences as a trader who not only studied the markets but thrived within them. He candidly discusses both successes and failures, giving readers an authentic view of what it takes to survive and prosper in a profession where discipline often matters more than prediction.
What makes Trader Vic: Methods of a Wall Street Master especially valuable is its enduring relevance. Although originally published decades ago, the principles outlined remain as applicable today as they were during Sperandeo’s trading career. The book has become a cornerstone reference for professionals, educators, and serious market students, offering a foundation of knowledge that continues to inform modern trading strategies.
For traders seeking to elevate their craft and adopt the disciplined perspective of a true market master, this book is an indispensable guide and a must-have addition to any serious trading library.
Contents:
- From Gambler to Market Master
- The Alligator Principle
- A Business Philosophy for Consistent Success
- Finding Order in Market Chaos
- A True Understanding of Trends
- The Merits and Hazards of Technical Analysis
- Where Fortunes Are Made
- What the Analysts Don’t Know Can Kill You
- The Way the World Really Works
- Booms and Busts
- Managing Money By Measuring Risk
- There Must Be Fifty Ways to Lose Your Money
- The Spock Syndrome: Reason and Emotions at War
- Success is What You Make It
- Changing So It Sticks
- Conquering False Pride
- Finding Your Freedom
Trader Vic: Methods of a Wall Street Master By Victor Sperandeo pdf
10 reviews for Trader Vic: Methods of a Wall Street Master
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Kairi Bradford (verified owner) –
Valuable information from a person that has been a tremendous success as a trader. My only regret is that I didn’t get this book sooner!
Sunny Mayo (verified owner) –
This is one of the best books about stock trading. It is directed more toward the intermediate to advanced trader, but it has quite a few pearls for the beginner as well. Trader Vic lays out stock trading in two ways. First, he gives the reader a lesson in economics as it pertains to the stock market. He concentrates on the specific economic factors that cause trends in the market including monetary and government policy, news, world events, and history. Second, he gives the reader a “trading floor” view of the actual sausage making process that is stock market speculation. This includes details about different types of traders, institutions, advisers, brokers, options traders, fund managers, and every day speculators. His focus is on the speculative trader and the intermediate trading time frame. He lays out basic principles for speculation and shares his trading techniques including risk management, technical analysis, trend identification, options, and an entire section on psychology that blew my mind. This book is a must read for the beginner on up to the seasoned trader.
Gwen Norris (verified owner) –
Victor provides what you need to know to trade in the markets. I especially liked his chapters on money management, the economy and the psychological mindset required to be successful. If you trade you need to read it.
Gloria Shannon (verified owner) –
MUST READ!
Canaan McIntosh (verified owner) –
The book is basically for speculators and investors. Vic goes through some general market information, talks about a business philosophy for consistency, then moves into Dow theory. He covers in detail his technique for understanding trend. The good and bad of technical analysis. Finding trend changes. Then he goes into a very interesting section discussing his view on economics. The book finished up with about 100 pages on emotional discipline and understanding and modifying your internal situation.
This is a great book. Vic covers his trading approach in enough detail that I can follow it. He also covers the risk management, which is key to any successful trader/speculator/investor. His section on the mental aspect, which is hugely important, touches on Tony Robbins and others. Its an important topic and you are going to have a bad time in the markets if you don’t get your mind right.
I am upset about one thing, I purchased this book on July 12th, 2015. I was working my way through some other books and this one got lent out for someone else to read while I finished the other books. Well one thing leads to another and I just got the book back. Yes, 15 years later. Too bad, would have liked to read this more than a decade ago. On a positive note, I now mark on my calendar, with alerts, whenever I lend out a book. Think I might also institute a sever late fee daily charge too.
This is a great book and I think it should be read by anyone that trades or speculates.
Mira Donaldson (verified owner) –
Vic’s classic pattern is as relevant today and when he first wrote about it.
Eliel Wise (verified owner) –
Frankly, his instructions and method on trend lines is worth the priced of the book. Knowing his method and following them will put you in a great position to profit from major market swings… if you will follow and trust it.
Cairo Morse (verified owner) –
Part one is on technical analysis. Quite basic concepts, and in general, not all investors buy into that approach.
Part two is on psychology tuning. This is a must for all professionals — not only for the sake of better returns but also for better life quality. Vic does have a lot to offer in this regard.
Readers may select the content that appeals to them and skip the rest (e.g., some may skip the “voodoo” chart-reading techniques in earlier chapters).
Ander Rich (verified owner) –
I got a tremendous amount of value out of this book. The book is still very relevant and informative. The second part of the book is more focused on the psychology aspect of trading and in life. The authors perspectives are unique, thoughtful and succinct. Excellence book that I’m sure I will be re-reading parts of it for years.
Jericho Fleming (verified owner) –
Must read for all investors, beginners to advance. Unfortunately the author should stay away from psychology since his info. is dated not relevant and uninformative. He should stay within his sphere of expertise which is investments…stocks.