Only after achieving consistency should a trader attempt to maximize gains through strategic leverage or aggressive compounding. This step is only acceptable when the risk to core capital remains strictly controlled. 2. Market Philosophy and the Dow Theory
So, what makes "Methods of a Wall Street Master" such a valuable resource for traders and investors? Here are some key takeaways:
If you want to see a coded backtest concept for the ? Share public link Only after achieving consistency should a trader attempt
The price attempts to revisit the recent high (in an uptrend) or low (in a downtrend) but fails. For example, in an uptrend, the price rallies back up but makes a lower high .
The breakout fails, and the price quickly closes back below the previous high. Market Philosophy and the Dow Theory So, what
Price rallies to a new high, pulls back slightly, and then surges above that high to make a fresh peak.
A recurring theme throughout Sperandeo's work is that emotional maturity outweighs intellectual genius in trading. Overcoming Pride For example, in an uptrend, the price rallies
Price rallies again and makes a new high, breaking above the previous peak.