Victor Sperandeo - Legendary Futures and Options Trader and Market Wizard

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 31 May 2019

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Victor Sperandeo is to Wall Street what Warren Buffett is to Main St. Unless you are a student of the market you may have never heard of him, but you are in for a treat today.

Some of the topics we cover in today’s episode:

How have HFT and technology effected your trading?
Risk Management
Indexes
How do you manage risk with your trades?

For more information, visit the show notes at https://moneytreepodcast.com/246

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.5	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.9	Welcome to this week's episode of Money Tree Investing Podcast.
0:14.0	My name is Kirk Chisholm and I'll be the host for today's show.
0:17.0	We have a very special guest today.
0:18.7	I feel very fortunate to interview a living legend on this show.
0:22.6	He is to Wall Street what Warren Buffett is to Main Street. So unless you're a student of the market, you probably have never heard of him, but you're in for a treat today.
0:30.7	Today I'm sitting here talking with legendary trader Vic, Victor Sprandio.
0:35.8	Vic is a master trader of futures and options. He started an options firm
0:40.4	Ragnar Options Corp, and within six months, it was the largest options OTC dealer in the world.
0:46.4	He racked up an average annual rate of return of 70 plus percent over 11 years without a losing
0:52.2	year. He's famously predicted the 1987 stock market crash in a Barron's
0:57.0	interview. He's been featured in some of the best-selling books such as New Market Wizards and Super Traders.
1:04.0	He's also authored three books of his own, detailing some of his investment philosophy.
1:09.2	He was inducted into the Trader Hall of Fame in 2008.
1:12.3	And if that isn't enough, and I'm running out of breath here, he's also created two indexes and three trading methodologies for the futures markets.
1:19.8	Did I miss anything, Vic?
1:21.2	No, that's pretty well covered.
1:23.9	So, Vic, I'm really happy to have you in a show here. I want to start talking, I guess maybe take a start from the beginning a little bit. How did you get started as a professional trader? Well, it was 1965, and a very good card player among my peers. We had a lot of kids, you know, teenage kids in this area I lived in in Jackson Heights, Queens.
1:46.5	I read a lot of books that played the odds and learned when to bet and when not to bet and
1:52.9	went to fold.
1:54.1	And my mother thought I was going to be a bum in her words.
	...

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