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Victor Sperandeo: Trader Vic, Man of all Markets

Posted by Amir El Araby On 12/4/2017 5:08:24 AM In Star Traders

Mr. Sperando was born in 1945; he started his career as an options trader in January 1968 after joining Filer Schmidt & Co. He traded over-the-counter securities options after becoming a stock options dealer.

In 1970, Mr. Sperandeo moved to U.S. Options, where he continued as a securities option trader for bank and trust company clients. He became a portfolio manager for Marsh, Block & Lieber in September 1970.

In 1971, he founded his own company, Ragnar Options Corp, which would become the largest OTC securities option dealer in the world by 1972.

Mr. Sperandeo served as Ragnar’s President from its inception until February 1977.

Having gained a reputation as an astute trader of both the long and short side of the market, Trader Vic was hired as an independent trader by renowned investor George Soros, managing a short portfolio for the Quantum Fund during the declining market of December 1981 to July 1982.

He has been featured twice in Barron’s – “Man of all Markets”, on May 2, 1983, and “Trader Vic the Ultimate Wall Street Pro”, on September 21, 1987.

Mr. Sperandeo continued to trade futures. He was a registered commodity-trading advisor from May 1989 until August 1993.

From October 1989 to January 2004, he was a registered principal and associated person of Hugo Securities, now a commodity pool operator and commodity-trading advisor.

Mr. Sperandeo has served as president and CEO of Alpha Financial Technologies, LLC (AFT) and EAM Partners L.P. (EAM) since their formation in 2000 and 2001, respectively.

AFT is a financial engineering firm focused on the research and development of “white box” futures-based indices created by Victor Sperandeo such as:

1-Diversified Trends Indicator (DTI), a long/short commodity and financial futures index, which launched in 2004.

2-Commodity Trends Indicator (CTI), a long/short commodity futures index, which launched in 2004 as a sub-index of the DTI.

3- FX Trends Index (FXTI) – a long/short currency futures index, which launched in 2010.

He described his style as only taking risks when the odds are in his favor.  After an extensive two-year study, he identified ‘life expectancy’ profiles for market moves.  For example, he noticed that an intermediate swing on the Dow during a bull market is typically 20%.  After that, 20% has been realized the odds of further advances are diminished significantly.

Understanding this makes a big difference he says, as if when a life insurance policy is written the risk profile of an 80 year old is very different from that of a 20 year old.

Sperandeo believes that the most common reason for failure with technical analysts is that they apply their strategies to the market with no allowance for the life expectancy of the bullish or bearish move.

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