Mark Minervini...Legit or Not?

proftradingjourney

proftradingjourney

This may seem like a silly question, since he is a 2-time winner of the US Investing Championship which apparently is audited and you can't really dispute this achievement or his success and ability, but I've been inclined to buy his books Trade Like A Stock Market Wizard and Think and Trade Like A Champion, which have pretty positive reviews.

But some negative reviews (on the former book) state that he doesn't really dive deep into his strategy, doesn't delve into when to sell and how he exits, contains a lot of motivational fluff, marketing gimmicks, and that it's based a ton of William O'Neill, i.e. lacks originality. Plus on top of this he sells crazy overpriced seminars for thousands of dollars, his private access ranges from 500 to 1000 a month... I mean... this is crazy expensive.

There was one Amazon comment in particular that caught my eye which stated that his trading style might've worked in the 90's to early 2000's but hasn't worked as effectively since then, and insinuated this was the reason he started writing books in 2013 as a way to get his name out there and make some money (with this being said.. the bull market raged since '13 so his strat probably worked out).

I don't know what to think because I see CANSLIM, position, swing momentum investing as a style that really speaks to me and something I'd like to hone in on. I've never traded with real $$ since I am currently studying the market and methodology, and all there is to know, but this style speaks to me since I feel I'd have more time to think a little deeper vs a day trader who is both smart and quick. I just about finished reading 'How To Trade In Stocks' by Jesse Livermore and I see influences in CANSLIM from J.L. which really hit home and make sense.

Anyway, I've kind of deviated from the original q, just wondering your thoughts on Minervini and his books, courses, the lot.
 
deaddog said:
I'm a fan!
I have a similar methodology that is long only and it has kept me out of the bear markets and outperformed the S&P for the last 20 yrs.
I'm not sure about the seminars or courses but I recommend his books.
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Cool, thanks for your input. Nice job beating the market for the last 2 decades as well! :thumbsup:
 
When it comes to trading the guy definately knows his stuff,he's been doing it a REALLY long time. I'm not going to hold it against him for wanting a second income stream from selling books,seminars,etc. I'd probably be doing the same thing if I had his street creds.
 
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proftradingjourney said:
he is a 2-time winner of the US Investing Championship
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If a trader is the real deal....he would win those trading competitions....basically consistently. But all of those winners come and go and disappears.
Trading is not like professional sports where the lifespan is very short, a skilled trader should be able to carry out those wins and championships and returns basically his entire life.

All those guys are the same....you Need some sort of Claim to Fame.....in order to Sell expensive courses, books, seminars, subscriptions and shows. Get lucky and bold once....then you've made a name for yourself as a Holy Divine Godly, legit, trader who everyone should follow,
 
I can't find it now, but I follow him on Twitter and a few weeks ago, and was heavily bullish. I haven't seen any recent updates about his bias, but I found it interesting.

Right now, it seems like lots of marco guys are super bearish, and how can you not be, but there are also many pros that are bullish. Its a very interesting time.
 
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