Trader Vic Methods Of A Wall Street: Master By Victor Best

Victor Sperandeo , famously known as "Trader Vic," provides a comprehensive framework for professional speculation in his book, Methods of a Wall Street Master

: Only once capital is protected and consistency is achieved should a trader seek outsized gains. Risk Control Stop Losses trader vic methods of a wall street master by victor best

Recommended reading: Trader Vic: Methods of a Wall Street Master by Victor Sperandeo (often misspelled as "Victor Best"). Follow up with Trader Vic II: Principles of Professional Speculation. Victor Sperandeo , famously known as "Trader Vic,"

The 3% Rule: Never risk more than 3% of your total capital on a single trade. The 3% Rule: Never risk more than 3%

The ultimate takeaway from the Wall Street Master: You do not need to be right 70% of the time. You only need to be right 40% of the time, provided your winners are 3x larger than your losers. That is the mathematical edge. That is the Method.

Part VII: The "Wall Street Master" Checklist

To summarize the "Trader Vic Methods of a Wall Street Master by Victor Best" (Sperandeo), here is his pre-trade checklist.