Customer Reviews

Trader Vic II: Principles of Professional Speculation

5 star:		(5)
4 star:		(2)
3 star:		(0)
2 star:		(2)
1 star:		(0)

 

 

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.

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.

FUNdamental, entertaining reading; fundaMENTAL, he gets you to think and not just throw your money out there like a gambler; fundamental, some basic principles that everyone should learn start right here; fundaMEntal, there's something here for everybody; funDAMEntal, for the girls; fundaMENtal, and the guys; FUNDamental, it's a business and it's about learning to preserve capital.

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.

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.

Mr Saprandeo does not have a formal University experince. This chip on the shoulder is evident throughout the book. He deludes himself to be an economist. He has read 2500 books( See his interview in the Market Wizard book. But you need formal education to understand economics. There are somethings in life which a virgin cannot appreciate.

The part 2 has some useful parts but you could get them in his first book. The profitable section is on drawing the tendline and the 1 2 3 method and the 2-B. Actually the 2-B indicator is nothing but a spike reversal pattern . The most unscientific part was the market life expectency. How can he explain this bull market?

In all fareness I liked his FIRST book. I saved myself a lot of losses by knowing when the trend was about to change. SO read his first book and save your money on part-2

Market Wizard Victor Sperandeo's simple rules for trading success, risk management, and other concepts are well worth the price of this and his other books.

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.

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.