TalkingTrading

Victor Sperandeo spent his teenage life playing poker in his neighbourhood in Queens.His fascination with numbers led him to Wall Street where he worked as an options trader before establishing Rand Management Firm and Ragnar Option Corporation.Within 6 months Ragnar was doing more volume than any other OTC options firm in the world.As well as trading independently Victor also traded on behalf of other legendary names such as George Soros and Leon Cooperman.But even legends make mishaps and in 1984 Victor deviated from his own money management guidelines.He was short the market and did not cover, the next day the market opened higher.It cost him a million dollars.In Victor’s mind ‘The key to trading success is the emotional discipline.’  His three principles in the market are preservation of capital, consistency, and speculation with profits.In 1987 Victor famously predicted the market crash in Barron's magazine a few weeks prior, which earned him the title Trader Vic the Ultimate Wall Street Pro.  He sa