Sperandeo uses to define primary, secondary, and minor trends.
Trader Vic: Methods of a Wall Street Master by Victor Sperandeo. Sperandeo uses to define primary, secondary, and minor
: In an uptrend, the price attempts to rally but fails to make a new high (or in a downtrend, fails to make a new low) [5, 6]. Sperandeo uses to define primary
He didn't use arbitrary dollar stops. He used structural stops. If the 1-2-3 pattern fails (e.g., price hits a new extreme), he exits immediately. This is mechanical, not emotional. price hits a new extreme)
The core of the book delves into Sperandeo's specific trading strategies, which are grounded in his extensive experience. These strategies include:
Sperandeo emphasizes that trading is not about prediction, but about management. He outlines a triad of success: