Trader Vic Methods Of A Wall Street Master By Victor Best Today
Sperandeo famously stated: "Losers average losers." A core method is the prohibition of "averaging down." If you buy a stock at $50 and it drops to $45, buying more to lower your average price is suicide. According to Sperandeo, the market is telling you your initial analysis was wrong. Adding to a losing position is the fastest way to blow out an account.
Sperandeo viewed the 200-day MA as the line between bull and bear markets. trader vic methods of a wall street master by victor best
Most traders fail not because of bad analysis, but because of poor emotional control. Sperandeo emphasized: Sperandeo famously stated: "Losers average losers
He believed that mastering yourself is more valuable than mastering any indicator. He believed that mastering yourself is more valuable