Before dissecting the methods , one must understand the man . Victor Sperandeo grew up on the South Side of Chicago, not in an Ivy League boardroom. He learned to trade as a quote boy on the American Stock Exchange. He wasn't an academic; he was a realist.
An extension of the 2% rule. If your total realized losses for a month hit 6% of your capital, Sperandeo stops trading entirely for the rest of the month. Trader Vic Methods Of A Wall Street Master By Victor
: This is the "cornerstone". Before considering profit, a trader must calculate the potential loss and ensure it is strictly controlled. Before dissecting the methods , one must understand the man