Trader Vic Methods Of A Wall Street Master By Victor !!install!! < Quick >

In Methods of a Wall Street Master , Vic defines a bull market as any time the price is above the 200-day SMA and the 200-day SMA is sloping upward. Conversely, a bear market exists when the price is below a downward-sloping 200-day SMA.

Absolutely. Markets are driven by human emotion—fear and greed—and those have not changed in centuries. "Trader Vic" provides a framework for discipline that is arguably more important today than ever before. Trader Vic Methods Of A Wall Street Master By Victor

| Principle | Key Takeaway | |-----------|---------------| | | You don’t need to be right; you need to make money when you are right and lose little when you are wrong. | | The trend is your friend… but only if you define it. | Most traders lose because they misidentify the trend’s timeframe (short vs. long term). | | Realism over hope. | Markets are not logical; they reflect mass psychology. Hope has no place in trade management. | | Risk first, then reward. | “If you don’t know where you’re getting out on a loss, you haven’t entered a trade.” | In Methods of a Wall Street Master ,