{"product_id":"trader-vic-methods-of-a-wall-street-master-isbn-9780471304975","title":"Trader Vic--Methods of a Wall Street Master","description":"Trader Vic -- Methods of a Wall Street Master Investment strategies from the man Barron's calls \"The Ultimate Wall Street Pro\" \"Victor Sperandeo is gifted with one of the finest minds I know. No wonder he's compiled such an amazing record of success as a money manager. Every investor can benefit from the wisdom he offers in his new book. Don't miss it!\" --Paul Tudor Jones Tudor Investment Corporation \"Here's a simple review in three steps: 1. Buy this book! 2. Read this book! 3. See step 2. For those who can't take a hint, Victor Sperandeo with T. Sullivan Brown has written a gem, a book of value for everyone in the markets, whether egghead, novice or seasoned speculator.\" --John Sweeney Technical Analysis of Stocks and Commodities \"Get Trader Vic-Methods of a Wall Street Master by Victor Sperandeo, read it over and over and you'll never have a losing year again.\" --Yale Hirsch Smart Money \"I have followed Victor Sperandeo's advice for ten years, and the results have been outstanding. This book is a must for any serious investor.\" --James J. Hayes, Vice President, Investments Prudential Securities Inc. \"This book covers all the important aspects of making money and integrates them into a unifying philosophy that includes economics, Federal Reserve policy, trading methods, risk, psychology, and more. It's a philosophy everyone should understand.\" --T. Boone Pickens, General Partner Mesa Limited Partnership \"This book gave me a wealth of new insights into trading. Whether you're a short-term trader or a long-term investor, you will improve your performance by following Sperandeo's precepts.\" --Louis I. Margolis Managing Director, Salomon Brothers, Inc. \u003cp\u003eForeword iii\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xiv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1 Building Your Knowledge from the Ground Up 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction: The Secret of the Gamboni 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 From Gambler to Market Master: The Making of a Professional Speculator 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Quest for Freedom 5\u003c\/p\u003e \u003cp\u003eThe Wisdom of the Tape 6\u003c\/p\u003e \u003cp\u003eHorsetrading Options 8\u003c\/p\u003e \u003cp\u003eA Taste of Independence 10\u003c\/p\u003e \u003cp\u003eDiscovering the Nature of Trends 12\u003c\/p\u003e \u003cp\u003eFinding My Freedom 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 The Alligator Principle: Proof of the Need to Think in Essentials 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBeing Eaten Alive 15\u003c\/p\u003e \u003cp\u003eThinking in Essentials16\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 A Business Philosophy for Consistent Success 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreservation of Capital 21\u003c\/p\u003e \u003cp\u003eConsistent Profitability 24\u003c\/p\u003e \u003cp\u003ePursuit of Superior Returns 26\u003c\/p\u003e \u003cp\u003eConclusion 27\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Finding Order in Market Chaos: An Introduction to Dow Theory 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGood Ideas Often Misunderstood 30\u003c\/p\u003e \u003cp\u003eThe “Hypotheses” of Dow Theory 32\u003c\/p\u003e \u003cp\u003eThe “Theorems” of Dow Theory 35\u003c\/p\u003e \u003cp\u003eConclusion 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 A True Understanding of Trends 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUptrend, Downtrend, Move All Around Trend 49\u003c\/p\u003e \u003cp\u003eLet’s Reduce It to Basics 49\u003c\/p\u003e \u003cp\u003eThe Importance of Confirmation 52\u003c\/p\u003e \u003cp\u003eThe Four Phases of a Market 54\u003c\/p\u003e \u003cp\u003eImportant Volume Relationships 57\u003c\/p\u003e \u003cp\u003eConclusion 57\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 The Merits and Hazards of Technical Analysis 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTidewatchers 60\u003c\/p\u003e \u003cp\u003eThe Manipulators 63\u003c\/p\u003e \u003cp\u003eThe Purists 66\u003c\/p\u003e \u003cp\u003eSummary 67\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Where Fortunes Are Made: Identifying a Change of Trend 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDetermining the Trend—Drawing the Trendline 71\u003c\/p\u003e \u003cp\u003eIdentifying a Change of Trend: It's Easy as 1-2-3 74\u003c\/p\u003e \u003cp\u003e2B, or Not 2B? That’s Worth Some Money! 78\u003c\/p\u003e \u003cp\u003eThe Cause of Tests and the 2B Pattern 81\u003c\/p\u003e \u003cp\u003eThe ABCs of Secondary Corrections 84\u003c\/p\u003e \u003cp\u003eSummary 84\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 What the Analysts Don’t Know Can Kill You 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Important Can Anchovies Be? 87\u003c\/p\u003e \u003cp\u003eUnderstanding Moving Averages8 8\u003c\/p\u003e \u003cp\u003eA Different Perspective on Relative Strength 93\u003c\/p\u003e \u003cp\u003eMomentum Indicators (Oscillators) 96\u003c\/p\u003e \u003cp\u003eMaking Specific Stock Selections 104\u003c\/p\u003e \u003cp\u003eConclusion 108\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 The Way the World Really Works: The Basics of Economics 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Jigsaw Puzzle 109\u003c\/p\u003e \u003cp\u003eEconomics According to Robinson Crusoe 112\u003c\/p\u003e \u003cp\u003eThe Role of Money 115\u003c\/p\u003e \u003cp\u003eEconomics and Human Nature 118\u003c\/p\u003e \u003cp\u003eProduction Before Affluence 121\u003c\/p\u003e \u003cp\u003eSavings, Investment, Credit, and Wealth 124\u003c\/p\u003e \u003cp\u003eSummary: The Closest Thing There Is to a Free Breakfast 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Booms and Busts: Who Holds the Pump and Who Holds the Needle? 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBooms and Busts: The Business Cycle 133\u003c\/p\u003e \u003cp\u003eThe Nature of the Business Cycle 134\u003c\/p\u003e \u003cp\u003eThe Structure and Role of the Federal Reserve System 144\u003c\/p\u003e \u003cp\u003eHow Money and Credit Availability Is Created and Controlled 146\u003c\/p\u003e \u003cp\u003eReserve Requirements, Fed Funds Rate, and the Discount Rate 151\u003c\/p\u003e \u003cp\u003eHow to Predict the Trend and Changes of Trend Based on Fed and Treasury Policy 160\u003c\/p\u003e \u003cp\u003eConclusion 162\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Managing Money By Measuring Risk 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe True Meaning of Risk 163\u003c\/p\u003e \u003cp\u003eA Revolutionary Approach to Risk Assessment 166\u003c\/p\u003e \u003cp\u003eAllocating Capital with Odds Management 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 There Must Be Fifty Ways to Lose Your Money 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe $4017 Hairdryer 175\u003c\/p\u003e \u003cp\u003eTrading Rules and the Reasons Behind Them 176\u003c\/p\u003e \u003cp\u003eThe Rules Defined 177\u003c\/p\u003e \u003cp\u003eThe 85% Rule 187\u003c\/p\u003e \u003cp\u003eConclusion to Part 1: Putting It All Together 189\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II The Commitment to Make It Happen: Emotional Discipline 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Trader’s Dream: A Fable 191\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 The Spock Syndrome: Reason and Emotions at War197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 197\u003c\/p\u003e \u003cp\u003eFrom Predator to Trader: The Evolution of Human Emotions 199\u003c\/p\u003e \u003cp\u003eEmotions as Benefactor 202\u003c\/p\u003e \u003cp\u003eEmotions as the Villain 204\u003c\/p\u003e \u003cp\u003eThe Source of Consistency: Emotional Discipline 206\u003c\/p\u003e \u003cp\u003eConclusion 208\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 Success is What You Make It 211\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Prerequisites of Success 211\u003c\/p\u003e \u003cp\u003eThe Meaning of Success 212\u003c\/p\u003e \u003cp\u003eThe Supercomputer of the Mind 214\u003c\/p\u003e \u003cp\u003eDiscovering and Using Motivation 216\u003c\/p\u003e \u003cp\u003eConclusion220\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Changing So It Sticks 221\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUsing Your Body 222\u003c\/p\u003e \u003cp\u003eUsing Your Conscious Mind 225\u003c\/p\u003e \u003cp\u003eDiscovering Awareness 226\u003c\/p\u003e \u003cp\u003eFinding Your Focus 228\u003c\/p\u003e \u003cp\u003eThe Power of Questions 231\u003c\/p\u003e \u003cp\u003eThe Importance of Evaluation 232\u003c\/p\u003e \u003cp\u003eValues and Character 232\u003c\/p\u003e \u003cp\u003eBeliefs and Personality 234\u003c\/p\u003e \u003cp\u003eHarnessing the Power of the Subconscious 239\u003c\/p\u003e \u003cp\u003eAnchoring 242\u003c\/p\u003e \u003cp\u003eConclusion 244\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Conquering False Pride 245\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Most Important Reason People Fail in Trading 245\u003c\/p\u003e \u003cp\u003eYour Evil Twin: The Idealized Self-Image 246\u003c\/p\u003e \u003cp\u003eThe Search for Glory 247\u003c\/p\u003e \u003cp\u003eCompulsion and Imagination 250\u003c\/p\u003e \u003cp\u003eWhen Wishes Become Claims 251\u003c\/p\u003e \u003cp\u003eThe Tyranny of the Shoulds 252\u003c\/p\u003e \u003cp\u003eReal Pride\/False Pride 256\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Finding Your Freedom2 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNotes 263\u003c\/p\u003e \u003cp\u003eGlossary of Terms 271\u003c\/p\u003e \u003cp\u003eBibliography 281\u003c\/p\u003e \u003cp\u003eIndex 283\u003c\/p\u003e \u003cb\u003eVICTOR SPERANDEO\u003c\/b\u003e has been a professional trader and money manager for 24 years. He currently manages and advises institutional and large individual portfolios for Rand Management Corporation. He has been profiled in Barron's and \u003ci\u003eThe Wall Street Journal\u003c\/i\u003e and appears frequently on CNBC and other television networks, and is in demand as a lecturer.  \u003cb\u003e\u003ci\u003eTrader Vic — Methods of a Wall Street Master\u003c\/i\u003e\u003c\/b\u003e  \u003cp\u003e\"Investment strategies from the man Barron's calls \"The Ultimate Wall Street Pro\" Victor Sperandeo is gifted with one of the finest minds I know. No wonder he's compiled such an amazing record of success as a money manager. Every investor can benefit from the wisdom he offers in his new book. Don't miss it!\"\u003cbr\u003e —\u003cb\u003ePaul Tudor Jones\u003c\/b\u003e, Tudor Investment Corporation\u003c\/p\u003e \u003cp\u003e\"Here's a simple review in three steps: 1. Buy this book! 2. Read this book! 3. See step 2. For those who can't take a hint, Victor Sperandeo with T. Sullivan Brown has written a gem, a book of value for everyone in the markets, whether egghead, novice or seasoned speculator.\"\u003cbr\u003e —\u003cb\u003eJohn Sweeney\u003c\/b\u003e, Technical Analysis of Stocks and Commodities\u003c\/p\u003e \u003cp\u003e\"Get \u003ci\u003eTrader Vic-Methods of a Wall Street Master\u003c\/i\u003e by Victor Sperandeo, read it over and over and you’ll never have a losing year again.\"\u003cbr\u003e —\u003cb\u003eYale Hirsch\u003c\/b\u003e, \u003ci\u003eSmart Money\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"I have followed Victor Sperandeo's advice for ten years, and the results have been outstanding. This book is a must for any serious investor.\"\u003cbr\u003e —\u003cb\u003eJames J. Hayes\u003c\/b\u003e, Vice President, Investments Prudential Securities Inc.\u003c\/p\u003e \u003cp\u003e\"This book covers all the important aspects of making money and integrates them into a unifying philosophy that includes economics, Federal Reserve policy, trading methods, risk, psychology, and more. It’s a philosophy everyone should understand.\"\u003cbr\u003e —\u003cb\u003eT. Boone Pickens\u003c\/b\u003e, General Partner Mesa Limited Partnership\u003c\/p\u003e \u003cp\u003e\"This book gave me a wealth of new insights into trading. Whether you’re a short-term trader or a long-term investor, you will improve your performance by following Sperandeo’s precepts.\"\u003cbr\u003e —\u003cb\u003eLouis I. Margolis\u003c\/b\u003e, Managing Director, Salomon Brothers, Inc.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990401401061,"sku":"NP9780471304975","price":37.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471304975.jpg?v=1761787681","url":"https:\/\/k12savings.com\/es\/products\/trader-vic-methods-of-a-wall-street-master-isbn-9780471304975","provider":"K12savings","version":"1.0","type":"link"}