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Trader Vic--Methods of a Wall Street Master

Trader Vic--Methods of a Wall Street Master

List Price: $24.95
Your Price: $16.47
Product Info Reviews

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Rating: 5 stars
Summary: Must Read
Review: ...gives you a "street" perspective on trading. There's some useful information in this book, but also a lot of useless information such as Sperandeo's economic theories (which are just plain nuts). If you plan on trading it's a good book to read just for the value of seeing how Sperandeo approaches it.

I've read most books on trading and this one is neither exceptional nor terrible. Take from it what you will and apply it to your own knowledge.

Rating: 5 stars
Summary: 2B or not 2B - it's easy as 1-2-3!
Review: 1-The trendline is broken; 2-The trend stops making higher highs or lower lows; 3-See if prices go above a previous high or below a previous low; 2B rule - a higher high or a lower low is made but fails to carry through.
In a 280 page book this is the only really valuable thing that caught my attention. These are two very powerful rules which if carefully and meticulously applied, the results in the long term will be very, very profitable. That's it. That's all. All there is to it.
There are some other interesting concepts explained in the book, like the Dow Theory (why it works when it does and why it doesn't work when it doesn't), identifying a change of trends, the true meaning and definition of risk, capital preservation, consistent profitability and the pursuit of superior profits.
Much of the rest is filler, especially the part where mister Sperandeo attacks the (detrimental?) role of a government in a capitalist country (although he states that capitalism ceased to exist in the US in 1913 with the adoption of the 16th Amendment and the formation of central banking!!!), Marx and Keynes philosophic and economic theories, the moral code of altruism, etc,etc.
Anyway, if you buy this book is because you want to become a better investor or trader, and as such, it deserves 5 stars.

Rating: 5 stars
Summary: An excellent stock investment primer.
Review: For anyone who is an aspiring stock market investor, this book gets you started. An excellent treatise on the Dow Theory and how it relates to investing. It has an important chapter on identifying trends and drawing trend lines (a critical skill). Sperandeo also gives the fledgling investor guidelines for making investments with his 1-2-3 Criterion and his 2B or Not 2B techniques as well as how to use moving averages to make investment decisions. The book is definitely worth the money.

Rating: 5 stars
Summary: Down to earth wallstreet master!
Review: How could you not like this guy? I've read numerous books on trading, and trading techniques, most are dry without much enthusiasm. While reading this book it was hard to put it down, he blends in his own personal experiences with real world technical and fundamental analysis in a easy to read context. I'm looking forward to reading his 2nd edition!

Rating: 5 stars
Summary: Relevant, Practical Ideas -- a Must Read
Review: I am an equities trader and I have read over 20,000 pages about investing in the stock market, fundamental and technical analysis, and many related topics. The ideas presented in Trader Vic's book are extremely practical and relevant and I've not seen many of the ideas expressed in it anywhere else. His ideas about weighing the odds of the future course of the markets based on historical, statistical measurements of time and how far the markets have moved are truly useful. The background he gives about economics made sense and are useful as well. I'd rate it in the top 5 books I've ever read about the markets.

Rating: 5 stars
Summary: Relevant, Practical Ideas -- a Must Read
Review: I am an equities trader and I have read over 20,000 pages about investing in the stock market, fundamental and technical analysis, and many related topics. The ideas presented in Trader Vic's book are extremely practical and relevant and I've not seen many of the ideas expressed in it anywhere else. His ideas about weighing the odds of the future course of the markets based on historical, statistical measurements of time and how far the markets have moved are truly useful. The background he gives about economics made sense and are useful as well. I'd rate it in the top 5 books I've ever read about the markets.

Rating: 5 stars
Summary: Half Is Very Good
Review: I was torn between 4 or 5 stars. Half the material rated 5 stars, but the other half was 4 stars or even 3 stars. The first 30% was part of what I was expecting -- psychology of the market and predictions. The last 20% was the other part of what I was expecting -- psychology of the trader. The rest is filler, but good filler, mostly geared towards beginners.

Rating: 3 stars
Summary: Nothing special
Review: I'm sure people will not find this review "helpful" , which is typical of the masses. They hear what they want to hear, then blank out everything else because it is threatening information. Shrug.

I am well aware of all the solid reviews on this book, so I keep thinking I've missed something in my reading. I gave the book 2 stars for content, 3 because it was [cost effective]. It is definitely well written by someone who has quite a track record in trading. The one chapter on Dow Theory, 2B, trendlines and trend reversals was the only one worth mentioning. The rest of the book is lengthy filler material. Some good, some bad, mostly "average".

Rating: 3 stars
Summary: Nothing special
Review: Over the last two years I have read over 20 books focusing upon trading. This ranks only second to lefevre's Reminiscences of a stock Operator.

In this book Vic details the critical factors / techniques necessary for successful trading. He focuses upon key areas which I believe summarise the key tenets underlying successful trading. It was almost as if this book was tailor made for me given the emphasis upon psychology and the necessary mindset to win. His comments so often ring true. He clarified a number of issues in my own mind and extended my thinking in critical areas.

Not to be missed

Rating: 4 stars
Summary: Very practical about trading
Review: Some years ago an experienced trader introduced
me to this book. I read it and I learned many
things from it. The main topics in this book
include: Preservation of capital, consistent
profitability, technical analysis and trading
rules, etc. Trader Vic also talked about
macroeconomics and how it affects the stock
market.

One doesn't have to agree on everything trader
Vic said in his book. And I personally believe
that the writing style could be better. The
outstanding points in this book are Mr.
Sperandeo's great insights about trading and
his very practical real-world trading strategies.
This is a book every trader should read.

Rating: 4 ½ Stars


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