Sperandeo argues that the only answer to the most fundamental investment question—"What creates profits?"—is actually very simple: . He writes that "fundamental macroeconomic forces are responsible for creating the trend itself," and once in force, the overriding trend will continue until new fundamentals are strong enough to change it.
Extra quality means acknowledging these and Sperandeo with: Sperandeo argues that the only answer to the
This is the absolute prerequisite for longevity. If you lose your chips, you can no longer play the game. Sperandeo emphasizes that managing risk must always come before projecting profits. If you lose your chips, you can no longer play the game
Sperandeo views this as an evidence-backed sign of institutional profit-taking or a lack of buying momentum. Traders can use the 2B setup to take counter-trend positions immediately, placing a tight stop just past the failed breakout point. 4. Macroeconomics and the Business Cycle Traders can use the 2B setup to take
Trader Vic is unique because it dedicates significant space to trading psychology—the often-overlooked "soft skill" that separates survivors from blow-ups. The book is divided into two distinct parts: Part I focuses on "Building Your Knowledge from the Ground Up," while Part II addresses "The Commitment to Make It Happen - Emotional Discipline".
Unlike most technicians, Sperandeo explicitly defines (horizontal channels) as distinct from trends. His rule: