Trader Vic on Commodities: What’s Unknown, Misunderstood, and Too Good to Be True

Trader Vic on Commodities: What’s Unknown, Misunderstood, and Too Good to Be True by Victor Sperandeo is an essential guide for traders and investors seeking to master the complexities of the commodity markets. Drawing on his decades of experience as a professional trader and market strategist, Sperandeo provides a rare combination of practical trading techniques, risk management strategies, and a deep understanding of market psychology.

The book begins by stripping away misconceptions about commodities, emphasizing that these markets are neither mysterious nor inaccessible, but instead follow definable patterns rooted in supply, demand, and human behavior. Sperandeo explains how commodities differ from equities and bonds, outlining the unique factors—such as weather cycles, geopolitical risk, and currency fluctuations—that drive price movements in energy, metals, and agricultural products.

At the heart of the text are Sperandeo’s trading principles. He presents disciplined methods for timing entries and exits, constructing price forecasts, and managing risk with precision. His emphasis on preserving capital while allowing profits to grow aligns with the core philosophy he shared in his earlier classic, Trader Vic – Methods of a Wall Street Master, but this volume applies those lessons specifically to commodities.

Readers are guided through the intricacies of futures markets, hedging strategies, and the use of technical tools such as trendlines, support and resistance, and price patterns. Equally important is Sperandeo’s focus on trader psychology: understanding crowd behavior, managing emotions, and developing the patience required to succeed in volatile markets.

Unlike generic introductions to commodities, this book offers the voice of a seasoned professional who has navigated multiple market cycles and crises. Sperandeo’s insights reveal not only how to analyze market structure, but also how to think like a trader—balancing analytical skill with mental discipline.

Trader Vic on Commodities is a powerful resource for professional traders, advanced investors, and students of financial markets who want to deepen their expertise in commodities trading. It stands as a practical and enduring contribution to the literature of market speculation.

Contents:

• The Basics
• You Can’t Win Them All
• Indicators and Tools
• 2B or Not 2B: A Classic Rule Revisited
• An Introduction to the S&P DTI
• A Challenge to the Random Walk Theory
• The Rationale and Value of a Long/Short Futures Strategy
• Why the S&P DTI Is an Indicator
• The Fundamental Reason the S&P DTI Generates Core Returns
• The Nature of the S&P DTI Returns
• A Fundamental Hedge
• S&P DTI Subindexes: The S&P Commodity Trends Indicator and the S&P Financial Trends Indicator

Trader Vic on Commodities: What's Unknown, Misunderstood, and Too Good to Be True By Victor Sperandeo pdf