Unlike many technical traders, Trader Vic emphasizes . He studies: Trader Vic-Methods of a Wall Street Master - Amazon.com
: In an uptrend reversal, the price attempts to return to its previous high but fails to make a new high. Unlike many technical traders, Trader Vic emphasizes
: Only after capital is safe and profits are consistent should you swing for extraordinary, high-risk gains. The 1-2-3 Trend Reversal Method The 1-2-3 Trend Reversal Method Victor Sperandeo ,
Victor Sperandeo , famously known as is a legendary figure on Wall Street, most noted for his 18-year streak of consecutive profitability and his spectacular 300% gain during the 1987 "Black Monday" crash. His seminal book, Trader Vic: Methods of a Wall Street Master , serves as a comprehensive blueprint for professional speculation, blending macroeconomics, technical analysis, and psychological discipline. The Three-Tiered Business Philosophy : Your first duty is to stay in the game
: The price must break through a valid trendline drawn from the lowest low to the highest minor low (for an uptrend).
: Your first duty is to stay in the game. Without capital, you cannot trade.
: The price then falls below the previous minor low, confirming the new downtrend. The 2B Pattern (The "Spring")