Mark Minervini...Legit or Not?

Here is a PRACTICAL review of his book, Trade like a stock market wizard:

"This book is OK although I feel the author does not give all the practical information needed to start a successful trading journey.

The book is way too long and contains too much repetition. Chapter 1 to 9 can literally be summarized in one page as follows:
* Buy only when the price is above the 50, 150 and 200 day moving average (MA)
*50 day MA needs to be above 150 day MA which in turn needs to be above 200 day MA.
*Earning per share (EPS) must be increasing year on year.
Chapter 10 is good and Chapters 12 &13 which are about risk Management are also good.

If you buy this book I suggest you read Chapters 12 & 13 first, skip Chapters 1-9 (see a summary above) and read chapter 10."

I love reviews like this...
 
MacBookProHo said:
Are you a millionaire trader from following the Holy, Godly, teachings of Minervinininini?

I hate how people devotely follow trading teachers and gurus and social media personalities......and yet....they are brokeass and have nothing to show for it. They feel compelled to defend them....because they spent their time and money and lives on them already.

Losers, I'm not saying it arrogantly....but the world will have a ton and ton of losers in it in any given sample size. Not everyone can be a successful winner who see's the light.
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^^^ prime example of why many successful traders have left this site. Bums talking shit constantly just to troll.
 
Pekelo said:
I guess the better question would be:

Is he a good teacher and can I improve my trading from his books and seminars? Some great traders, scientist aren't good at teaching or what works for him may not work for you.

aka: Why not just read the Amazon reviews of his books (with a grain of salt)?
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I have read the reviews and they are majority positive, but it's always those negative ones that can change your mind about not just the book but the author and his preachings. Anyway, I bought his books so I'll eventually know if they brought some value to me and my trading
 
Pekelo said:
The book is way too long and contains too much repetition. Chapter 1 to 9 can literally be summarized in one page as follows:
* Buy only when the price is above the 50, 150 and 200 day moving average (MA)
*50 day MA needs to be above 150 day MA which in turn needs to be above 200 day MA.
*Earning per share (EPS) must be increasing year on year.
Chapter 10 is good and Chapters 12 &13 which are about risk Management are also good.

If you buy this book I suggest you read Chapters 12 & 13 first, skip Chapters 1-9 (see a summary above) and read chapter 10."

I love reviews like this...
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I agree for the most part. It's too bad the reviewer didn't spend more time on the chapters he
recommends.
 
He might’ve been good in the 90s, but seriously doubt he adds much if any value since mid2000s. Markets are very competitive and if you’re not “working out” by advancing your strategy, then you’ll be outcompeted.

Also, markets are up sooo much since the 90s how can he not be a billionaire with his returns? Basic skepticism should help you avoid major mistakes.
 
longandshort said:
He might’ve been good in the 90s, but seriously doubt he adds much if any value since mid2000s. Markets are very competitive and if you’re not “working out” by advancing your strategy, then you’ll be outcompeted.

Also, markets are up sooo much since the 90s how can he not be a billionaire with his returns? Basic skepticism should help you avoid major mistakes.
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If I may add my two cents - he's just a person after all and all people have a sense of financial self worth. No matter how he presents himself to the world, he may have his own limitations that stand between him and this "billionaire status". Isn't it enough for a person though, to be good at his craft and not just make a living but make generational wealth?
 
longandshort said:
He might’ve been good in the 90s, but seriously doubt he adds much if any value since mid2000s. Markets are very competitive and if you’re not “working out” by advancing your strategy, then you’ll be outcompeted.

Also, markets are up sooo much since the 90s how can he not be a billionaire with his returns? Basic skepticism should help you avoid major mistakes.
More...
Do you not believe the US investing championship is legit?
 
Minervini's books are excellent.....

You may not agree with alot of what he says,but there is some gold to be found..

Problem is,if you are a newbie,it will only be the first step in your journey..

His chapters on position sizing and stops is worth the read alone
 
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