Most traders fail not because of bad analysis, but because of poor emotional control. Sperandeo emphasized:
A 2B occurs when a price makes a new high (or low) but immediately reverses and closes back inside the previous range. This is a "trap." Sperandeo would enter in the opposite direction of the breakout, placing a stop just beyond the false breakout high. This is a high-probability short-term reversal play. trader vic methods of a wall street master by victor best
If you want to trade like Sperandeo, you must abandon hope of predicting the future and instead focus on Most traders fail not because of bad analysis,
A core method to avoid whipsaws: Do not trust a new high unless it is confirmed by the Dow Industrials and Dow Transports (for index trading) or by a correlated sector for individual stocks. If the Transports are not confirming a new high in Industrials, it is a false signal. This is a high-probability short-term reversal play