Sperandeo noted that 2B setups often lead to fast moves, especially in overextended markets.
Sperandeo preferred "flags" and "pennants" on daily charts. He argued that the most reliable trades occur not at the bottom (which is guesswork), but at the within an established trend. He called these "high-odds" setups. trader vic methods of a wall street master by victor best
He famously said: “If you can’t take a small loss, you’ll eventually take a catastrophic one.” Sperandeo noted that 2B setups often lead to
Methods of a Wall Street Master is not a book you read once and shelve. It is a manual you re-read every six months. Victor Sperandeo proved that you do not need a PhD in mathematics to beat the market. You need a clear philosophy (Dow Theory), a set of rules (1-2-3 & 2B), rigid risk management (the 3% solution), and the emotional control of a stoic. He called these "high-odds" setups
Victor Sperandeo , famously known as "Trader Vic," is a Wall Street legend who recorded an incredible streak of 18 consecutive winning years (1971–1988) with an average annual return of over 70%. His seminal book, Methods of a Wall Street Master