Trader Vic--Methods of a Wall Street Master
Victor Sperandeo, a professional trader known as Trader Vic, lays out his approach to markets built on risk management, market cycles, and disciplined speculation. The book blends technical analysis, economic reasoning, and hard-won rules for preserving capital, arguing that avoiding large losses matters more than picking winners. Sperandeo draws on decades on Wall Street to explain how he reads trends and when he stays out of the market entirely. For a reader curious about how a working trader actually thinks, it is practical and opinionated rather than academic. First published in 1991.