Mark Minervini...Legit or Not?

Laissez Faire said:
For sure. It can help on the entry part, though. If you always wait until it's too late you're usually getting shit entries. Unless you're trading breakouts where they can actually be successful. I imagine single stocks are different from indices here.

As for your quote, it's pretty much the only thing I changed in my own trading this year and which seems to make me able to make some money. I cut my losses and ride my winners. In the past, I would cut my losses, sometimes let them become too big and invariably I would always take profits too soon.
More...

I’ll try to implement something like …
Better take a small loss than a small gain when I have an edge. Otherwise I’ll be forever missing large gains … Let’s see.
 
Laissez Faire said:
It's not, though, so I don't think that belief is going to help you.

The market is neutral and only exists to facilitate trading. A liquid market does this very well giving you ample opportunity to enter and exit pretty much whenever and wherever you want.

If anyone's getting f**ked in the market it's by their own doing and usually it comes from playing without any rational expectation of being able to make a profit. Often, this would materialize itself as buying highs and selling lows after the market "confirmed" its direction and is just about to reverse.

So, if you're getting f**ked a lot you should simply start buying where you would usually sell and vice versa. Problem solved... :)
More...
It's an interesting question. Obviously the market or stocks have no agency but aggregate trading strategies are often based on exploiting over or under-reaction to price and volume patterns so traders as shrewd as Larry Williams can speak of the market as if it did have agency. More broadly, it's spoken of as the Pain Trade:

https://www.babypips.com/forexpedia/pain-trade
 
Last edited:
Minervini's Master Trader Programs are over $5000 a piece. Mark Ritchie 2 attended them for over 10 years. Thats a lot of money. Mark's father was a very successful Trader so the Son wouldn't have been attending a Bum's Seminars for over 10 years.

Mark has stated, its "the nuances" of his program that make him Rich. My interpretation: its the Art of applying his strategy.

Didn't someone say David Ryan was up 1400% for the last few years. Both run similar Minervini/O'Neil strategies.
 
Laissez Faire said:
It's not, though, so I don't think that belief is going to help you.

The market is neutral and only exists to facilitate trading. A liquid market does this very well giving you ample opportunity to enter and exit pretty much whenever and wherever you want.

If anyone's getting f**ked in the market it's by their own doing and usually it comes from playing without any rational expectation of being able to make a profit. Often, this would materialize itself as buying highs and selling lows after the market "confirmed" its direction and is just about to reverse.

So, if you're getting f**ked a lot you should simply start buying where you would usually sell and vice versa. Problem solved... :)
More...
%%
LOL:D:D Actually i had a similar thought on one of the first trades i did.
AS IF= ALL in the markets were waiting for my first odd lot+ THAT's the best elevator sell or crash signal:D:D
HE could profit much more, as you noted \ getting rid of his false beliefs.
''ES..... up + elevator down'' = another problem attitude +wrong excuse .
Another problem he has \5-6.66 minutes is no pro benchmark\ that maybe an elevator down; Main benchmark is SPY + related, its about 7.777% YTD+ about 12% annual, depending on when one starts.........
That misses the main points when one using the known faster market drops as some sort of excuse. HOPE this helps/it helps me
 
You must log in or register to reply here.
Back
Top