Trader Vic II : Principles of Professional Speculation (Wiley Trading)

Rating:
Summary: A GENEROUS BOOK
Review: A very good follow-up and extension of Mr. Sperandeo's earlier work. This work too, is based upon research and experience, and extends the current knowledge regarding life expectantcy profiling, modern Dow Theory applications and other critical matters. One might normally have an appreciation of this author's generousity and a respect for work that contributes so significantly. An important book.

Rating:
Summary: Trader Vic I is much better
Review: I gave a 5 stars to Vic I. However, I dont see any reason for the existence of Vic II, which just primarily repeated what had been covered in its predecessor. Hope you had read this review before you buy and read Vic II. Just go directly to Vic I! It's a great read.

Rating:
Summary: Trader Vic I is much better
Review: I rated Vic I a 5 stars. However, I dont see any reason for the existence of Vic II, which just primarily repeated what had been covered in its predecessor. Hope you had read this review before you buy and read Vic II. Just go directly to Vic I! It's a great read.

Rating:
Summary: Outstanding book on trading and understanding markets
Review: I was looking over the past reviews for this book, and noticed the one about Sperandeo's need for a formal education. I disagree completely. I have an MBA from Wharton in Finance. Mr. Sperandeo's command of economics seems rather sound. More importantly, Mr. Sperandeo delves into areas that academics won't delve into and give crucial information on developing a winning trading strategy. Take time to read this book if you are serious about the market.

Rating:
Summary: Outstanding book on trading and understanding markets
Review: I was looking over the past reviews for this book, and noticed the one about Sperandeo's need for a formal education. I disagree completely. I have an MBA from Wharton in Finance. Mr. Sperandeo's command of economics seems rather sound. More importantly, Mr. Sperandeo delves into areas that academics won't delve into and give crucial information on developing a winning trading strategy. Take time to read this book if you are serious about the market.

Rating:
Summary: There was no need for this book
Review: Plenty of ideas here. Vic is, or at least was, an old school trader, using patterns without the benefit of computer analisis. However, he did count extensively by hand. If you take his insights and refine them via computer, lo and behold you might find a few jems. Vic is an honest guy and a real trader. I would recomend this book.

Rating:
Summary: Fundamentals start here
Review: The book gives detailed observations on the market and individual hedging vehicles such as options. I found many helpful techniques that I have incorporated into my own program. For the professional or advanced participants.

Rating:
Summary: Don`t short this book!
Review: The praise for this book by many professionals( e.g. Tudor Jones) is well understandable. Victor adds material to the one he has presented in his first book, and thus makes this one an even better read. His often cited calmness can be witnessed in his hardly matchable humour- and the excitement he has for superior returns on investment captures the reader, experienced or not , fast.

Rating:
Summary: Kind of repetitive
Review: This book has some strong ideas and analysis on economic fundamentals, credit and business cycle, macrofundamental forecasting, political influences on business and the economy, the effects of taxation on the long term trend, GNP and the dollar. But you find most of this stuff in the first book by M. Sperandeo, and I really don't see the need for another book on these matters. What's the purpose here? The first one was written about investors and traders, and this one was written about speculators (as their respective titles would suggest)? The big questions remain the same, but what differs is the approach?
On the other hand the 25 pages on options trading alone made this book's price worth paying, at least for me. I wish that M. Sperandeo had written more on options and I hope someday he'll write an entire book on options and futures alone. Now that might really be worth it!
Anyway, Victor Sperandeo remains one of my favorite trading bookwriters. When it comes to combining trading and investment ideas with analysis and presentation simplicity, I still do think that he's one of the best out there.


Rating:
Summary: Great Book
Review: This is a book you want to keep and never loan out. It can be read over and over. I liked the section regarding "time of day" which is crucial for short term and day traders.