Trader Vic--Methods of a Wall Street Master (Revised)

Revised /E

VICTOR SPERANDEO 저자(글)

Wiley · 1993년 08월 26일

책 소개

Trader Vic -- Methods of a Wall Street Master Investment strategies from the man Barron's calls "The Ultimate Wall Street Pro" "Victor Sperandeo is gifted with one of the finest minds I know. No wonder he's compiled such an amazing record of success as a money manager. Every investor can benefit from the wisdom he offers in his new book. Don't miss it!" --Paul Tudor Jones Tudor Investment Corporation "Here's a simple review in three steps: 1. Buy this book! 2. Read this book! 3. See step 2. For those who can't take a hint, Victor Sperandeo with T. Sullivan Brown has written a gem, a book of value for everyone in the markets, whether egghead, novice or seasoned speculator." --John Sweeney Technical Analysis of Stocks and Commodities "Get Trader Vic-Methods of a Wall Street Master by Victor Sperandeo, read it over and over and you'll never have a losing year again." --Yale Hirsch Smart Money "I have followed Victor Sperandeo's advice for ten years, and the results have been outstanding. This book is a must for any serious investor." --James J. Hayes, Vice President, Investments Prudential Securities Inc. "This book covers all the important aspects of making money and integrates them into a unifying philosophy that includes economics, Federal Reserve policy, trading methods, risk, psychology, and more. It's a philosophy everyone should understand." --T. Boone Pickens, General Partner Mesa Limited Partnership "This book gave me a wealth of new insights into trading. Whether you're a short-term trader or a long-term investor, you will improve your performance by following Sperandeo's precepts." --Louis I. Margolis Managing Director, Salomon Brothers, Inc.

작가정보

저자(글) VICTOR SPERANDEO

VICTOR SPERANDEO has been a professional trader and money manager for 24 years. He currently manages and advises institutional and large individual portfolios for Rand Management Corporation. He has been profiled in Barron's and The Wall Street Journal and appears frequently on CNBC and other television networks, and is in demand as a lecturer.

목차

• Foreword iii
  
  Preface ix
  
  Acknowledgments xiv
  
  Part 1 Building Your Knowledge from the Ground Up 1
  
  Introduction: The Secret of the Gamboni 1
  
  1 From Gambler to Market Master: The Making of a Professional Speculator 3
  
  A Quest for Freedom 5
  
  The Wisdom of the Tape 6
  
  Horsetrading Options 8
  
  A Taste of Independence 10
  
  Discovering the Nature of Trends 12
  
  Finding My Freedom 13
  
  2 The Alligator Principle: Proof of the Need to Think in Essentials 15
  
  Being Eaten Alive 15
  
  Thinking in Essentials16
  
  3 A Business Philosophy for Consistent Success 21
  
  Preservation of Capital 21
  
  Consistent Profitability 24
  
  Pursuit of Superior Returns 26
  
  Conclusion 27
  
  4 Finding Order in Market Chaos: An Introduction to Dow Theory 29
  
  Good Ideas Often Misunderstood 30
  
  The "Hypotheses" of Dow Theory 32
  
  The "Theorems" of Dow Theory 35
  
  Conclusion 46
  
  5 A True Understanding of Trends 49
  
  Uptrend, Downtrend, Move All Around Trend 49
  
  Let's Reduce It to Basics 49
  
  The Importance of Confirmation 52
  
  The Four Phases of a Market 54
  
  Important Volume Relationships 57
  
  Conclusion 57
  
  6 The Merits and Hazards of Technical Analysis 59
  
  Tidewatchers 60
  
  The Manipulators 63
  
  The Purists 66
  
  Summary 67
  
  7 Where Fortunes Are Made: Identifying a Change of Trend 69
  
  Determining the Trend--Drawing the Trendline 71
  
  Identifying a Change of Trend: It's Easy as 1-2-3 74
  
  2B, or Not 2B? That's Worth Some Money! 78
  
  The Cause of Tests and the 2B Pattern 81
  
  The ABCs of Secondary Corrections 84
  
  Summary 84
  
  8 What the Analysts Don't Know Can Kill You 87
  
  How Important Can Anchovies Be? 87
  
  Understanding Moving Averages8 8
  
  A Different Perspective on Relative Strength 93
  
  Momentum Indicators (Oscillators) 96
  
  Making Specific Stock Selections 104
  
  Conclusion 108
  
  9 The Way the World Really Works: The Basics of Economics 109
  
  The Jigsaw Puzzle 109
  
  Economics According to Robinson Crusoe 112
  
  The Role of Money 115
  
  Economics and Human Nature 118
  
  Production Before Affluence 121
  
  Savings, Investment, Credit, and Wealth 124
  
  Summary: The Closest Thing There Is to a Free Breakfast 130
  
  10 Booms and Busts: Who Holds the Pump and Who Holds the Needle? 133
  
  Booms and Busts: The Business Cycle 133
  
  The Nature of the Business Cycle 134
  
  The Structure and Role of the Federal Reserve System 144
  
  How Money and Credit Availability Is Created and Controlled 146
  
  Reserve Requirements, Fed Funds Rate, and the Discount Rate 151
  
  How to Predict the Trend and Changes of Trend Based on Fed and Treasury Policy 160
  
  Conclusion 162
  
  11 Managing Money By Measuring Risk 163
  
  The True Meaning of Risk 163
  
  A Revolutionary Approach to Risk Assessment 166
  
  Allocating Capital with Odds Management 170
  
  12 There Must Be Fifty Ways to Lose Your Money 175
  
  The $4017 Hairdryer 175
  
  Trading Rules and the Reasons Behind Them 176
  
  The Rules Defined 177
  
  The 85% Rule 187
  
  Conclusion to Part 1: Putting It All Together 189
  
  Part II The Commitment to Make It Happen: Emotional Discipline 191
  
  The Trader's Dream: A Fable 191
  
  13 The Spock Syndrome: Reason and Emotions at War197
  
  Introduction 197
  
  From Predator to Trader: The Evolution of Human Emotions 199
  
  Emotions as Benefactor 202
  
  Emotions as the Villain 204
  
  The Source of Consistency: Emotional Discipline 206
  
  Conclusion 208
  
  14 Success is What You Make It 211
  
  The Prerequisites of Success 211
  
  The Meaning of Success 212
  
  The Supercomputer of the Mind 214
  
  Discovering and Using Motivation 216
  
  Conclusion220
  
  15 Changing So It Sticks 221
  
  Using Your Body 222
  
  Using Your Conscious Mind 225
  
  Discovering Awareness 226
  
  Finding Your Focus 228
  
  The Power of Questions 231
  
  The Importance of Evaluation 232
  
  Values and Character 232
  
  Beliefs and Personality 234
  
  Harnessing the Power of the Subconscious 239
  
  Anchoring 242
  
  Conclusion 244
  
  16 Conquering False Pride 245
  
  The Most Important Reason People Fail in Trading 245
  
  Your Evil Twin: The Idealized Self-Image 246
  
  The Search for Glory 247
  
  Compulsion and Imagination 250
  
  When Wishes Become Claims 251
  
  The Tyranny of the Shoulds 252
  
  Real Pride/False Pride 256
  
  17 Finding Your Freedom2 59
  
  Notes 263
  
  Glossary of Terms 271
  
  Bibliography 281
  
  Index 283

출판사 서평

Trader Vic — Methods of a Wall Street Master
"Investment strategies from the man Barron's calls "The Ultimate Wall Street Pro" Victor Sperandeo is gifted with one of the finest minds I know. No wonder he's compiled such an amazing record of success as a money manager. Every investor can benefit from the wisdom he offers in his new book. Don't miss it!"
—Paul Tudor Jones, Tudor Investment Corporation

"Here's a simple review in three steps: 1. Buy this book! 2. Read this book! 3. See step 2. For those who can't take a hint, Victor Sperandeo with T. Sullivan Brown has written a gem, a book of value for everyone in the markets, whether egghead, novice or seasoned speculator."
—John Sweeney, Technical Analysis of Stocks and Commodities

"Get Trader Vic-Methods of a Wall Street Master by Victor Sperandeo, read it over and over and you’ll never have a losing year again."
—Yale Hirsch, Smart Money

"I have followed Victor Sperandeo's advice for ten years, and the results have been outstanding. This book is a must for any serious investor."
—James J. Hayes, Vice President, Investments Prudential Securities Inc.

"This book covers all the important aspects of making money and integrates them into a unifying philosophy that includes economics, Federal Reserve policy, trading methods, risk, psychology, and more. It’s a philosophy everyone should understand."
—T. Boone Pickens, General Partner Mesa Limited Partnership

"This book gave me a wealth of new insights into trading. Whether you’re a short-term trader or a long-term investor, you will improve your performance by following Sperandeo’s precepts."
—Louis I. Margolis, Managing Director, Salomon Brothers, Inc.

기본정보

ISBN	9780471304975 ( 0471304972 )
발행(출시)일자	1993년 08월 26일
쪽수	304쪽
크기	152 * 230 * 21 mm / 370 g
총권수	1권
언어	영어