This mechanical approach eliminates emotion. It forces the trader to wait for the market to prove a change in trend rather than guessing or hoping. It is a strategy rooted in patience, ensuring that the trader is reacting to what the market is doing, not what they think it should do.
In the pantheon of Wall Street legends, few names command as much quiet respect among professional traders as Victor Sperandeo. Known to the trading world as "Trader Vic," Sperandeo isn’t a household name like Warren Buffett or George Soros, but within the industry, his track record is the stuff of legend. Over a 22-year period, his personal trading record showed an impressive average annual return of 70%, without a single losing year. This mechanical approach eliminates emotion