Sperandeo structures his trading approach around three prioritized principles: Preservation of Capital
Sperandeo famously stated, “If you don’t know when you’re wrong, you don’t know when you’re right.” His most practical contribution to trading psychology is his rigid risk framework.
Which option would you like?
The book is divided into 15 chapters, covering various aspects of trading and investing. Some of the key concepts discussed in the book include:
"My stops are not suggestions. They are orders. The moment the price hits my stop, I am out. No hope. No prayer. No 'waiting for a bounce.' Out."
: Generating steady gains over time.