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Victor Sperandeo Biography

Victor Sperandeo, known as “Trader Vic”, is a US trader, index developer, and financial commentator based in Grapevine, Texas, United States. He serves as the President and CEO of Alpha Financial Technologies, LLC (AFT), is a founding partner of EAM Partners L.P., and serves as the President and CEO of its general partner, EAM Corporation.

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Victor Sperandeo Quotes

The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.

Emotional, Key, Making, Money, Success

Once a price move exceeds its median historical age, any method you use to analyze the market, whether it be fundamental or technical, is likely to be far more accurate. For example, if a chartist interprets a particular pattern as a top formation, but the market is only up 10% from the last low, the odds are high that the projection will be incorrect. However, if the market is up 25% to 30%, then the same type of formation should be given a great deal more weight.

Moving, Odds, Historical, Weight, Low, Method

In my opinion, the greatest misconception about the market is the idea that if you buy and hold stocks for long periods of time, you'll always make money. Let me give you some specific examples. Anyone who bought the stock market at any time between the 1896 low and the 1932 low would have lost money. In other words, there's a 36 year period in which a buy-and-hold strategy would have lost money. As a more modern example, anyone who bought the market at any time between the 1962 low and the 1974 low would have lost money.

Bought, Buy, Examples, Ideas, Long, Years

Most people lose money because of lack of emotional discipline -the ability to keep their emotions removed from investment decisions. Dieting provides an apt analogy. Most people have the necessary knowledge to lose weight-that is they know that in order to lose weight you have to exercise and cut your intake of fats. However, despite this widespread knowledge, the vast majority of people who attempt to lose weight are unsuccessful. Why? Because they lack the emotional discipline.

Cutting, Emotional, Exercise, Know, Knowledge, Widespread

The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don't cut their losses short.

Cutting, Emotional, Know, Loss, Reason, Short

Investing in the market without knowing what stage it is in is like selling life insurance to 20 year olds and 80 year olds at the same premium.

Business, Knowing, Life, Selling, Years

The key to investment success is emotional discipline. Making money has nothing to do with intelligence. To be a successful investor, you have to be able to admit mistakes. I trained a guy to trade who had a 188 IQ. He was on "Jeopardy" once and answered every question correctly. That same person never made a dime in trading during 5 years!

Admit, Emotional, Mistake, Mistakes, Successful, Trained

The key to building wealth is to preserve capital and wait patiently for the right opportunity to make the extraordinary gains.

Gains, Keys, Opportunity, Preserve, Waiting, Wealth

Michael Ende

Michael Ende

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Cristina Saralegui

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Connie Morella

Nicu Vlad

Nicu Vlad

Doreen Valiente

Doreen Valiente

Tom Lenk

Tom Lenk

Susan Stroman

Susan Stroman

George A. Moore

George A. Moore

Devon Aoki

Devon Aoki

John Cale

John Cale

Oskar Kokoschka

Oskar Kokoschka

Jean Ping

Jean Ping